Vehicle Exchange Agreement Template
3.8 The buyer guarantees that he will purchase a used vehicle „as seen“ and that he will assume responsibility for the car in the condition in which it is kept at the time of signing this contract, with the sole exception of deliberately hidden errors. If you are granting a car exchange with your exchange partner, it is advisable to set the conditions in writing. In order to avoid problems and misunderstandings, both parties to the exchange must complete, print, sign and send signed copies to each other. Use the following guidelines: 1.1 „vehicle“ and „car“ both refer to the vehicle that is to be sold in accordance with clause 9. After full receipt of payment, the seller agrees to entrust the buyer with the ownership of the following vehicle: 1.6 This contract can be concluded in English and other languages. In the event of any contradiction or confusion between the Treaty and its various translations, the English version shall have priority. PandaTip: This clause states that even if there is a written error in the agreement, the contract is binding on both parties if they actually conclude the sale. It is agreed that the contract will replace any prior discussions or proposals between the two parties. 2.2 The seller has no connection with any car buying-, – sales or advertising group.
PandaTip: Change the clause if the payment is not complete at the time of signing. . 3.7 The Buyer has visited the vehicle at the Seller`s address and accepts the Vehicle in its current condition, as can be seen during the visit(s). PandaTip: Modify this clause according to the agreed payment method. For example, if both parties accept the scheduled payments: „Payment must be made according to the following schedule: 01/01/2017 $100.00 (to be paid in cash) 02/01/2017 $200.00 (to be paid by check) 03/01/2017 $300.00 (to be paid by bank transfer) Other examples could be: „Cash payment of a total amount of $10,000.00“ „Payment by bank transfer of the amount of $10,000.00 to the following details account number XXXX Bank code XXXX“ “ payment of the amount of 1 $0,000.00 per cheque“. PandaTip: It is not normal to include a guarantee in a private sale, but if the seller wishes, you can change this clause if necessary. One proposal could be as follows: „The vehicle is sold with a guarantee of fitness to drive and continuous safe operation for a period of XXX months and all deficiencies found during this period will be corrected at the seller`s expense, excluding only defects caused by the buyer.“ 1.3 The „price“ refers to the agreed overall price of the vehicle described in clause 3. . 3.3 Payment for the vehicle is made under the conditions agreed and defined in point 4. PandaTip: Both parties may wish to keep the original copies of the signed agreement for future reference.
2.5 The vehicle is not liable for any outstanding financial resources, balances or debts of any kind whatsoever. (Make sure your insurance covers your driving to your destination) Vehicle Identification Number (VIN): __ 7.3 Both parties agree that in the event of a dispute after the signing of the Treaty before the International Chamber of Commerce, they shall initiate arbitration before an arbitrator whose judgment is ultimately to settle the dispute and is final. . . .