4. The parties are obliged to conclude the sale transaction and execute the absolute balance of the sale until the end of the sale. 5. THE SELLER confirms with purchaseR that he does not have a sale, mortgage or exchange agreement with another person with regard to . To be a valid contract, the seller and buyer must correctly sign this contract with the witnesses and execute it on a valid stamp document, as is the case in the state of performance of the contract. The vehicle purchase contract helps to avoid disputes regarding the sale of the vehicle in the future. Important details about the vehicle may be included in this Agreement. Take the expression of these forms and have them completed and signed correctly. And do it in the RTO to change the owner of the bike. The bike must have a valid insurance certificate covering the period of sale. Once the ownership of the bike has been changed to the owner`s name, make sure that you also change the owner`s name in the insurance certificate. This can be done through a written question in the insurance company.
If the insurance goes out, the new owner is required to pay the fine for the time without the insurance, so make sure the vehicle is insured. The agreement is signed by both the seller and the buyer in the presence of witnesses. It should then be stamped within thirty days (at the nearest cadastre) with stamp duty. This agreement defines the conditions of sale of motorcycles in accordance with the requirements of the Sale of Good Deals Act, Cap 31, the Law of Contract Act, cap 23 and the Traffic Act, Cap 403. At the time of sale, the buyer must have in his possession the cash register in the form of a certified check, a payment order or a cashier`s check, unless the parties have accepted a transfer. The seller must have the title and registration of the motorcycle, and both the buyer and the seller must enter the details into the sales contract. Form 28 and transfer document are not required for the sale/purchase, but Forms 29 and 30 are mandatory. This agreement of sale for the benefit of a person or person, whether it is an entity, an organization or an association of a person, and the FIRST PARTY did not oppose it. That the FIRST PARTY cannot conclude a contract of sale in respect of the property or part of it until the end of the sale, or that documents may be required for the transfer of ownership in the event of a sale The parties may include the compromise clause in this agreement. As part of the arbitration procedure, each dispute, in the event of a dispute between the parties, is referred to a third party (“arbitrator”) appointed between the two parties.
The arbitrator hears both parties and decides on the merits of the case. . . .