Vehicle purchase agreement bc template

Buyer Representation. Buyer may have an individual represent themselves for signing of this agreement as long as said individual provides to Seller that he or she has the power and authority to do so on behalf of Buyer. Buyer acknowledges that unless prohibited by applicable law, any insurance coverage, license, tags, plates or registration maintained by Seller on the Acquired Vehicle shall be canceled upon delivery of the Acquired Vehicle to, and the acceptance of, by Buyer.

All representations and warranties contained in this Agreement if any shall continue in full force and effect after execution of this agreement. If either party later learns that a warranty or representation that it made is untrue, it is under a duty to promptly disclose this information to the other party in writing.

No representation or warranty contained herein shall be deemed to have been waived or impaired by any investigation made by or knowledge of the other party to this Agreement. Indemnification of Attorneys Fees and out-of-pocket costs. Should any party materially breach this agreement including representations and warranties made to the other side , the non-breaching party shall be indemnified by the breaching party for its reasonable attorneys fees and out-of-pocket costs which in any way relate to, or were precipitated by, the breach of this contract including the breach of representations or warranties.

This provision shall not limit in any way the remedies either party may have otherwise possessed in law or equity relative to a breach of this contract. This Agreement, including the attachments mentioned in the body as incorporated by reference, sets forth the entire agreement between the Parties with regard to the subject matter hereof.

All prior agreements, representations and warranties, express or implied, oral or written, with respect to the subject matter hereof, are hereby superseded by this agreement. In the event any provision of this Agreement is deemed to be void, invalid, or unenforceable, that provision shall be severed from the remainder of this Agreement so as not to cause the invalidity or unenforceability of the remainder of this Agreement.

All remaining provisions of this Agreement shall then continue in full force and effect. If any provision shall be deemed invalid due to its scope or breadth, such provision shall be deemed valid to the extent of the scope and breadth permitted by law. Except as otherwise provided in this document, this agreement may be modified, superseded, or voided only upon the written and signed agreement of the Parties. Further, the physical destruction or loss of this document shall not be construed as a modification or termination of the agreement contained herein.

Each party acknowledges that he or she has had an adequate opportunity to read and study this Agreement, to consider it, to consult with attorneys if he or she has so desired. The Parties, by entering into this agreement, submit to jurisdiction in [Transaction. Furthermore, the parties hereby agree that the courts of [Transaction. State] shall have exclusive jurisdiction over any disputes between the parties relative to this agreement, whether said disputes sound in contract, tort, or other areas of the law.

This Agreement shall be interpreted under, and governed by, the laws of the state of [Transaction. Both signing parties acknowledge the acceptance and agreement of all terms conditions and deliverables. Seller and Buyer affix their signatures as follows. Payment The total purchase price to be paid by Buyer to Seller for the vehicle listed is inclusive of all down payments made by Buyer.

Amount] Due to Seller on or before execution of this agreement. Amount] Payments can be made via cash, money order, or with prior approval check made out to seller. When buying or selling a car, make sure a legal and binding contract is issued to finalize and formalize the deal. Lease Purchase Agreement Forms When purchasing vehicles, you will need a Purchase Agreement that legally binds the buyer and the seller.

Our Vehicle Purchase Agreement Forms are free. The templates are free, easy to access, downloadable, and printable for those quick car shopping decisions. The first part of a Vehicle Purchase Agreement should contain the date of the sale and the names of both the buyer and the seller. The second clause of a Purchase Agreement points out the general background of the negotiation made between both parties, wherein the seller states his desire to sell the acquired vehicle to the buyer based on certain terms and agreements.

This portion of the agreement will depend upon what terms and conditions both the seller and buyer have settled upon with regard to the sale and the purchase of the vehicle.

The mode of payment typically indicates the total amount that the vehicle is being paid for.