Vahana Vilpana Udambadi Karar Malayalam - Summary
The Vehicle Sale Agreement is an essential document that helps prevent future disputes in the sale of a vehicle. This agreement includes vital details about the vehicle itself. Unlike a bill of sale, which is signed and executed when delivering the vehicle, a Vehicle Sale Agreement is made between the seller and buyer before the actual handover of the vehicle. This makes it an important tool for both parties.
Understanding the Vehicle Sale Agreement
The Vehicle Sale Agreement (Agreement) is crucial as it outlines all the terms between the Seller and the Buyer of a vehicle. This agreement can be used for various types of vehicles, whether you want to buy or sell cars, bikes, trucks, or buses. A well-drafted agreement ensures clarity, protecting the interests of both the buyer and the seller.
Vahana Vilpana Udambadi Karar Malayalam
- Price: This section includes the total cost, down payment, commissions, and more.
- Delivery: Important details like the delivery date, location, and additional costs.
- Warranty and Representations of the Seller: This covers warranties regarding the accuracy of the odometer and financial records.
- Buyer Obligations: This lists obligations such as making timely payments and ensuring the accuracy of provided information. Additional obligations can be added if necessary.
This agreement can also include an Arbitration clause. If any disputes arise, they will be referred to a neutral third party called an “Arbitrator.” The Arbitrator will be mutually chosen by both parties and will listen to both sides of the case. Their decision will be final and binding for both the seller and the buyer.
You can easily download the Vahana Vilpana Udambadi Karar Malayalam PDF using the link provided below for your convenience.