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Annexure 3 - Agreement To Sale

This document outlines an agreement for the sale of a salvaged or damaged vehicle. It specifies that the seller agrees to sell the vehicle to the purchaser for a specified amount, and the purchaser agrees to purchase the vehicle in cash or by check. The purchaser must transfer registration of the vehicle to their name within 30 days, insure the vehicle at their own cost within 15 days, and will be solely responsible for any claims or fines resulting from accidents or unlawful use after the date of sale. Both parties must sign and provide contact information and photographs to finalize the agreement.

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abhijit
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617 views2 pages

Annexure 3 - Agreement To Sale

This document outlines an agreement for the sale of a salvaged or damaged vehicle. It specifies that the seller agrees to sell the vehicle to the purchaser for a specified amount, and the purchaser agrees to purchase the vehicle in cash or by check. The purchaser must transfer registration of the vehicle to their name within 30 days, insure the vehicle at their own cost within 15 days, and will be solely responsible for any claims or fines resulting from accidents or unlawful use after the date of sale. Both parties must sign and provide contact information and photographs to finalize the agreement.

Uploaded by

abhijit
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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ANNEXURE “3”

(TO BE RETAINED BY INSURED AND COPY TO BE SUBMITTED TO THE INSURANCE


COMPANY AFTER COMPLETION)

(To be executed on Rs. 100 non judicial Stamp Paper duly notarized)

Agreement for Sale of Salvage / Damaged Vehicle

THIS AGREEMENT is made at.............., on………… day of 20……,

Between

Seller (Name and Complete Address)

And

Salvage Buyer (Purchaser) (Name and Complete Address)

IT IS HEREBY SOLEMNLY AGREED AS FOLLOWS: --

1. The seller agrees to sell the vehicle Reg. No. , to the purchaser for
the amount of Rs. /- (Rs. Only)

1. The Purchaser agrees to purchase the said vehicle in cash or issuing single
cheque / DD of the amount agreed.

2. The Purchaser agrees to transfer the vehicle registration in the books of RTO
within 30 days from the date of purchase and will bear the cost of the transfer
fees, which is to be paid to the RTO.

3. The Purchaser will insure the vehicle at his own cost and provide the copy of the
insurance policy to the seller within 15 days of sale/purchase.

4. The Purchaser will not use the vehicle or allow anybody else to misuse the vehicle
for any unlawful act or terrorist activity.

5. That the purchaser will be fully and solely liable and responsible for the any
claim, compensation, fines, which are the outcome of any accident or unlawful
use of the vehicle or any act which is/or would amount to terrorist activity, from
the date of sale/purchase and the seller will not be responsible.
6. In case of any such claim, compensation, fine after the date of sale/purchase, the
purchaser will be solely liable and responsible and will make good the losses at
his own cost.

7. The seller has got the policy cancelled, that the purchaser will take his fresh
insurance policy with immediate effect.

IN WITNESS WHEREOF the parties have put their respective hands the day and year
first hereinabove written.

(Photograph of Owner) (Photograph of Purchaser)

(Signature of Owner) (Signature of Purchaser)

Phone No. Phone No.

Address: Address:

WITNESS :

(Please attach salvage buyer ID - Address proof, Pan Card and Photograph along with this
agreement)

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