Motorcycle Bill of Sale
1. THE PARTIES TO
THIS AGREEMENT ARE:
1.1
THE SELLER:
FirstName(s):
Surname:
Identity / Social Security or Other number (Specify):
Physical Address:
1.2 THE BUYER:
First Name(s):
Surname:
Identity / Social Security or Other number (Specify):
Physical Address:
The parties choose the above stated
addresses as their physical addresses at which legal proceedings may be
instituted.
2. THE OBJECT OF
THE SALE IS:
2.1
Type of Motorcycle:
2.2 Make and Color:
2.3 Model:
2.4 Year:
2.5 Registration Number:
2.6 Vehicle Identification Number (VIN):
2.7 Odometer Reading:
3. OWNERSHIP:
3.1 The Seller guarantees that he/she is the true and lawful
owner of the above-described motorcycle and that it is free of all encumbrances
and any and all legal claims.
4. WARRANTY:
4.1 The Seller warrants that at the date of signature of this
agreement there are no licensing fees or fines or other penalties outstanding
against the registration of the motorcycle sold in terms of this agreement.
5. NO WARRANTIES
OR GUARANTEES:
5.1 The Seller or his/her agent gives no warranty or
guarantee other than those specified in 3.1 and 4.1
6. DISCLAIMER:
6.1 The motorcycle is sold "As-Is" and the seller
shall not be liable for any defects, patent, latent or otherwise.
6.2 The Buyer admits having inspected the motorcycle to
his/her satisfaction and that no guarantees or warranties of any nature were
expressed or implied by the Seller or his/her agent regarding its condition or
quality.
7. LEGAL AGE:
7.1 The Buyer is of legal age and legally competent to enter
into this agreement.
8. TRANSFER OF
OWNERSHIP AND COSTS:
8.1 The Parties agree to sign all documents necessary to
transfer ownership of the motorcycle from the Seller onto the name of the Buyer
within 7 (SEVEN) days of signing this agreement of sale.
8.2 The Buyer shall be liable for all costs relating to the
registration of the motorcycle into his/her name and all costs relating to the
Roadworthy Certificate.
9. PURCHASE PRICE:
9.1 The Purchase price is the sum of ______________________
(_________________________________________________________)
9.2 The Purchase price is to be paid in full by bank
guaranteed check or in a manner as agreed by both parties (specify)
___________________________________________
9.3 Ownership of the motorcycle will only pass onto the Buyer
once the bank honors the check or other legal instrument of payment.
9.4 The motorcycle will only be delivered to the Buyer once
payment has been received in full as per 9.3
10. POSSESSION AND
TRANSFER OF RISK:
10.1 The Risk passes to the Buyer once the Buyer or his/her
agent receives the keys to the motorcycle or takes possession of the
motorcycle.
11. JURISDICTION:
11.1 The parties consent to the jurisdiction of the
magistrate's
(other ________________________) court for the
district of
__________________________________
Signed at ______________________on
this ______day of _________________20____
SELLER: ______________________________
1.
WITNESS____________________________
2.
WITNESS ____________________________
BUYER: _______________________________
1.
WITNESS____________________________
2.
WITNESS ____________________________
Note: As the seller of a motorcycle you may find a buyer who
wants to pay a deposit to secure the sale, with the balance to be paid later.
In that case, you can add the following clause to your free motorcycle bill of
sale.
12. HOLDING DEPOSIT:
12.1 The Seller acknowledges that a
holding deposit in the sum of _____________ was received on
_____________20____.
12.2 The Buyer agrees that the
balance of the Purchase price in the sum of ________________ must be paid by
______________20____.
12.3 The Parties agree that the
Holding Deposit is non-refundable. They further agree that should the balance
of the Purchase price not be paid by the date as in 12.2 above, the Buyer will
have no further claims to the motorcycle described in 2. and
the Seller is relieved of all obligations in respect of this agreement.
