Buying or selling a used truck requires careful consideration and legal understanding to avoid unnecessary risks. A complete and accurate used truck sale contract template will protect the rights of both the buyer and the seller. This article provides a detailed guide on the essential contents of a used truck sale contract and a sample template for reference.
Essential Contents of a Used Truck Sale Contract
Information of Participating Parties:
- Full name, date of birth, ID/Citizen ID number, permanent address of the buyer and seller. If the buyer or seller is a business, clearly state the company name, tax identification number, registered address, and legal representative.
Truck Information:
- License plate number, brand, model, year of manufacture, chassis number, engine number, paint color, cylinder capacity, permissible load.
- Vehicle condition: Describe the current condition of the truck in detail, including any defects (if any). For example: engine in good working order, new tires, brake system serviced…
- Vehicle documents: Vehicle registration certificate number, date of issue, issuing authority. Confirm the origin of the vehicle, ensuring it is free from disputes, not pledged or mortgaged.
Price and Payment Method:
- Selling price of the truck (in numbers and words).
- Payment method: Cash, bank transfer, or other forms. Clearly state the payment deadline. For example: 100% payment upon signing the contract, or payment in installments.
- Agreements on ownership transfer costs (if any).
Time, Location, and Method of Vehicle Delivery:
- Time and location of vehicle delivery.
- Method of vehicle delivery: Seller delivers the vehicle at the agreed location, or buyer self-transports.
- Responsibilities of each party in transportation (if any).
Rights and Obligations of Parties:
- The seller is obliged to deliver the vehicle at the agreed time, location, and condition. Ensure the legality of vehicle documents. Assist the buyer in ownership transfer.
- The buyer is obliged to pay fully and on time as agreed. Carry out ownership transfer procedures as prescribed.
Warranty Clause (if any):
- Warranty period, parts covered by warranty.
- Warranty conditions, warranty location.
Dispute Resolution Method:
- Agreement on dispute resolution methods (negotiation, mediation, arbitration, or litigation in court).
Contract Violation Penalty Clause (if any).
Commitments of Parties:
- Commitment to strictly comply with the terms agreed upon in the contract.
- Commitment to take legal responsibility for the information declared.
Conclusion
A used truck sale contract template is an important document to protect the interests of both buyers and sellers. Drafting a contract needs to comply with legal regulations and ensure clarity and transparency. We hope this article has provided you with useful information about used truck sale contract templates. Contact us – Xe Tải Mỹ Đình – for more detailed advice on used trucks and sales procedures.
