2 PG Part Payment Vehicle Agreement

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SALE AGREEMENT

OF VEHICLE

This AGREEMENT of SALE is made and executed here at Karachi


on this _____________ day of ________________________.
BETWEEN
Mr. _______________________ S/O _______________________, Muslim,
Adult, Holder of CNIC No _______________________, Resident of
________________ ____________________________________, hereinafter
Called the “VENDOR” Party of the FIRST PART.
AND
Mr. _______________________ S/O _______________________, Muslim,
Adult, Holder of CNIC No _______________________, Resident of
________________ ____________________________________ Hereinafter
called the “VENDEE” Party of the Second Part.

WITNESSETH AS UNDER: -
Whereas the first party is the sole and absolute owner of a
Vehicle: ______________________, bearing Registration No.
_____________, Make _____________________, Color ___________, Model
____________ Engine No. _________________ Chassis No.
______________ And Horse Power _____________ CC, hereinafter
referred to as the “SAID VEHICLE”

WHEREAS the VENDEE approached to the VENDOR to purchase the


said vehicle for a lump sum Rs. ______________/- (Rupees
___________________________ Only) on the following terms and
conditions:

Continued on Page No. 3


Page No. 3

NOW THEREFORE TERM AND CONDITION IN WITNESSETH AS


UNDER

1. That the VENDEE has paid a sum of Rs. ______________/- (Rupees


___________________________ Only) to the VENDOR as PART
PAYMENT in respect of the above said vehicle and VENDOR
passed a separate receipt as well.

2. That the remaining balance amount of Rs.______________ (Rupees


___________________ _______________________________) will be paid
by the VENDEE to the VENDOR by ________________

3. That the VENDOR will not be responsible for whatever happened


to above mentioned vehicle after the delivery of vehicle which take
place on date ______ Day of ___________________.

4. That at the time of signing of this agreement all responsibility


shall be occurred by the VENDOR.

5. That moreover the VENDOR will not be responsible for any thing
which is mentioned here and also which is not mentioned here in
any case in relation to a vehicle after the delivery of said vehicle
as per according to date and time mentioned above.

6. That at the time of registration and transfer, the VENDOR will co-
operate to the VENDEE and if he fails to perform his duty, then
the agreement will be cancel in this respect and the vendee will
take legal action against the VENDOR.

7. That the VENDOR undertakes that the said vehicle is free from all
sorts of liens, encumbrances, dispute and if any dispute arises
against the said vehicle all responsibility shall be occurred by the
VENDOR.

IN WITNESSES WHEREOF both the parties have signed their


respective hands on ______ Day of ___________________.

______________________________ _____________________________
VENDOR /SELLER VENDEE/PURCHASER
Name: _____________________ Name: _____________________
CNIC No __________________ CNIC No ___________________

WITNESSES:

1. _______________________ 2. __________________________
_________________________ _____________________________
_________________________ _____________________________

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