Btw wanna share a sample of cash sales agreement (2 page) i made with the buyer...


MUTUAL SALES AGREEMENT



This Agreement is dated the 4th day of August, 2012 and entered into between MISS XXXXX (NRIC) XXXX (hereinafter referred to as “the Seller”) and
(hereinafter referred to as “the Buyer”)

which involved the sale of the vehicle, Toyota Vios 1.5G, registered year model 2003 at an agreed price of RM38,500.00 (Thirty Eight Thousand and Five Hundred Ringgit) Chassis No. PN153HY420800XXXX, Engine No.1NZ-X0700XX, Registration Card No. 1140XXX, on agreed terms of “As it is basis”.


NOW IT IS HEREBY agreed by the parties above as follows:

The Seller:

1.0 That the Seller guarantees that the vehicle is free from any financial encumbrances.
2.0 That the Seller has accepted a booking fees of RM500.00 (Five Hundred Ringgit) on 4th August 2012 from the Buyer with the remaining payable in cash on 6th August 2012 by the Buyer.
3.0 That the Buyer will provide original registration card including Surat Pengesahan e-Hakmilik JPJ-FIS upon full settlement of the remaining sum by the Buyer.
4.0 That the Seller agrees to provide necessary co-operation to transfer the ownership of the said vehicle (subject to upon full payment) to the Buyer including providing the original ownership documents of the said vehicle.
5.0 That the Seller will informed its insurance company of this sale and to terminate its insurance coverage of the vehicle as of 7th August 2012.
6.0 That the Seller will not be responsible for any cost or financial risk and liability upon successful handover of the said vehicle to the Buyer.




The Buyer:

1.0 That the Buyer has paid a booking sum of RM500.00 (Five Hundred Ringgit) on 4th August 2012 to the Buyer.
2.0 That the Buyer agrees to make the balance sum of RM38,000.00 (Thirty Eight Thousand Ringgit) on 6th August 2012 in cash to the Seller.
3.0 That the Buyer has inspected the vehicle and agreed to purchase the said vehicle on “.As It Is Basis”.
4.0 That the Buyer will be responsible for insuring the vehicle upon successful acceptance of the vehicle.
5.0 That the Buyer will indemnify the Seller of any risk, liability, losses, encumbrances, any indirect, incidental, special, punitive, exemplary or consequential damages of any kind, nor for any lost profits or revenues upon accepting the ownership of the vehicle.
6.0 That the Buyer is responsible to insured the vehicle immediately upon successful acceptance of the vehicle.






This Agreement and all matters relating to this are governed by the laws of Malaysia. The parties submit to the exclusive jurisdiction of the courts of Malaysia in relation to any matter arising under this Mutual Agreement.

Executed as an agreement

Signed by
The Seller
By
sign here ►
title
print name XXXXXXXX (I/C:XXXX)



Signed by
The Buyer.
By
sign here ►
title
print name

This post has been edited by Scissorshand: Apr 15 2016, 04:06 PM