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Bike Sale Agreement India

The bike must have a valid insurance certificate covering the period of sale. Once the ownership of the bike has been changed to the owner`s name, make sure that you also change the owner`s name in the insurance certificate. This can be done through a written question in the insurance company. If the insurance goes out, the new owner is required to pay the fine for the time without the insurance, so make sure the vehicle is insured. Make sure that the RC Book is correct and that the engine and chassis number printed in the book matches that of the bike. The name of the owner must also be correct, as soon as the sale is made through the RTO office, the name of the owner is changed to the name of the new buyer. 4. The parties undertake to conclude the sale transaction and to execute the absolute sale to the end. 5. The seller confirms with the buyer that he does not have a purchase, mortgage or exchange agreement with any other person. The documents necessary for the transfer of ownership in the event of a sale To be a valid contract, both the seller and the buyer must sign this contract in due form with the witnesses and execute it on a valid stamp document applicable in the state of performance of this contract. Take the expression of these forms and have it duly completed and signed. And submit it to the RTO to change the owner of the bike.

Form 28 and the Deed of Transmission are not mandatory for the sale/purchase, but Form 29 and Form 30 are mandatory. 2- That I have received the complete and definitive idea of sale of the aforementioned vehicle from the above buyer. Below are other documents that the buyer should receive from the seller when buying a bike. to transfer this agreement for sale to one or more of its persons, whether it is an enterprise, an entity or an association of persons, and the FIRST PARTY does not oppose this. Pending the conclusion of the sale, the FIRST PARTY will not enter into a contract of sale with respect to the property in question or any part thereof, nor may the parties include the arbitration clause in such agreement. In the arbitration proceedings, any dispute that arises between the parties is referred to a neutral third party (“arbitrator”) mutually appointed by both parties. The arbitrator hears both parties and decides the case on the merits. The arbitrator`s decision is final and binding on both parties. .