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ROAD WARRIOR™
Bicycle Sale Agreement
This agreement made at the day of _____________, 20____ BETWEEN: 1. Mr. ________________________________, of ID No. _______________, Phone No. ________________ residing at ____________________________________, aged ________, hereinafter called “the Bicycle Owner / Seller” of Bicycle ‘Road Warrior’ (which expression shall, unless it be repugnant to the context or meaning thereof, include their respective heirs, executors, administration and assigns) of the ONE PART AND 2. Mr. _________________________________, of ID No. ______________, Phone No. _______________ residing at _____________________________, aged ________, hereinafter called “the Buyer” (which expression shall, unless it be repugnant to the context or meaning thereof include his/her heirs, executors and/or administrators and assigns) of the OTHER PART
WHEREAS The Seller has the absolute ownership with all rights of ownership and possession with / without any liability on Bicycle Branded ____________________ Effective from ___/____/____ for value consideration as per mutual consent of Kshs. _____________________________ ( ____________________ only) in form of cash payment, seller has agreed to sell, convey and transfers the Bicycle described into the buyer by handing over Original RC, All Original Keys, Bank Documents (if any) and any other documents pertaining to the transfer of the Bicycle with signed RTO Forms. The seller understands that he transfers the sole right of ownership of the Bicycle referred into the buyer to be used at sole discretion of the buyer at his own will. The buyer takes the full ownership of the Bicycle (Mountain Bike Branded) ________________________ and consents to complete all transfer formalities to transfer Bicycle in RTO, Insurance in his name on the earliest basis. The Buyer Consents that he has taken the delivery of the Bicycle and consents to be in possession of all material papers and documents pertaining to the Bicycle. Buyer understands that all responsibilities, RTO and other penalties, risks associated after date and time of executing this agreement will be his responsibility. Seller also understands that all responsibilities, RTO and other penalties, risks associated before date and time of executing this agreement will be his responsibility.
