Free Motorcycle Bill of Sale

Motorcycle Bill of Sale

1. THE PARTIES TO THIS AGREEMENT ARE:

1.1 THE SELLER:

Full Names:

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Identity / Social Security or Other number (Specify):

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Physical Address:

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1.2 THE BUYER:

Full Names:

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Identity / Social Security or Other number (Specify):

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Physical Address:

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The parties choose the above stated addresses as their physical addresses at which legal proceedings may be instituted.

2. THE OBJECT OF THE SALE IS:

Type of Motorcycle:____________________________

Make and Color:________________________________

Model:_________________________ Year___________

Registration Number:___________________________

Vehicle Identification Number (VIN):____________________________

Odometer Reading:____________________________

3. OWNERSHIP & WARRANTY:

3.1 The Seller guarantees that he/she is the true and lawful owner of the above-described motorcycle and that it is free of all encumbrances and any and all legal claims.

3.2 The Seller warrants that at the date of signature of this agreement there are no licensing fees or fines or other penalties outstanding against the registration of the motorcycle sold in terms of this agreement.

3.3 The Seller or his/her agent gives no warranty or guarantee other than those specified in 3.1 and 3.2

4. DISCLAIMER:

4.1 The motorcycle is sold "As-Is" and the seller shall not be liable for any defects, patent, latent or otherwise.

4.2 The Buyer admits having inspected the motorcycle to his/her satisfaction and that no guarantees or warranties of any nature were expressed or implied by the Seller or his/her agent regarding its condition or quality.

5. LEGAL AGE:

The Buyer is of legal age and legally competent to enter into this agreement.

6. TRANSFER OF OWNERSHIP AND COSTS:

6.1 The Parties agree to sign all documents necessary to transfer ownership of the motorcycle from the Seller onto the name of the Buyer within 7 (SEVEN) days of signing this agreement of sale.

6.2 The Buyer shall be liable for all costs relating to the registration of the motorcycle into his/her name and all costs relating to the Roadworthy Certificate.

7. PURCHASE PRICE:

7.1 The Purchase price is the sum of _______

(_________________________________________________________)

7.2 The Purchase price is to be paid in full by bank guaranteed check or in a manner as agreed by both parties (specify) ___________________________________________

7.3 Ownership of the motorcycle will only pass onto the Buyer once the bank honors the check or other legal instrument of payment.

7.4 The motorcycle will only be delivered to the Buyer once payment has been received in full as per 9.3

8. POSSESSION AND TRANSFER OF RISK:

The Risk passes to the Buyer once the Buyer or his/her agent receives the keys to the motorcycle or takes possession of the motorcycle.

9. JURISDICTION:

The parties consent to the jurisdiction of the magistrate's
(other ___________________) court for the district of___________________________

Signed at ______________________on this ______day of _________________20____

SELLER: ______________________________

1. WITNESS____________________________

2. WITNESS____________________________

BUYER: _______________________________

1. WITNESS____________________________

2. WITNESS____________________________

Note: As the seller of a motorcycle you may find a buyer who wants to pay a deposit to secure the sale, with the balance to be paid later. In that case, you can add the following clause to your free motorcycle bill of sale.

10. HOLDING DEPOSIT:

10.1 The Seller acknowledges that a holding deposit in the sum of _____________ was received on _____________20____.

10.2 The Buyer agrees that the balance of the Purchase price in the sum of ________________ must be paid by ______________20____.

10.3 The Parties agree that the Holding Deposit is non-refundable. They further agree that should the balance of the Purchase price not be paid by the date as in 10.2 above, the Buyer will have no further claims to the motorcycle described in 2. and the Seller is relieved of all obligations in respect of this agreement.