THIS AGREEMENT for the Sale of Goods is made and effective on this ……day of …………, 2014, by and between:
Whereas the Seller desires to sell to the Buyer, and the Buyer desires to purchase from the Seller, certain tangible personal property at a purchaser price but subject to the terms and conditions hereinafter appearing.
THEREFORE, in consideration of the mutual promises herein contained, the parties hereto agree as follows:
1 The Seller agrees to sell, transfer and convey to the Buyer, and the Buyer agrees to purchase the following tangible personal property namely, a motorcycle specifically defined as ………….. (hereinafter referred to as “the Goods”) with all the rights, title, interest, and benefit of the said property free from any encumbrances, liens, and whatsoever claims from any third party.
2 In consideration of the Seller agreeing to sell and convey the Goods to the Buyer, the Buyer shall pay to the Seller the sum of ……….. (Ringgit Malaysia …………….. Only) (hereinafter referred to as “the Price”) either
a) wholly in cash; or
b) to pay all monthly installments of a hire-purchase sum equivalent to the Price above-mentioned with any bank or financial institution agreed to be paid by the Seller as part of the purchase price secured by the Seller for the purchase of a ……………, notwithstanding the said hire-purchase is under the name of the Seller or his nominee, and agree to be bound and observe all such terms and conditions durations, interest, including late charges accrued thereunder until the said loan sum is satisfied in full.
3 The sale of the Goods is subject to the following conditions:
a) it is sold “AS IS” condition, and the Seller makes no warranty, whether express or implied, of quality, merchantability, fitness for particular purpose or of any kind to the Buyer; and
b) the Buyer acknowledges that he has not been induced by any statements or representations of the Seller and/or any person with respect to the quality or condition of the Goods and that no such statements or representations have been made. The Buyer acknowledges that he has relied solely on the investigations, examinations, and inspections as the Buyer has chosen to make and that the Seller has afforded the Buyer the opportunity for full and complete investigations, examinations, and inspections for the purposes aforesaid.
4 The Seller shall deliver the Goods to the Buyer at any appropriate delivery date to be fixed and agreed by the parties. Upon delivery by the Seller and acceptance by the Buyer, the risk of loss of the Goods shall pass wholly to the Buyer. Transfer of title, registration and full ownership rights in The Goods shall then be affected or caused to be affected by the Seller unto the name of the Buyer or his nomine free of any encumbrances, liens, and whatsoever claims from any third party with the appropriate Registry Authority as soon as may reasonable be practicable notwithstanding the Buyer has not yet settled or deemed to settle in full the hire-purchase to the Bank or financial institution if in the event the Buyer chooses to pay by way of installments as provided in Clause 2(b) above-mentioned.
5 This Agreement shall become effective and in full force from the date of this Agreement.
6 Time wherever mentioned shall be the essence of this Agreement.
7 Any notice required by this Agreement or given in connection with it, shall be in writing and shall be given to the appropriate party by personal delivery or any recognized over night delivery services or under ordinary post to he last known addresses, namely;
9 The terms and conditions set forth herein constitute the entire agreement between the parties and supersede any communications or previous agreements with respect to the subject matter of this Agreement. There are no written or oral understandings directly or indirectly related to this Agreement that are not set forth herein. No change can be made to this Agreement other than in writing and signed by both parties/ If any term of this Agreement is held by a court of competent jurisdiction to be invalid or unenforceable, then this Agreement, including all of the remaining terms, will remain in full force and effect as if such invalid or unenforceable term had never been included.
10 This Agreement shall be construed and enforced according to the laws of Malaysia and any dispute under this Agreement shall be brought in this venue and no other.
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first written above.
Signed by ]
name ]
(ic no) ]
In the presence of: ]
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(name and nric no. of witness)
Signed by ]
name ]
(ic no) ]
In the presence of: ]
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(name and nric no. of witness)
- name (ic no.) of address (hereinafter called “the Seller”) of the one part, and
- name (ic no.) of address (hereinafter called “the Buyer”) of the other part.
Whereas the Seller desires to sell to the Buyer, and the Buyer desires to purchase from the Seller, certain tangible personal property at a purchaser price but subject to the terms and conditions hereinafter appearing.
THEREFORE, in consideration of the mutual promises herein contained, the parties hereto agree as follows:
1 The Seller agrees to sell, transfer and convey to the Buyer, and the Buyer agrees to purchase the following tangible personal property namely, a motorcycle specifically defined as ………….. (hereinafter referred to as “the Goods”) with all the rights, title, interest, and benefit of the said property free from any encumbrances, liens, and whatsoever claims from any third party.
2 In consideration of the Seller agreeing to sell and convey the Goods to the Buyer, the Buyer shall pay to the Seller the sum of ……….. (Ringgit Malaysia …………….. Only) (hereinafter referred to as “the Price”) either
a) wholly in cash; or
b) to pay all monthly installments of a hire-purchase sum equivalent to the Price above-mentioned with any bank or financial institution agreed to be paid by the Seller as part of the purchase price secured by the Seller for the purchase of a ……………, notwithstanding the said hire-purchase is under the name of the Seller or his nominee, and agree to be bound and observe all such terms and conditions durations, interest, including late charges accrued thereunder until the said loan sum is satisfied in full.
3 The sale of the Goods is subject to the following conditions:
a) it is sold “AS IS” condition, and the Seller makes no warranty, whether express or implied, of quality, merchantability, fitness for particular purpose or of any kind to the Buyer; and
b) the Buyer acknowledges that he has not been induced by any statements or representations of the Seller and/or any person with respect to the quality or condition of the Goods and that no such statements or representations have been made. The Buyer acknowledges that he has relied solely on the investigations, examinations, and inspections as the Buyer has chosen to make and that the Seller has afforded the Buyer the opportunity for full and complete investigations, examinations, and inspections for the purposes aforesaid.
4 The Seller shall deliver the Goods to the Buyer at any appropriate delivery date to be fixed and agreed by the parties. Upon delivery by the Seller and acceptance by the Buyer, the risk of loss of the Goods shall pass wholly to the Buyer. Transfer of title, registration and full ownership rights in The Goods shall then be affected or caused to be affected by the Seller unto the name of the Buyer or his nomine free of any encumbrances, liens, and whatsoever claims from any third party with the appropriate Registry Authority as soon as may reasonable be practicable notwithstanding the Buyer has not yet settled or deemed to settle in full the hire-purchase to the Bank or financial institution if in the event the Buyer chooses to pay by way of installments as provided in Clause 2(b) above-mentioned.
5 This Agreement shall become effective and in full force from the date of this Agreement.
6 Time wherever mentioned shall be the essence of this Agreement.
7 Any notice required by this Agreement or given in connection with it, shall be in writing and shall be given to the appropriate party by personal delivery or any recognized over night delivery services or under ordinary post to he last known addresses, namely;
- If to the Seller: address.
- If to the Buyer: address.
9 The terms and conditions set forth herein constitute the entire agreement between the parties and supersede any communications or previous agreements with respect to the subject matter of this Agreement. There are no written or oral understandings directly or indirectly related to this Agreement that are not set forth herein. No change can be made to this Agreement other than in writing and signed by both parties/ If any term of this Agreement is held by a court of competent jurisdiction to be invalid or unenforceable, then this Agreement, including all of the remaining terms, will remain in full force and effect as if such invalid or unenforceable term had never been included.
10 This Agreement shall be construed and enforced according to the laws of Malaysia and any dispute under this Agreement shall be brought in this venue and no other.
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first written above.
Signed by ]
name ]
(ic no) ]
In the presence of: ]
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(name and nric no. of witness)
Signed by ]
name ]
(ic no) ]
In the presence of: ]
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(name and nric no. of witness)
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