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    Indemnity Vehicle Sale Agreement - BOND FORMAT-1

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    naveenlodhi2003

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    Indemnity Vehicle Sale Agreement - BOND FORMAT-1

    Uploaded by

    naveenlodhi2003
    36 views3 pages

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    © © All Rights Reserved

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    Download as docx, pdf, or txt
    36 views3 pages

    Indemnity Vehicle Sale Agreement - BOND FORMAT-1

    Uploaded by

    naveenlodhi2003

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
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    INDEMNITY BOND

    MYSELF ……………………………………………………………………………………………………………………… ….
    …………………………………………………………………………………………………………………………………………
    …………………………………………………………………
    Giving undertaking on Day of 2022 to MANAPPURAM FINANCE LTD, hereinafter called “The COMPANY”
    (which expression shall include its successors and assigns)

    Whereas I have purchased the vehicle(s)/ equipment(s) (herein after referred to as Asset -
    registered in the name of ( CUSTOMER NAME ) which has been repossessed by them during the course of their
    business and whereas the buyer has inspected the Asset(s) and its/their related papers and has agreed and accepted
    expressly to purchase the said Asset(s) more particularly described hereunder. The description of the said Asset(s)
    and its/their prices agreed are as under-
    Registration No: ………………………..…………..
    Agreement No: ………………………..…………..
    Manufacturer: ………………………..……………
    Customer Name: ………………………..………..
    Model Regd.: ………………………..……………
    Price: ………………………..…………………….
    THIS INDEMNITY BOND WITNESSETH AS UNDER FOLLOWING POINT TO BE CONSIDER:

    1.
    The seller has sold and the buyer has bought the described said Asset(s) for a total consideration of
    Rs. .………………….…………………………

    2.
    The consideration of the vehicle/s has been arrived at by taking into account the condition of the
    vehicle/s, the liabilities attached with it and the position and the availability of title documents.

    3.
    It is also agreed upon between the seller and the buyer that :

    a) All payments should be made by way of cash/Demand Draft drawn /RTGS / NEFT in
    favour of MANAPPURAM FINANCE LTD and payable at .

    b) The said Asset(s) is sold on “as is where is” basis only.

    c) All expenses pertaining to assembly, disassembly, loading, unloading and packing and all
    such expenses required to be incurred to take delivery of the said Asset(s) and any such
    subsequent expenses required to be incurred after taking delivery will be borne by the buyer
    alone.

    d) The seller has not given any warranties or guarantees pertaining to the quality,
    performance or contents of the said Asset(s). The said Asset(s) has been inspected and
    taken delivery by the buyer at their sole discretion and judgment. No claims with respect
    to the Asset(s) shall be entertained by the seller.

    e) Any other legal charges, claims, government levies, taxes, duties, etc. (past, present and
    future) against the said Asset(s) shall be borne by the buyer.

    f) All RTO formalities transfer and NOC’s shall be done by the buyer and at the cost and
    consequences of the buyer.

    g) Any liability arising out of the sale at a future date shall be to the cost and consequence of
    the buyer.

    h) Any sales-tax/income tax or any tax, penalties to be paid on this transaction of sale now or
    at a later date shall be the absolute responsibility of the buyer.

    i) Any stamp duty payable on this transaction shall be borne and paid by buyer

    4.
    The exclusive jurisdiction for any suit relating to the above sale shall be in MUMBAI only.
    IN WITNESS WHEREOF the parties hereto have hereunto set and subscribed their hand, on the
    day and year mentioned hereinbefore and bind themselves, their heirs, successors and
    administrators and assigns.

    SIGNED SEALED AND DELIVERED BY

    The Buyer Signature


    ( ………………………..………………………..…)

    In the presence of
    Signature :
    Name :

    Address :

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