STANDARD SALE AGREEMENT
STANDARD SALE AGREEMENT
STANDARD SALE AGREEMENT
BETWEEN
MR TUGUME HERBERT
AND
MRS IGAZZAH ANGELLA
BETWEEN
AND
RECITALS:
WHEREAS the Vendor is the lawful owner of land situate in Rwenjeru North Cell
Rwenjeru Ward, Mbarara North Division Measuring 0.1944ha (herein after
referred to as the Property);
WHEREAS the Vendor is willing to sell the Property to the Purchaser and;
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NOW THEREFORE THE PARTIES AGREE AND THIS AGREEMENT
WITNESSETH as follows:
3. The Vendor undertakes to hand over to the Purchaser all the documents
necessary to transfer the property into the purchaser’s names.
4. The Purchaser shall pay all costs, fee and taxes/government charges
needed to transfer the property into his names.
(ii) The Purchaser has carried out all the necessary due diligence and has
confirmed the boundaries of the property.
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1. The Vendor hereby guarantees that he is the rightful owner of the Property
and further that his claim to the property is genuine and there are no legal
impediments whatsoever, preventing the Vendor from selling and
transferring the Property into the Purchaser’s names or entering into this
contract.
2. The Vendor hereby confirms that there are no adverse claims or third party
interest relating to the property.
3. The Vendor hereby guarantees that he has passed good title to the
Purchaser and ownership of the property shall pass to the purchaser
immediately upon execution of this agreement.
F. VACANT POSSESSION:
The vendor undertakes to offer the purchaser vacant possession upon
execution of this agreement.
K. LEGAL FEES:
The Parties shall each pay their own lawyer’s legal fees for drafting this
agreement.
L. LOCAL AUTHORITIES:
The Vendor undertakes to introduce the Purchaser to the Area Local Authority
(Local Council or L.C 1) as the new owner of the property at an agreed time after
execution of this agreement.
M. ENTIRE AGREEMENT:
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This contract constitutes the entire Agreement between the parties in respect to
the Property and in relation thereto supersedes all prior discussions,
understandings and agreements between the parties and all prior
representations and expressions of opinion by any party or its agent to any
other party or its agent.
N. SEVERABILITY:
O. DISPUTE RESOLUTION:
(i) The Parties agree that should any dispute arise between the Parties in
connection with this Agreement or its subject matter, which cannot be
resolved amicably by the Parties, the Parties and or their legal
representatives or successors in title will promptly meet to consider
whether there is a possibility of resolution by mediation or conciliation.
(ii) The parties further agree that should any dispute remain unresolved
for 14 days from the date of any attempted negotiations and or upon
failure of mediation, whichever is earlier, the said dispute shall be
referred for arbitration, under the laws of Uganda governing
Arbitrations obtaining at the time of such dispute and the place of
Arbitration shall be Kampala - Uganda.
This agreement shall be governed by and construed in accordance with the laws
of Uganda.
Q. MISCELLANEOUS:
ii. A waiver by any party shall not disentitle any party to any of the rights
accruing to that party in this agreement or under the law.
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IN WITNESS WHEREOF the parties hereto have executed/signed these
presents the day, month and year first above written.
PURCHASER
WITNESSED BY:
1. ……………………………………………. ………………………………….
2. ……………………………………………. …………………………………...
3. .....................................................................
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4. ......................................................................
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5. .......................................................................
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ADVOCATE
Drawn by:
M/S KAGANZI & CO. ADVOCATES
P.O BOX 816
MBARARA.
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