7- That I have today given the original/RC documents to these buyers, i.e. on dated ____ 3- That I have today, that is to say at the _____at ___ hand over the physical possession/delivery of the vehicle in question to the buyer in question. 2- That I have received the complete and definitive idea of sale of the aforementioned vehicle from the above buyer. Take the expression of these forms and have it duly completed and signed. And submit it to the RTO to change the owner of the bike. Form 28 and the Deed of Transmission are not mandatory for the sale/purchase, but Form 29 and Form 30 are mandatory. The parties may include the arbitration clause in this Agreement. In the arbitration proceedings, any dispute that arises between the parties is referred to a neutral third party («arbitrator») mutually appointed by both parties. The arbitrator hears both parties and decides the case on the merits. The arbitrator`s decision is final and binding on both parties.
The bike must have a valid order receipt. Today, most vehicles have paid a lifetime tax, which is usually for fifteen years [varies from state to state] Make sure the RC Book is correct and that the engine and chassis number printed in the book matches that of the bike. The name of the owner must also be correct, as soon as the sale is made through the RTO office, the name of the owner is changed to the name of the new buyer. To be a valid contract, both seller and buyer must sign this contract in due form with witnesses and execute it on a valid stamp document, in accordance with the state of performance of this agreement. Documents necessary for the transfer of ownership in case of sale The contract of sale of vehicle is different from the contract of sale. The sales contract is a document that is executed at the time of the actual delivery of the vehicle. On the other hand, the contract for the sale of vehicles is a contract concluded between the parties before the actual delivery of the vehicle. . . .