1. Formation of Contract:
   1.1. Any agreement for the sale of a used car (“Vehicle”) shall be considered binding
   upon both parties upon mutual agreement and signing of this contract.
   1.2. The terms outlined herein constitute the entirety of the agreement between the
   buyer and the seller (“Seller”), and no other terms, verbal or written, shall be considered
   part of this agreement unless expressly agreed upon in writing.
2. Deposit:
   2.1. A deposit of 10% of the total purchase price of the Vehicle shall be required upon
   the signing of this contract. This deposit shall be non-refundable, except as outlined in
   section 3 (Cancellation).
   2.2. The deposit shall serve as a commitment from the buyer (“Buyer”) to purchase the
   Vehicle and shall be deducted from the total purchase price upon completion of the
   sale.
3. Cancellation:
   3.1. In the event of cancellation by the Buyer, the deposit shall be forfeited to the Seller.
   3.2. The Seller reserves the right to cancel this agreement at any time prior to the
   completion of the sale. In such cases, the deposit shall be refunded to the Buyer in full.
   3.3. Cancellation requests must be made in writing and delivered to the Seller within
   [insert number] days of the signing of this contract to be considered valid.
4. Transfer of Ownership:
   4.1. Transfer of ownership of the Vehicle shall occur upon receipt of the full purchase
   price by the Seller.
   4.2. The Seller shall provide all necessary documentation for the transfer of ownership
   to the Buyer upon receipt of the full purchase price.
5. Force Majeure:
   5.1. Neither party shall be liable for any failure or delay in performance under this
   agreement resulting from acts beyond their reasonable control, including but not limited
   to acts of God, war, terrorism, natural disasters, government regulations, or any other
   unforeseen circumstances (“Force Majeure Event”).
   5.2. In the event of a Force Majeure Event, the affected party shall notify the other party
   promptly and make reasonable efforts to resume performance under this agreement as
   soon as practicable.
   5.3. If a Force Majeure Event prevents the completion of the sale for a period exceeding
   [insert number] days, either party may elect to terminate this agreement without penalty.
6. Governing Law:
   6.1. This agreement shall be governed by and construed in accordance with the laws of
   [insert jurisdiction].
   6.2. Any disputes arising out of or in connection with this agreement shall be resolved
   through arbitration in [insert city], in accordance with the rules of the [insert arbitration
   body].
7. Entire Agreement:
   7.1. This agreement constitutes the entire understanding between the parties
   concerning the sale of the Vehicle and supersedes all prior agreements and
   understandings, whether written or oral.
8. Severability:
   8.1. If any provision of this agreement is held to be invalid or unenforceable, the
   remaining provisions shall remain in full force and effect.
9. Amendment:
   9.1. This agreement may only be amended in writing and signed by both parties.
10. Acceptance:
    10.1. By signing below, both parties acknowledge that they have read, understood, and
    agreed to the terms and conditions outlined in this agreement.
    Buyer’s Signature: ____________ Date: _
    Seller’s Signature: _______________ Date: __