Memorandum Of Agreement Entered Into By And Between printable pdf download

Memorandum Of Agreement Entered Into By And Between

MEMORANDUM OF AGREEMENT

ENTERED INTO BY AND BETWEEN

ID Number: _____________________________

Address: ________________________________________

(hereinafter referred to as the “Seller”)

AND

ID Number: _____________________________

Address: ________________________________________

(hereinafter referred to as the “Buyer”)

WHEREAS the seller is the owner of the horse as detailed in Annexure “A” hereto (hereinafter

referred to as the “HORSE”) ;

AND WHEREAS the BUYER wishes to purchase the HORSE;

AND WHEREAS the SELLER wishes to accept the BUYER’s offer on certain terms and conditions as set

out herein;

AND WHEREAS the parties have reached agreement governing the purchase of the HORSE and wish to

reduce the agreement to writing ;

NOW THEREFORE THE PARTIES AGREE AS FOLLOWS:

PURCHASE

The BUYER hereby purchases the HORSE from the SELLER, who hereby sells the HORSE to the BUYER,

subject to the conditions contained herein;

WARRANTY, RISK and PAYMENT

2.1

The purchase price payable in respect of the HORSE is R ____________ (Rand

__________________), which payment shall be effected in one instalment, received by the

SELLER prior to the removal of the HORSE from the possession of the SELLER. In the event

that payment is to be effected through a bank transfer or cheque, such payment will not be

deemed to be received by the SELLER until such time as such payment is cleared into the

SELLER’s bank account;

2.2

The BUYER will be responsible for any other costs associated with the purchase of the HORSE

including but not limited to any transport costs, vetting costs and any other costs directly

associated with the sale of the HORSE;

2.3

All risk in and rights to the HORSE shall pass from the SELLER to the BUYER from the date of

the receipt of payment by the SELLER;

2.4

The SELLER makes no representations and gives no warranties or guarantees as to the medical

condition or capabilities of the HORSE, other than as recorded in this agreement. The onus is

on the BUYER to satisfy him/her self as to the condition of the HORSE and its ability.

Memorandum Of Agreement Entered Into By And Between