MOTOR VEHICLE SALE AGREEMENT

Concluded on ______ in ______ between:

1. ______ (full name), personal ID number or passport number ______, residing in ______, street ______ number ______ (hereinafter: the seller), and

2. ______ (full name), personal ID number or passport number ______, with residence or stay in ______, street ______ number ______ (hereinafter: the buyer).

Article 1. Subject of the agreement
(1) The seller sells and the buyer buys the motor vehicle: make ______, model ______, vehicle type ______, year of manufacture ______, chassis number (VIN) ______, engine number ______, colour ______, registration number ______, registration certificate number ______, odometer reading ______ km (hereinafter: the vehicle).
(2) The seller undertakes to transfer ownership of the vehicle to the buyer and to hand it over for that purpose, and the buyer undertakes to pay the price and take over the vehicle.

Article 2. Price and payment
(1) The price of the vehicle is ______ € (in words: ______ euros) and corresponds to the market value of the vehicle at the time the agreement is concluded.
(2) The buyer pays the price (circle one): a) in full on signing the agreement; b) the amount of ______ € on signing the agreement and the remaining ______ € no later than ______; to the seller's account number ______ at ______ or in cash against a written receipt.
(3) The buyer owes statutory default interest on any amount not paid on time. By signing this agreement the seller confirms receipt of the amount paid on signing.

Article 3. Handover, ownership and risk
(1) The seller hands the vehicle over to the buyer on ______ at ______ hours, at ______ (place of handover).
(2) Together with the vehicle the seller hands over to the buyer the registration certificate, the compulsory insurance policy, the service book and the other vehicle documents in the seller's possession, ______ keys and the following equipment: ______.
(3) On handover of the vehicle, ownership and the risk of accidental loss of or damage to the vehicle pass to the buyer. If the price is not paid in full on signing, the vehicle is handed over (circle one): a) on signing the agreement; b) only once the price has been paid in full.

Article 4. Condition of the vehicle and material defects
(1) The seller declares: a) that the seller knows of the following defects and damage to the vehicle (if there are none, write: none): ______; b) that the vehicle has been involved in the following road accidents (if it has not, write: none): ______; c) that, to the seller's knowledge, the odometer reading corresponds to the kilometres actually driven.
(2) The buyer inspected the vehicle before signing the agreement, in the presence of the seller, and takes it over in the condition it is in at the moment of handover, with the following objections to visible defects: ______.
(3) For hidden defects the seller is liable (circle one): a) in accordance with the law: the buyer notifies the seller of a hidden defect within 8 days of discovering it, and the seller is not liable for defects that appear after 6 months from the handover of the vehicle; b) for defects that appear within ______ months of the handover of the vehicle; c) not at all: the vehicle is sold as seen and the seller's liability for material defects is excluded.
(4) A limitation or exclusion of liability under paragraph 3 of this article has no effect for defects the seller knew of and did not disclose to the buyer.

Article 5. Third-party rights
(1) The seller declares that the seller is the sole owner of the vehicle and that there is no pledge, leasing, prohibition on disposal or other third-party right over the vehicle.
(2) If a third party claims a right over the vehicle of which the buyer was not informed, the buyer notifies the seller and calls on the seller to free the vehicle from that right within a reasonable time; if the seller does not do so, the buyer may terminate the agreement or demand a price reduction, together with damages, in accordance with the law.

Article 6. Tax and costs
(1) The tax on sales of used motor vehicles is paid by the buyer, in accordance with the law. The buyer files the request for assessment of the tax with the administrative authority responsible for taxes within 15 days of the purchase, together with a copy of this agreement.
(2) The cost of certifying the signatures is borne by (circle one): a) the buyer; b) the seller; c) both parties in equal shares.
(3) The costs of technical inspection, registration and insurance of the vehicle after handover are borne by the buyer.

Article 7. Registration and obligations after handover
(1) The buyer undertakes to register the vehicle in the buyer's name with the Ministry of the Interior after paying the tax, and no later than ______ days after the handover of the vehicle.
(2) Until the vehicle is registered in the buyer's name, the buyer is liable to the seller for fines, road tolls, parking charges and damage arising from use of the vehicle from the moment of handover.
(3) The compulsory insurance policy passes to the buyer until the end of the current insurance period, in accordance with the law, and the seller notifies the insurer of the sale.

Article 8. Final provisions
(1) Matters not regulated by this agreement are governed by the Law on Obligations.
(2) The signatures of the parties are certified by a notary or another authority competent for certification.
(3) The parties will try to settle disputes under this agreement amicably; otherwise the dispute is decided by the competent court in ______.
(4) The agreement is made in ______ identical copies, of which each party keeps ______.
(5) If the agreement is also made in another language, the Montenegrin text prevails in case of any difference.


SELLER                              BUYER
______________________________      ______________________________