Motor Vehicle Sale Agreement Kenya Doc

If you`re looking to buy or sell a motor vehicle in Kenya, it`s important to have a sale agreement in place to protect both parties involved. This document serves as a contract that outlines the terms and conditions of the sale, including the price, payment method, and any warranties or guarantees.

When drafting a motor vehicle sale agreement in Kenya, there are a few key elements that should be included:

1. Parties involved: The sale agreement should clearly state the names and addresses of both the buyer and the seller.

2. Vehicle details: The make, model, year, and VIN (vehicle identification number) of the vehicle being sold should be included.

3. Purchase price: The sale agreement should state the agreed-upon purchase price of the vehicle, as well as the currency in which the payment will be made.

4. Payment method: The document should outline the payment method, such as cash, check, or bank transfer, and include any details regarding payment deadlines or installment plans.

5. Condition of the vehicle: The sale agreement should state the current condition of the vehicle, including any known defects or issues.

6. Warranties and guarantees: If there are any warranties or guarantees provided by the seller, such as a warranty on the engine or transmission, these should be included in the agreement.

7. Transfer of ownership: The document should state when ownership of the vehicle will transfer from the seller to the buyer.

Once the sale agreement has been drafted, both parties should review and sign it in the presence of a witness. It`s also a good idea to have the document notarized to ensure its validity.

Having a sale agreement in place can help protect both the buyer and the seller in case of any disputes or misunderstandings down the road. It`s essential to ensure that the agreement is legally binding and compliant with any relevant laws and regulations in Kenya.

In conclusion, a motor vehicle sale agreement is a crucial document when buying or selling a car in Kenya. It helps to ensure that all parties involved are protected and aware of the terms and conditions of the sale. Be sure to include all necessary details, such as the purchase price, payment method, and condition of the vehicle, and have the document signed and notarized for legality.

Just Eat Grubhub Merger Agreement

Just Eat and Grubhub – A Merger Agreement Made in the Food Delivery Industry

The world of food delivery underwent a significant change with the merger agreement between two of the biggest players in the industry – Just Eat and Grubhub. The announcement of the merger agreement came as a surprise to many, with both companies having their own respective strengths and market presence. However, the decision to come together was seen as a strategic move to create a global leader in the industry.

Just Eat, a British online food delivery platform, has a presence in over 20 countries worldwide and has been in the business for over 20 years. On the other hand, Grubhub, an American company, has a significant presence in the US market and has been in the business for over a decade. The merger agreement would create a company with a combined market value of approximately $7 billion, with a significant presence in the UK, US, Canada, and Australia.

The merger agreement between Just Eat and Grubhub is expected to bring various benefits to both companies. With the merger, Just Eat will be able to expand its market presence in the US, where it has had limited success. Grubhub, on the other hand, will be able to leverage Just Eat`s global network and grow its presence in other countries. The combined company would become the world`s largest food delivery company outside China, with an expected 70 million active users and over 300,000 restaurant partners.

The merger agreement also brings significant opportunities for the food delivery industry as a whole. It is expected to create healthy competition and drive innovation in the industry. The combined company would have the resources to invest in new technologies to improve the food delivery experience for customers, such as drone and robot deliveries.

However, the merger agreement has also faced some criticism. Some industry experts have expressed concerns about the impact on restaurants and small businesses. The combined company would have significant bargaining power over restaurants and may result in increased commission fees.

Overall, the Just Eat Grubhub merger agreement is a significant development in the food delivery industry. With the creation of a global leader, the industry is expected to see increased competition and innovation. However, it remains to be seen how the merger will impact restaurants and small businesses in the long run.

Arbitration Agreement Illusory

Arbitration Agreement Illusory: What It Means and Its Impact on You

An arbitration agreement is a contract between two parties that requires any disputes to be resolved through arbitration, rather than going to court. While arbitration is often seen as a quicker and less expensive alternative to litigation, an arbitration agreement can become illusory if it lacks certain essential components, leaving one party with little to no recourse.

An illusory arbitration agreement is one that appears to require arbitration, but in reality, it gives one party the power to avoid arbitration altogether. This can occur in a few different ways. For example, the agreement may give one party the unilateral right to change the arbitration terms, such as the location or the arbitrator, without the other party`s consent. Alternatively, the agreement may allow one party to opt-out of arbitration entirely, rendering the agreement meaningless.

The impact of an illusory arbitration agreement can be significant. The party with the power to avoid arbitration may prefer to take the dispute to court, which can be much more time-consuming and expensive. Additionally, the party with the weaker bargaining position may feel coerced into accepting the illusory agreement, as they may be afraid of losing the contract altogether.

As a consumer, you may encounter an illusory arbitration agreement in a variety of contexts, such as employment contracts, consumer contracts, and even credit card agreements. When signing any contract, it is essential to read it carefully and understand the terms. Look for any clauses that may give one party an unfair advantage or limit your ability to seek redress in the event of a dispute.

If you believe that an arbitration agreement is illusory or unfair, you may want to consult with an attorney. Depending on the circumstances, you may be able to challenge the validity of the agreement in court or negotiate more favorable terms with the other party.

In conclusion, an arbitration agreement can be an effective tool for dispute resolution, but only if it is fair and enforceable. An illusory arbitration agreement can leave one party without a viable means of resolving a dispute and can be a significant disadvantage to consumers and employees. If you encounter such an agreement, take the time to carefully review the terms and understand your options.