Sale Agreement of Moveable Property Subject to Debt

This Agreement is concluded between the Seller and the Buyer. The property that is being sold is subject to debt. The Buyer and the Seller agree that in respect of the debt they shall apply to the creditor for the substitution of the Buyer in place of the Seller and that they shall execute any instrument which may be necessary to achieve such substitution. Until such substitution is achieved, the Buyer warrants that he will pay all installments due under the debt and that he will indemnify and hold the Seller harmless from any claim arising from any failure by the Buyer to pay off this debt.
Commonly used in country/region: EU, Internationally

  • Format: application/msword
  • Languages: EN
  • Pages: 1
  • Category: Agreements & Contracts
  • Last Updated: 2018-11-26 16:32:35 +0200

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