Legal Plate Letter

LEGAL PLATE LETTER

This Legal Plate Letter (the Letter) is made and entered into by and between Seller Name: and Buyer Name: on Effective Date: . The parties hereby agree as follows.

RECITALS

WHEREAS, Seller is the registered owner of the motor vehicle described as Make: , Model: , Year: , VIN: (the Vehicle), and is the current registrant of License Plate Number: , Plate Type: .

WHEREAS, Seller and Buyer have entered into an agreement for the sale or transfer of the Vehicle on Sale Date: for Sale Price: ; and

WHEREAS, the parties desire to set forth the legal disposition of the license plate associated with the Vehicle and to record their respective obligations and warranties regarding transfer, retention, surrender, and notification to the appropriate motor vehicle authority.

NOW, THEREFORE

In consideration of the mutual covenants set forth herein and other good and valuable consideration, the receipt and sufficiency of which are acknowledged, the parties agree as follows.

1. DISPOSITION OF LICENSE PLATE

The parties select the disposition that accurately reflects their agreement (select one):

Seller retains the license plate and will remove the plate from the Vehicle prior to delivery to Buyer. Seller shall be responsible for notifying the appropriate motor vehicle authority and for any fees associated with retention or transfer of the plate.

Seller transfers the license plate to Buyer at the time of sale. Seller shall execute any documents necessary to effect transfer and shall deliver the plate and any required assignment documentation to Buyer.

License plate will be surrendered to the motor vehicle authority by Seller on or before: .

2. EFFECTIVE DATE

The disposition selected above shall be effective as of Effective Date: , or upon delivery of the Vehicle to Buyer, whichever occurs earlier.

3. SELLER REPRESENTATIONS AND WARRANTIES

Seller represents and warrants that Seller is the lawful registrant and has the full legal right and authority to transfer, retain, or surrender the described license plate, that no other person or entity has any superior claim to the plate, and that the plate is not currently the subject of any unresolved encumbrance, except as specifically disclosed below.

4. BUYER REPRESENTATIONS

If Buyer is to receive the plate, Buyer acknowledges receipt of the plate in its present condition, accepts responsibility for all fees, fines, taxes, or liabilities arising after the Effective Date, and agrees to register the plate under Buyer's name in accordance with applicable law.

5. LIENHOLDER CONSENT

Lienholder Name: . If the Vehicle is encumbered, Seller shall obtain written consent of any secured party prior to effecting transfer or retention of the plate. Lienholder consent obtained:

6. NOTIFICATION AND REGISTRATION

The party responsible for notification to the motor vehicle authority: shall notify the appropriate authority within days of the Effective Date and shall provide confirmation of filing to the other party upon completion.

7. INDEMNIFICATION

Seller agrees to indemnify, defend, and hold Buyer harmless from and against any and all claims, losses, damages, liabilities, costs and expenses (including reasonable attorneys' fees) arising from Seller's failure to remove, transfer, or properly surrender the license plate as required by this Letter or applicable law. Buyer agrees to indemnify Seller for claims arising from Buyer's misuse or failure to register the plate as required after transfer.

8. FEES AND COSTS

Unless otherwise agreed in writing, the party receiving the plate shall be responsible for all costs and fees associated with transfer, registration, replacement, or issuance of any new plate. A record of payment of such fees shall be provided on request.

9. REMEDIES; ATTORNEYS' FEES

The parties agree that a breach of this Letter may cause irreparable harm for which monetary damages would be an inadequate remedy and that the non-breaching party shall be entitled to seek injunctive relief in addition to any other remedies available at law or in equity. The prevailing party in any dispute arising out of this Letter shall be entitled to recover reasonable attorneys' fees and costs.

10. MISCELLANEOUS

Governing Law: This Letter shall be governed by and construed in accordance with the laws of the State of without regard to conflict of law principles.

Entire Agreement: This Letter constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior and contemporaneous agreements and understandings, whether written or oral.

Amendments; Waiver: No amendment or waiver of any provision of this Letter shall be effective unless in writing and signed by both parties. The failure of a party to enforce any provision shall not constitute a waiver of that provision or any other provision.

Severability: If any provision of this Letter is held to be invalid or unenforceable, the remaining provisions shall continue in full force and effect.

Notices: All notices required or permitted under this Letter shall be in writing and shall be delivered to the party at the address set forth below or to such other address as the party may designate in writing. Delivery shall be by personal delivery, nationally recognized overnight courier, or certified mail, return receipt requested.

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