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Commercial Vehicle Attachment Agreement

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COMMERCIAL VEHICLE ATTACHMENT AGREEMENT

__________, of __________ (the "Owner"); and

__________, of __________ (the "Operator").

1. THE VEHICLE AND THE ATTACHMENT

1.2 The Owner remains the registered owner and keeps the RC and the permit. The Vehicle is not sold, pledged or transferred by this Agreement.

2. TERMS FOR THIS KIND OF VEHICLE

3. PAYMENT AND COSTS

3.2 The Operator shall give the Owner a statement of trips, earnings and any deductions with every payment, and the Owner may inspect the records on reasonable notice. Tax, including any GST or TDS the law requires on these payments, is deducted or paid by the party the law makes responsible.

4. INSURANCE, CHALLANS AND ACCIDENTS

4.1 The Owner shall keep a valid commercial insurance policy for the Vehicle, with the cover the law requires for passengers, goods or children as the case may be.

4.2 Challans and fines for acts of the driver or the Operator during a run belong to the party that provided the driver. Challans for a missing or expired paper of the Vehicle belong to the Owner.

4.3 After an accident, theft or damage, the Operator shall at once inform the Owner, the police where the law requires, and the insurer, and the Owner shall make the insurance claim. Neither side shall settle a claim for the other without consent.

5. ENDING THE ATTACHMENT

5.1 Either side may end the attachment early by giving thirty days’ written notice. The Owner may end it at once if payment is more than thirty days late, and the Operator may end it at once if the Vehicle’s papers lapse or the Owner breaks the terms of clause 2.

5.2 On the end of the attachment the Operator shall give the Vehicle back to the Owner at once, remove its own signs and markings, and settle all accounts. Neither side may keep the Vehicle, the RC or the permit against a claim.

5.3 Any dispute shall first be talked through by the two sides. This Agreement is made in two copies, and each side keeps one.

Signed on the date and at the place stated above.

Owner: __________
Signature: ______________________________

Operator: __________
Signature: ______________________________

Witness 1 (name, address, signature): ______________________________

Witness 2 (name, address, signature): ______________________________

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