ELECTRIC SCOOTER PURCHASE AGREEMENT
This Agreement is made between WILSON EBIKES LLC, a limited liability company ("Seller"), and ("Buyer").
PURCHASE OF ELECTRIC SCOOTER
Seller agrees to sell, and Buyer agrees to purchase, one (1) TEVERUN FIGHTER SUPREME 7260R ELECTRIC SCOOTER (the "Scooter").
PURCHASE PRICE AND PAYMENT TERMS
The total purchase price for the Scooter is $4,990.00. Buyer elects to purchase the Scooter under Seller's "Buy Now Pay Later" payment plan, subject to the following terms:
Total Payments: $4,990.00 (ex. tax)
Down Payment: $1,746.50, (ex. tax) due upon execution of this Agreement.
Installments: The remaining balance of $3,243.50 (ex. tax) shall be paid in consecutive monthly installments of $100.00 (ex. tax) each month until the remaining balance is paid in full.
Payment Method: Payments shall be made via Online, Website, Debit Card, Credit Card, Bank Account, or by phone and in person in store.
Late Payment: A 48-hour delay in any monthly payment will result in the remote locking of the Scooter. A $300.00 fee will be charged for remote unlocking upon resolution of the late payment.
Continued Payments: Buyer's obligation to make payments under this Agreement shall continue even in the event of after-sales service or repairs to the Scooter.
OWNERSHIP AND USAGE RESTRICTIONS
Ownership: The Scooter is and shall remain the sole property of WILSON EBIKES LLC until the Buyer has paid the total purchase price of $4,990.00 (ex. tax) in full.
Prohibition on Sale or Trade: Buyer shall not sell, trade, or otherwise transfer ownership of the Scooter until the total purchase price is paid in full to WILSON EBIKES LLC.
Transfer of Ownership: Upon receipt of the full payment of $4,990.00 (ex. tax), WILSON EBIKES LLC will transfer ownership of the Scooter to the Buyer.
No Disassembly/Tampering: Buyer shall not disassemble or tamper with the Scooter.
No Unauthorized Modifications: Any illegal modifications that render the Scooter inoperable or impossible to unlock shall make Buyer fully responsible for all repair costs.
No Unauthorized Repairs: Buyer shall not attempt any unauthorized repairs or modifications to the Scooter.
WARRANTY
Any defects covered under the manufacturer's warranty will be handled by the manufacturer and shall not affect the Buyer's obligation to continue making payments under this Agreement.
LIABILITY FOR DAMAGE
Buyer is responsible for any and all damage to the Scooter after purchase. Seller shall not be liable for any damages caused by accidents, improper use, or unauthorized modifications.
DEFAULT AND ENFORCEMENT
Payment Default: If Buyer fails to make any payment as agreed, Seller reserves the right to remotely lock the Scooter until all outstanding payments are brought current.
Unlock Fee: If Buyer fails to pay the $300.00 remote unlock fee, Seller shall have no obligation to restore access to the Scooter.
Breach of Contract: Any breach of this Agreement by Buyer may result in legal action by Seller, and Buyer shall be responsible for all costs associated with such action, including but not limited to attorney's fees.
KNOW YOUR CUSTOMER (KYC)
Buyer agrees to provide Seller with a copy of their valid, state-issued identification for KYC verification purposes.
GOVERNING LAW
This Agreement shall be governed by and construed in accordance with the laws.
ENTIRE AGREEMENT
This Agreement constitutes the entire understanding between the parties with respect to the subject matter hereof and supersedes all prior or contemporaneous communications and proposals, whether oral or written.
SEVERABILITY
If any provision of this Agreement is held to be invalid or unenforceable, the remaining provisions shall remain in full force and effect.
AGREEMENT ACKNOWLEDGMENT
By signing below, Buyer acknowledges that they have read, understood, and agreed to all the terms and conditions stated in this Agreement.
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