Seller Agreement

1. Scope

This agreement governs the relationship between CarFriend and any individual or entity ("Seller") who lists a vehicle for sale through the CarFriend Platform.

2. Seller Representations

By listing a vehicle, the Seller warrants that:

• They are the legal owner of the vehicle or have authorised power of attorney to sell it.
• The vehicle is free from encumbrances (bank loans, court orders, etc.) or all such encumbrances have been fully disclosed.
• All information provided about the vehicle (km, ownership history, accident history) is accurate to the best of their knowledge.
• All original documents (RC, insurance, PUC) are available and will be handed over upon sale.

3. Inspection

The Seller must make the vehicle available for a CarFriend certified inspection at a mutually agreed time and location. The Inspection Report will be used as the basis for listing. The Seller acknowledges the report's findings and agrees they are binding for auction purposes.

4. Listing & Auction

Once the inspection is approved, CarFriend will list the vehicle and conduct a live auction. The Seller can set a minimum acceptable price (reserve price) before the auction is launched. Reserve prices cannot be changed once an auction is live.

5. Fees

CarFriend charges a platform fee of up to 2% of the final sale price (inclusive of taxes), deducted before disbursement. The exact fee will be communicated before the auction goes live. Inspection is free of charge.

6. Payment Disbursement

Upon successful auction and receipt of buyer payment, CarFriend will disburse the proceeds to the Seller's registered bank account within 3 business days, net of platform fees.

7. RC Transfer Obligations

The Seller must cooperate fully in completing the RC (Registration Certificate) transfer to the buyer within 30 days of sale. Failure to do so may result in withholding of disbursement and legal action.

8. Cancellation by Seller

A Seller may withdraw a vehicle before the auction goes live without penalty. Withdrawal after an auction has started requires written notice and may attract a cancellation fee equal to 1% of the reserve price.

9. Liability

The Seller indemnifies CarFriend against any claims arising from undisclosed defects, title disputes, or false representations made in connection with the listing.