Swap Agreement Example

A swap contract, It is a contract in which two people, whether physical or legal, exchange or transmit something, whatever the permuted item may be.

The swap contract is a simple contract that is used when the amount of the exchange is less than a certain amount and complies with the civil legislation of the place where it is carried out.

Swap contract example:

BARGAIN AGREEMENT

In Mexico Federal District, and being on June 23, 2012, in accordance with the provisions of article 2250 of the Civil Code in force in the Federal District this exchange contract is carried out, for which Mr. Alfonso Martínez is presented on the one hand and exercising his own right Flores, who declares to be Mexican, single, to be 36 years old, of teacher occupation, originally from this city with his address on Valle de Bravo No. 3659 Álvaro Obregón delegation and Mr. Francisco Téllez Galván, who is Mexican by birth, married for 45 years old, a merchant from the city of Tampico in the state of Tamaulipas and having his address on Vicente Rivapalacio street No. 4635 of this city, declares to be up to date in the payment of income tax, and these being two people considered sufficiently and legal capacity to contract and be bound by, those who come to enter into the contract mentioned at the beginning of this writing, adjusting to the tenor of the following:

CLAUSES:

First.- The C Francisco Téllez Galván, transmits the ownership of a 357ia model vehicle which he acquired in a purchase that he made from the BMW firm, according to invoice No. 698547 dated MARCH 15, 2010.

Second.- C Francisco Téllez Galván, for his part, transmits the property to C Alfonso Martínez Flores of a Top quality vehicle that must be delivered by C Francisco Téllez Galván in Valle de Bravo street No. 3659 Álvaro Obregón delegation being located in Valle de Bravo street Álvaro Obregón delegation No. 3659 of this city.

Third.- The delivery of the vehicle as well as the corresponding documents must be made no later than June 25, 2012.

Quarter.- Failure to comply with the previous clause by any of the contracting parties will lead to the termination of the contract and the payment of damages to the affected party.

Fifth.- The contracting parties expressly submit to the jurisdiction of the courts of the city of Mexico City to any controversy that may arise due to the breach, interpretation or execution of this contract.

This contract will have the signatures of the interested parties as well as two witnesses who claim to know personally the parties granting this contract, and be aware that they have the legal capacity to enter into that contract by giving faith.

Permutant Permutation
Signature Signature

Witness Witness
Signature Signature