The agreement is legally binding. Motorcycles are chattels, and the transfer of ownership of motorcycles is based on delivery. The motorcycle transfer agreement is signed by both parties voluntarily, and the contents of the agreement do not violate the mandatory provisions of the law, and the transfer registration is handled, the agreement has legal effect.

in accordance with the provisions of laws and administrative regulations, if the contract should go through approval and other procedures, such provisions shall prevail. If the failure to go through the formalities of approval and so on affects the effectiveness of the contract, it will not affect the performance of the obligation clauses such as approval and the effectiveness of relevant clauses in the contract. If the party who should go through the formalities of applying for approval fails to perform his obligations, the other party may request him to bear the responsibility for violating the obligations.

a legally established contract shall come into force upon its establishment, unless otherwise stipulated by law or agreed by the parties. If the ownership of a registered motor vehicle is transferred, the owner of the motor vehicle shall apply for transfer registration in dmv within 3 days from the date of delivery of the motor vehicle.

The format of the voluntary agreement is as follows:

1. At the beginning of the Voluntary Agreement between the two parties, the names or ID numbers of both parties should be written first, then what agreement is reached through consultation between the two parties, then the agreements are listed below, and finally the signatures of both parties are enough;

2. Text: Party A: ID number: Party B: ID number:;

3. Upon consensus of both parties, Party A and Party B have reached the following agreement on compensation matters through friendly negotiation based on the principles of equality, voluntariness and fairness: Party A is willing to pay Party B's parents a one-time compensation fee of RMB only;

4. After the above expenses are paid to Party B, Party B will arrange the handling by itself, and the arrangement and consequences will no longer have anything to do with Party A;

5. After Party A has fulfilled the obligation of compensation, the matter will be settled, and Party B promises not to ask Party A for any other compensation expenses in any form or for any reason;

6. After Party A performs the compensation obligation, Party A and Party B no longer have any rights and obligations related to this matter. Party A and Party B shall not ask the school for any other compensation expenses in any form or for any reason;

7. this agreement is the result of equal and voluntary negotiation between both parties, and it is the expression of their true intentions.

to sum up, in general, as long as the parties reach a consensus voluntarily and the agreements signed by individuals conform to the provisions of laws and administrative regulations, they have legal effect and are protected by law. However, if the agreement signed by an individual is under any of the following circumstances, then the agreement signed by an individual is invalid and not protected by law.

Legal basis:

Article 143 of the Civil Code of the People's Republic of China

A civil juristic act with the following conditions is valid:

(1) The actor has corresponding capacity for civil conduct;

(2) meaning is true;

(3) it does not violate the mandatory provisions of laws and administrative regulations, and does not violate public order and good customs.

article 224 of the civil code stipulates that the establishment and transfer of the real right of movable property shall become effective upon delivery, except as otherwise provided by law.