��������Ƶ

The Contract of Sale of Motor Vehicle is a crucial legal document used in Hong Kong for documenting the transfer of ownership of motor vehicles between parties. This document is essential for both private sales and commercial transactions, ensuring compliance with Hong Kong's legal requirements for vehicle transfers. It includes comprehensive details about the vehicle, parties involved, payment terms, and warranties, while addressing specific requirements under Hong Kong's Road Traffic Ordinance and Sale of Goods Ordinance. The contract serves as official documentation for the Transport Department and other relevant authorities, protecting both buyers' and sellers' interests by clearly stating their rights and obligations. It's particularly important in Hong Kong's dynamic automotive market, where strict regulations govern vehicle transfers and ownership.

1. Parties: Identification of the seller and buyer with their full legal names, ID numbers, and addresses

2. Background: Brief context of the sale and confirmation that the seller owns the vehicle

3. Definitions: Key terms used in the agreement including 'Vehicle', 'Purchase Price', 'Completion Date'

4. Vehicle Details: Comprehensive description of the vehicle including make, model, year, color, registration number, chassis number, and engine number

5. Purchase Price: Agreed purchase price and payment terms including deposit and balance payment details

6. Seller's Warranties: Warranties regarding vehicle ownership, condition, absence of encumbrances, and compliance with regulations

7. Completion: Details of the completion process, including timing, location, and requirements for transfer of ownership

8. Vehicle Registration: Process and obligations regarding the transfer of vehicle registration

9. Risk and Insurance: Transfer of risk and insurance obligations between parties

10. Governing Law: Confirmation that the agreement is governed by Hong Kong law

11. Signatures: Execution block for both parties including witness signatures