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The Sublease Car Contract is essential for situations where an existing lessee wishes to transfer temporary possession and use rights of a leased vehicle to another party in Hong Kong. This document is particularly relevant in corporate environments where companies need to reallocate vehicles among subsidiaries or when individuals need to sublease their leased vehicles due to temporary non-use. The agreement must comply with Hong Kong's specific regulatory requirements, including the Road Traffic Ordinance and Motor Vehicles Insurance Ordinance. It typically includes detailed provisions about vehicle condition, usage restrictions, insurance requirements, and maintenance obligations, while ensuring alignment with the original lease agreement's terms. This document is crucial for protecting all parties' interests and ensuring legal compliance in Hong Kong's vehicle subleasing arrangements.

1. Parties: Identifies the sublessor (current lessee) and sublessee, including full legal names and addresses

2. Background: Explains the context of the sublease, including reference to the master lease and confirmation of right to sublease

3. Definitions: Defines key terms used throughout the agreement including 'Vehicle', 'Term', 'Rental Payments', etc.

4. Vehicle Details: Specific identification of the vehicle including make, model, year, color, VIN/chassis number, and registration details

5. Term and Rental Payments: Duration of sublease, payment amounts, payment schedule, and method of payment

6. Delivery and Return: Conditions for vehicle delivery and return, including inspection procedures and condition requirements

7. Use of Vehicle: Permitted uses, geographical restrictions, and driver requirements

8. Insurance and Liability: Insurance requirements, liability allocation, and indemnification provisions

9. Maintenance and Repairs: Responsibilities for vehicle maintenance, repair procedures, and cost allocation

10. Default and Remedies: Events of default and available remedies for both parties

11. Termination: Grounds for termination, notice requirements, and consequences of termination

12. Governing Law and Jurisdiction: Specifies Hong Kong law as governing law and jurisdiction for disputes