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Bike Sale Deed Template for India

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Key Requirements PROMPT example:

Bike Sale Deed

"I need a Bike Sale Deed for selling my Royal Enfield Classic 350 to a private buyer, with payment to be made in two installments by March 2025, and I want to include specific warranties about the bike's accident-free history and recent servicing."

Document background
The Bike Sale Deed is a crucial legal document used in India to formalize and document the transfer of ownership of a motorcycle or scooter between parties. This document is essential for compliance with the Motor Vehicles Act, 1988, and related Indian transportation laws. It serves multiple purposes: proving ownership transfer, protecting both parties' interests, and facilitating vehicle registration transfer at the Regional Transport Office (RTO). The deed includes comprehensive details about the vehicle, parties involved, consideration amount, and various warranties and representations. It's particularly important as it helps prevent future disputes regarding ownership, vehicle condition, or transaction terms. The document can be used for both private sales between individuals and commercial transactions involving dealerships, and its format can be adapted based on whether the vehicle is new or pre-owned.
Suggested Sections

1. Parties: Details of the seller and buyer including full names, addresses, and ID proof numbers

2. Background: Brief context about the ownership of the bike and intention to sell

3. Definitions: Definitions of key terms used in the deed

4. Vehicle Details: Complete description of the bike including make, model, year, registration number, chassis number, and engine number

5. Consideration: Purchase price and payment terms including method of payment

6. Seller's Representations and Warranties: Declarations regarding ownership, absence of liens, vehicle condition, and legal right to sell

7. Transfer of Ownership: Clear statement of transfer of title and ownership from seller to buyer

8. Delivery: Terms regarding the physical handover of the vehicle and related documents

9. Governing Law and Jurisdiction: Specification that Indian law governs the deed and jurisdiction for dispute resolution

10. Execution: Signature block with date and witness details

Optional Sections

1. Condition Report: Detailed description of the vehicle's current condition, to be included when selling used vehicles

2. Outstanding Loans: Declaration regarding any existing loans on the vehicle, required if the vehicle was purchased through financing

3. Insurance Transfer: Terms regarding transfer of existing insurance policy, if applicable

4. Accessories Included: List of additional accessories being sold with the vehicle, if any

5. Service History: Details of maintenance and service history, particularly relevant for premium or vintage bikes

6. Non-compete Clause: Required for commercial sales where seller agrees not to compete in same business area

7. Indemnification: Additional protection clauses, typically included in high-value transactions

Suggested Schedules

1. Schedule A - Vehicle Documentation: Copies of registration certificate, insurance papers, and previous ownership documents

2. Schedule B - Technical Specifications: Detailed technical specifications of the bike including modifications if any

3. Schedule C - Payment Schedule: If payment is to be made in installments, detailed payment schedule with dates and amounts

4. Schedule D - Inspection Report: Third-party inspection report or dealer certification of vehicle condition

5. Appendix 1 - Photographs: Current photographs of the vehicle showing all angles and any existing damage

6. Appendix 2 - Service Records: Copies of service history records and maintenance documents

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions































Clauses




























Relevant Industries

Automotive

Retail

Transportation

Legal Services

Insurance

Financial Services

Vehicle Dealership

Logistics

Fleet Management

Relevant Teams

Legal

Sales

Compliance

Documentation

Vehicle Registration

Customer Service

Finance

Insurance

Administrative Support

Dealer Operations

Relevant Roles

Legal Counsel

Automotive Sales Manager

Vehicle Documentation Specialist

Compliance Officer

RTO Liaison Officer

Fleet Manager

Dealership Manager

Legal Documentation Executive

Vehicle Registration Coordinator

Sales Contract Administrator

Insurance Coordinator

Vehicle Finance Manager

Industries






Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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