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Motorcycle Purchase Agreement
"I need a Motorcycle Purchase Agreement for my dealership in Mumbai to sell a new Royal Enfield Classic 350 to a private buyer, including a 2-year extended warranty and quarterly service package, with delivery scheduled for March 2025."
1. Parties: Identification of the seller and buyer with complete contact details and proof of identity
2. Background: Brief context of the transaction and confirmation of the seller's ownership and right to sell
3. Definitions: Key terms used throughout the agreement including 'Vehicle', 'Purchase Price', 'Delivery Date', etc.
4. Sale and Purchase: Core agreement to sell and purchase the motorcycle, including the purchase price
5. Vehicle Details: Essential specifications and identification details of the motorcycle
6. Payment Terms: Amount, method, and timing of payment, including any deposits or installments
7. Transfer of Title: Terms regarding the transfer of ownership and registration process
8. Delivery: Details about the delivery or collection of the motorcycle
9. Seller's Representations: Warranties about the vehicle's condition, ownership, and legal status
10. Buyer's Acknowledgments: Buyer's confirmation of vehicle inspection and acceptance of condition
11. Registration and Documentation: Responsibilities for transfer of registration and required paperwork
12. Governing Law: Specification that Indian law governs the agreement
13. Dispute Resolution: Process for handling any disputes between parties
14. Signatures: Execution clause and space for parties' signatures
1. Financing Terms: Include when the purchase involves third-party financing or installment payments
2. Dealer Warranty: Include when the seller is a dealer offering additional warranty coverage
3. Insurance: Include when specific insurance requirements are part of the sale agreement
4. Trade-in Details: Include when the transaction involves a trade-in vehicle
5. Modifications: Include when the motorcycle has aftermarket modifications that need documentation
6. Return Policy: Include when the seller (usually a dealer) offers a return or exchange period
7. Service Agreement: Include when post-purchase servicing terms are part of the deal
1. Schedule A - Vehicle Specification: Detailed technical specifications, features, and condition of the motorcycle
2. Schedule B - Condition Report: Comprehensive report on the vehicle's current condition, including photographs
3. Schedule C - Service History: Documentation of maintenance and service history
4. Schedule D - Accessories List: Itemized list of accessories included in the sale
5. Schedule E - Payment Schedule: If applicable, detailed breakdown of payment installments
6. Appendix 1 - Required Documents: Checklist of documents required for transfer of ownership
7. Appendix 2 - Registration Forms: Copies of relevant registration transfer forms
Authors
Automotive
Retail
Financial Services
Insurance
Transportation
Consumer Goods
Manufacturing
Legal
Sales
Compliance
Finance
Documentation
Operations
Procurement
Customer Service
Risk Management
Business Development
Sales Manager
Dealership Manager
Legal Counsel
Compliance Officer
Finance Manager
Insurance Agent
Vehicle Documentation Specialist
Automotive Sales Representative
Contract Administrator
Business Development Manager
Procurement Officer
Fleet Manager
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