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Simple Deed Of Sale Of Motor Vehicle

Simple Deed Of Sale Of Motor Vehicle Template for India

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Simple Deed Of Sale Of Motor Vehicle

"I need a Simple Deed of Sale of Motor Vehicle for selling my personal Toyota Camry to a private buyer in Mumbai, with the transfer to be completed by March 2025, including specific provisions for the outstanding bank loan that needs to be cleared before transfer."

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Document background
The Simple Deed of Sale of Motor Vehicle is an essential legal document used in India when transferring ownership of any motor vehicle. This document type is crucial for compliance with the Motor Vehicles Act, 1988, and related regulations governing vehicle transfers in India. It is commonly used for both private sales and commercial transactions, providing a clear record of the sale terms, vehicle details, and warranties. The deed should be executed before initiating the registration transfer process at the RTO, and it serves as primary evidence of the transaction. It includes comprehensive information about the vehicle, parties involved, and sale conditions, making it a vital document for protecting both buyer's and seller's interests. The document's format and content are designed to meet Indian legal requirements while remaining straightforward enough for standard vehicle transfers.
Suggested Sections

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

2. Background: Recitals stating the ownership of the vehicle and intention to sell

3. Definitions: Definitions of key terms used in the deed including 'Vehicle', 'Purchase Price', 'Completion Date'

4. Sale and Purchase: Core provision stating the agreement to sell and purchase the vehicle

5. Purchase Price: Statement of the agreed purchase price and payment terms

6. Completion: Details of when and where the vehicle and documentation will be handed over

7. Seller's Warranties: Warranties regarding ownership, condition of vehicle, no encumbrances, etc.

8. Vehicle Details: Essential details about the vehicle including registration number, make, model, year

9. Transfer of Registration: Obligations regarding the transfer of registration at the RTO

10. Governing Law: Specification that the deed is governed by Indian law

Optional Sections

1. Outstanding Loans: Required if there is an outstanding loan on the vehicle that needs to be cleared

2. Insurance Transfer: Details about transfer of existing insurance policy if applicable

3. Special Conditions: Any special conditions or modifications to the vehicle that need to be documented

4. Third Party Claims: Provisions dealing with any pending claims or litigation related to the vehicle

5. Broker's Commission: Required if a broker was involved in the sale

Suggested Schedules

1. Schedule 1 - Vehicle Details: Detailed specification of the vehicle including engine number, chassis number, color, modifications

2. Schedule 2 - List of Documents: List of all documents being transferred with the vehicle

3. Appendix A - Vehicle Photographs: Recent photographs of the vehicle showing its condition

4. Appendix B - Service History: Details of vehicle service history and maintenance records

5. Appendix C - RTO Forms: Copies of relevant RTO forms for transfer of ownership

Authors

Alex Denne

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

alex.den.21@genieai.co
Relevant legal definitions

























Clauses






















Relevant Industries

Automotive

Transportation

Fleet Management

Logistics

Car Dealership

Insurance

Banking and Finance

Legal Services

Corporate Services

Private Transportation

Relevant Teams

Legal

Administration

Operations

Fleet Management

Procurement

Finance

Compliance

Documentation

Transport Operations

Corporate Services

Relevant Roles

Fleet Manager

Administrative Officer

Legal Counsel

Compliance Officer

Transport Manager

Vehicle Administrator

Operations Manager

Procurement Manager

Finance Manager

Car Sales Executive

Business Owner

Company Secretary

Legal Administrator

Document Controller

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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