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Absolute Deed Of Sale Of Motor Vehicle
"I need an Absolute Deed of Sale of Motor Vehicle for selling my personal Toyota Camry to an individual buyer in Kuala Lumpur, with the full payment of RM 85,000 to be made upon signing in March 2025."
1. Parties: Identifies and provides full details of the Seller and Buyer, including their complete names, identification numbers, and addresses
2. Background: Brief context of the transaction and confirmation of the Seller's ownership and right to sell
3. Definitions: Defines key terms used throughout the deed, including 'Vehicle', 'Purchase Price', 'Completion Date', etc.
4. Vehicle Details: Comprehensive description of the vehicle including make, model, year, color, engine number, chassis number, and registration number
5. Sale and Purchase: Core provision stating the absolute sale and transfer of the vehicle from Seller to Buyer
6. Purchase Price: States the agreed purchase price and confirms payment terms or receipt of payment
7. Seller's Representations and Warranties: Warranties regarding vehicle ownership, condition, encumbrances, and regulatory compliance
8. Transfer of Ownership: Details the process and timing of ownership transfer, including registration requirements
9. Completion: Specifies the completion requirements, including document handover and vehicle delivery
10. Governing Law: Confirms Malaysian law as the governing law of the deed
1. Condition of Vehicle: Detailed description of the vehicle's current condition, recommended when selling used vehicles
2. Outstanding Loans: Declaration regarding any outstanding loans or encumbrances, required if the vehicle has existing financing
3. Vehicle Inspection: Details of any pre-sale inspection conducted, recommended for high-value or classic vehicles
4. Tax Obligations: Clarification of tax responsibilities, needed when specific tax implications exist
5. Insurance Transfer: Provisions regarding transfer or termination of existing insurance, relevant when existing policies need to be addressed
1. Schedule 1 - Vehicle Specifications: Detailed technical specifications of the vehicle including all modifications and accessories
2. Schedule 2 - Vehicle Documentation: List of all documents being transferred, including registration card, maintenance records, and previous ownership documents
3. Schedule 3 - Payment Details: Breakdown of payment terms and method if not paid in full at completion
4. Schedule 4 - Vehicle Inspection Report: Copy of recent vehicle inspection report or condition assessment
5. Appendix A - Photographs: Recent photographs of the vehicle showing its current condition and any damage or defects
Authors
Automotive
Transportation
Fleet Management
Logistics
Car Dealership
Insurance
Legal Services
Vehicle Leasing
Corporate Services
Private Transportation
Legal
Procurement
Administration
Compliance
Sales
Operations
Fleet Management
Risk Management
Corporate Secretariat
Contract Management
Legal Counsel
Fleet Manager
Procurement Manager
Administrative Officer
Compliance Officer
Contract Administrator
Sales Manager
Vehicle Registration Officer
Corporate Secretary
Risk Manager
Operations Manager
Legal Administrator
Transport Manager
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