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The Car Sales Deposit Agreement is a crucial document used in Malaysian vehicle transactions to formalize the initial stage of a vehicle purchase. This agreement is typically employed when a buyer commits to purchasing a vehicle by paying a deposit, whether through a dealership or in a private sale. The document serves to protect both parties by clearly stating the deposit amount, terms of refundability, conditions for proceeding to final sale, and timeline for completion. It must comply with Malaysian legislation including the Contracts Act 1950, Consumer Protection Act 1999, and Sale of Goods Act 1957. The agreement is particularly important in the Malaysian context where vehicle purchases often involve significant deposits and complex regulatory requirements for ownership transfer.

1. Parties: Identification of the seller and the buyer, including full names, identification numbers, and addresses

2. Background: Brief context of the transaction, stating the seller's ownership of the vehicle and buyer's intention to purchase

3. Definitions: Key terms used in the agreement including 'Deposit', 'Vehicle', 'Purchase Price', 'Completion Date'

4. Vehicle Details: Comprehensive description of the vehicle including make, model, year, color, registration number, chassis number, and engine number

5. Deposit Terms: Amount of deposit, payment method, and confirmation of receipt

6. Purchase Price: Total purchase price, balance payment details, and payment schedule

7. Completion Timeline: Expected completion date and conditions for completion of the sale

8. Deposit Status: Terms regarding refundability or non-refundability of the deposit and circumstances for each

9. Seller's Obligations: Seller's commitments including vehicle maintenance until completion and document preparation

10. Buyer's Obligations: Buyer's commitments including timeline for balance payment and document submission

11. Termination: Circumstances under which the agreement can be terminated by either party

12. Governing Law: Specification that the agreement is governed by Malaysian law

13. Execution: Signature blocks for both parties and witnesses