The Buyer's Agreement Car is a crucial legal document used in the Philippines for vehicle purchase transactions. This agreement is essential when transferring ownership of a motor vehicle, whether through a dealership or private sale. It must comply with Philippine consumer protection laws, including the Consumer Act of the Philippines (Republic Act 7394) and the Land Transportation and Traffic Code (Republic Act 4136). The document typically includes detailed vehicle information, price and payment terms, warranties, and ownership transfer procedures. It serves as official documentation for vehicle registration purposes and provides legal protection for both parties in the transaction. The agreement can be customized to include financing terms, insurance requirements, and specific conditions of sale while maintaining compliance with Philippine regulatory requirements.
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1. Parties: Identifies and provides complete details of the buyer and seller, including names, addresses, and contact information
2. Background: Brief context of the transaction and purpose of the agreement
3. Definitions: Defines key terms used throughout the agreement
4. Vehicle Description: Detailed description of the vehicle including make, model, year, color, VIN/chassis number, engine number, and mileage
5. Purchase Price and Payment Terms: States the agreed purchase price, payment schedule, and method of payment
6. Transfer of Ownership: Conditions and process for transferring vehicle ownership, including registration requirements
7. Warranties and Representations: Seller's warranties regarding vehicle condition and legal ownership
8. Delivery: Terms and conditions for vehicle delivery or collection
9. Registration and Documentation: Requirements for vehicle registration transfer and necessary documentation
10. Taxes and Fees: Allocation of responsibility for various taxes and fees related to the sale
11. Governing Law: Specifies that Philippine law governs the agreement
12. Dispute Resolution: Process for resolving any disputes arising from the agreement
13. Entire Agreement: Confirms this document represents the complete agreement between parties
14. Execution: Signature blocks and execution requirements
1. Financing Terms: Include when the purchase involves bank financing or installment payments
2. Trade-in Details: Include when there is a vehicle trade-in as part of the purchase
3. Insurance Requirements: Include when specific insurance arrangements are part of the sale conditions
4. Extended Warranty: Include when an extended warranty is being purchased or offered
5. Condition Report: Include when there are specific noted defects or conditions to be acknowledged
6. Return Policy: Include when the seller offers a return or exchange period
7. Modifications: Include when the vehicle has aftermarket modifications that need to be documented
1. Schedule A - Vehicle Specification: Detailed technical specifications and features of the vehicle
2. Schedule B - Payment Schedule: Detailed breakdown of payment terms if involving installments
3. Schedule C - Inspection Report: Third-party or dealer inspection report of vehicle condition
4. Schedule D - Warranty Terms: Detailed warranty terms and conditions
5. Appendix 1 - Vehicle Documents: Copies of vehicle registration, insurance, and maintenance records
6. Appendix 2 - Vehicle Photos: Photographs documenting the vehicle's condition at time of sale
7. Appendix 3 - Deed of Sale: Standard deed of sale format as required by Philippine regulations
Relevant legal definitions
Clauses
Relevant Industries
Automotive
Retail
Financial Services
Insurance
Legal Services
Transportation
Consumer Goods
Relevant Teams
Legal
Sales
Finance
Compliance
Documentation
Customer Service
Operations
Business Development
Risk Management
Administrative Services
Relevant Roles
Sales Manager
Finance Manager
Legal Counsel
Compliance Officer
Car Dealer
Automotive Sales Executive
Documentation Specialist
Contract Administrator
Vehicle Registration Officer
Insurance Agent
Fleet Manager
Business Development Manager
Customer Service Representative
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