The Deed of Absolute Sale For Motorcycle is a crucial legal instrument in the Philippines used to document and formalize the transfer of motorcycle ownership. This document is required whenever a motorcycle changes ownership, whether through private sale, dealer transaction, or corporate fleet disposal. It must comply with requirements set forth by the Land Transportation Office (LTO) and the Civil Code of the Philippines, including proper notarization. The deed contains essential information such as the motorcycle's technical specifications, seller and buyer details, purchase price, and warranties. It serves multiple purposes: proving ownership transfer, facilitating vehicle registration changes, supporting insurance applications, and providing legal protection for both parties. The document is particularly important in the Philippine context due to strict vehicle registration requirements and the need to prevent illegal vehicle transfers.
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1. Parties: Identifies and provides complete details of the Seller and Buyer, including their full legal names, addresses, and government-issued ID numbers
2. Background: Brief context stating the Seller's ownership of the motorcycle and intention to sell to the Buyer
3. Definitions: Defines key terms used in the deed, including 'Vehicle', 'Purchase Price', 'Registration Documents', etc.
4. Description of the Motorcycle: Detailed identification of the motorcycle including make, model, year, color, engine number, chassis number, plate number, and current registration details
5. Consideration: States the agreed purchase price and confirms receipt of payment
6. Transfer of Ownership: Explicit statement transferring all rights, title, and interest in the motorcycle from Seller to Buyer
7. Seller's Representations and Warranties: Seller's declarations regarding ownership, right to sell, motorcycle condition, and absence of liens or encumbrances
8. Buyer's Acknowledgments: Buyer's confirmation of motorcycle inspection and acceptance of its condition
9. Execution: Formal signing section with date and witness provisions
1. Financing Acknowledgment: Required when the purchase involves bank financing or loans, detailing the financial arrangement
2. Encumbrance Clearance: Added when the motorcycle had previous liens or encumbrances that have been cleared
3. Delivery Terms: Include when specific delivery arrangements are part of the sale agreement
4. Insurance Transfer: Required when existing insurance coverage is being transferred to the buyer
5. After-Sale Support: Include when the sale includes warranty or service agreements
6. Power of Attorney: Added when either party is acting through an authorized representative
1. Schedule A - Motorcycle Details: Complete technical specifications and photographs of the motorcycle
2. Schedule B - Payment Details: Breakdown of payment terms if not made in full, including proof of payment
3. Schedule C - Registration Documents: Copies of current registration, insurance, and other relevant certificates
4. Schedule D - Inspection Report: Detailed condition report of the motorcycle at time of sale
5. Schedule E - Transfer Requirements Checklist: List of documents required by LTO for transfer of registration
Relevant legal definitions
Clauses
Relevant Industries
Automotive
Transportation
Insurance
Banking and Finance
Legal Services
Government and Regulatory
Retail
Motorcycle Dealerships
Vehicle Leasing
Logistics
Relevant Teams
Legal
Compliance
Sales
Fleet Management
Operations
Documentation
Risk Management
Administrative Services
Asset Management
Customer Service
Relevant Roles
Legal Counsel
Compliance Officer
Fleet Manager
Sales Manager
Dealership Manager
Vehicle Registration Officer
Insurance Underwriter
Bank Loan Officer
Automotive Documentation Specialist
Transport Operations Manager
Legal Administrative Assistant
Motorcycle Sales Executive
Property Custodian
Asset Manager
Documentation Officer
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