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Deed Of Sale Agreement For A Car for Philippines

Deed Of Sale Agreement For A Car Template for Philippines

A comprehensive legal document governed by Philippine law that formalizes the transfer of ownership of a motor vehicle from seller to buyer. This agreement includes detailed specifications of the vehicle, purchase price, payment terms, warranties, and representations about the vehicle's condition and ownership status. It complies with requirements set forth by the Civil Code of the Philippines, the Land Transportation Office (LTO) regulations, and related transportation laws, ensuring proper documentation for vehicle registration transfer and tax purposes.

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What is a Deed Of Sale Agreement For A Car?

The Deed of Sale Agreement for a Car is a crucial legal document used in the Philippines when transferring ownership of a motor vehicle. It serves as official documentation of the transaction and is required by the Land Transportation Office (LTO) for processing the transfer of registration. This document is essential whether the transaction involves private individuals, corporate entities, or car dealerships. It must comply with various Philippine laws including the Civil Code, Consumer Act, and Land Transportation and Traffic Code. The agreement typically includes comprehensive vehicle details, price and payment terms, warranties, and obligations of both parties. It requires notarization to be legally binding and serves as protection for both buyer and seller by clearly documenting the terms of the sale and the condition of the vehicle at the time of transfer.

What sections should be included in a Deed Of Sale Agreement For A Car?

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: Establishes the context of the sale, confirming the Seller's ownership and intention to sell, and the Buyer's intention to purchase the vehicle

3. Definitions: Defines key terms used throughout the agreement to ensure clarity and prevent misinterpretation

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

5. Purchase Price: States the agreed purchase price and terms of payment, including payment method and schedule if applicable

6. Warranties and Representations: Seller's warranties regarding vehicle ownership, condition, and absence of liens or encumbrances

7. Transfer of Ownership: Details the process and timing of ownership transfer, including registration requirements and documentation

8. Taxes and Fees: Specifies responsibility for payment of transfer taxes, registration fees, and other applicable charges

9. Delivery: States the agreed time, place, and method of vehicle delivery

10. Risk and Insurance: Specifies when risk transfers to the buyer and requirements for insurance during the transfer process

11. Governing Law: Confirms that the agreement is governed by Philippine law

12. Execution: Formal closing section with signature blocks for both parties and witnesses

What sections are optional to include in a Deed Of Sale Agreement For A Car?

1. Condition Report: Detailed description of the vehicle's current condition, including any known defects or damage. Include when selling used vehicles or when specifically requested by the buyer

2. Payment Terms: Detailed section on installment payments, if the purchase is not made in full at signing. Include when the purchase price is paid in installments

3. Security Interest: Creates a security interest in the vehicle until full payment is received. Include when there are installment payments

4. Broker/Agent Details: Information about any broker or agent involved in the transaction. Include when the sale is facilitated by a third party

5. Previous Owner History: Details of previous ownership if relevant. Include for used vehicles with multiple previous owners

6. Dispute Resolution: Specific procedures for handling disputes. Include when parties want to specify mediation or arbitration procedures

What schedules should be included in a Deed Of Sale Agreement For A Car?

1. Schedule A - Vehicle Inspection Report: Detailed technical inspection report of the vehicle's condition, including photographs

2. Schedule B - Vehicle Documents: List of all documents being transferred with the vehicle (registration papers, maintenance records, etc.)

3. Schedule C - Payment Schedule: If applicable, detailed schedule of installment payments including dates and amounts

4. Appendix 1 - Vehicle Photographs: Recent photographs of the vehicle showing all angles and any noted damage or defects

5. Appendix 2 - Maintenance Records: Copies of service history and maintenance records

6. Appendix 3 - LTO Clearance: Certificate from Land Transportation Office showing the vehicle is free from any liens or encumbrances

Authors

Alex Denne

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

Jurisdiction

Philippines

Publisher

Ƶ

Document Type

Buy-Sell Agreement

Sector

Sales

Cost

Free to use
Relevant legal definitions


































Clauses






























Relevant Industries

Automotive

Transportation

Fleet Management

Car Dealership

Vehicle Leasing

Insurance

Banking and Finance

Legal Services

Corporate Services

Logistics

Relevant Teams

Legal

Procurement

Sales

Compliance

Administrative

Finance

Operations

Risk Management

Contract Administration

Fleet Management

Relevant Roles

Legal Counsel

Corporate Lawyer

Fleet Manager

Procurement Manager

Sales Manager

Compliance Officer

Administrative Officer

Finance Manager

Car Dealer

Business Owner

Contract Administrator

Risk Manager

Operations Manager

Vehicle Asset Manager

Legal Administrator

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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