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The Car Sold As Is Contract is essential for vehicle sales transactions in Pakistan where the seller wishes to transfer ownership of a vehicle without providing warranties or guarantees about its condition. This document is commonly used in private sales, by dealerships selling pre-owned vehicles, or in corporate fleet disposals. It complies with Pakistani contract law, the Sale of Goods Act, 1930, and provincial motor vehicle regulations. The agreement explicitly states that the vehicle is sold in its current condition, with the buyer accepting all known and unknown defects. It includes crucial elements such as vehicle identification, price, payment terms, and clear disclaimers, while ensuring proper documentation for ownership transfer with relevant Pakistani authorities. This type of contract is particularly important in protecting sellers from future claims while providing buyers with clear documentation of the transaction terms.
