The Bill of Sale Contract for Car is a crucial legal instrument in Singapore's vehicle transfer process. It serves as official documentation of the sale transaction, protecting both buyer and seller interests. This document is required when transferring vehicle ownership and must comply with Land Transport Authority (LTA) regulations and the Road Traffic Act. The contract includes essential details such as vehicle specifications, price, payment terms, and warranties. It's particularly important in Singapore due to the unique considerations of COE and PARF values, and helps ensure a smooth transfer process with the LTA.
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1. Parties: Identification of seller and buyer with full legal names and addresses
2. Background: Brief context of the sale transaction
3. Definitions: Key terms used in the agreement
4. Vehicle Description: Detailed description of the vehicle including registration number, make, model, year, chassis number
5. Purchase Price: Agreed purchase price and payment terms
6. Transfer of Title: Terms of ownership transfer
7. Seller's Representations: Warranties about vehicle condition and ownership
8. Execution: Signing provisions and date
1. Financing Terms: Include when purchase involves financing arrangements or payment is not made in full at transfer
2. Trade-in Details: Details of any vehicle being traded in as part of the transaction
3. Additional Warranties: Extended warranty provisions beyond statutory requirements
4. Dispute Resolution: Specific dispute resolution procedures for high-value transactions
1. Vehicle Inspection Report: Recent inspection report detailing vehicle condition
2. Service History: Documentation of vehicle maintenance history
3. Registration Documents: Copies of current registration documents
4. Insurance Documents: Relevant insurance documentation
5. Photos: Dated photographs of vehicle condition
Relevant legal definitions
Clauses
Relevant Industries
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