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Third Party Car Sale Contract

Third Party Car Sale Contract Template for India

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Key Requirements PROMPT example:

Third Party Car Sale Contract

"I need a Third Party Car Sale Contract for selling my Toyota Camry through a dealership in Mumbai, with the dealer acting as an intermediary and handling all RTO transfer procedures, to be completed by March 2025."

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Document background
The Third Party Car Sale Contract is essential for documenting and legalizing vehicle transfers in India where a third party facilitates the transaction between a seller and buyer. This document is primarily used when selling or purchasing vehicles through dealerships, brokers, or other intermediaries, ensuring compliance with the Indian Contract Act, 1872, and Motor Vehicles Act, 1988. It includes crucial details such as vehicle specifications, payment terms, warranties, and transfer procedures, while addressing requirements for RTO registration transfer. The contract protects all parties' interests by clearly defining responsibilities, liabilities, and compliance requirements, making it suitable for both private and commercial vehicle transfers within Indian jurisdiction.
Suggested Sections

1. Parties: Identifies and provides full details of the seller, buyer, and any intermediary involved in the sale

2. Background: Briefly outlines the context of the sale and confirms the seller's ownership and right to sell

3. Definitions: Defines key terms used throughout the agreement

4. Subject Matter of Sale: Detailed description of the vehicle including make, model, year, registration number, chassis number, and engine number

5. Purchase Price and Payment Terms: Specifies the agreed price and payment method, including any deposits or installments

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

7. Seller's Representations and Warranties: Seller's declarations about the vehicle's condition, ownership, and legal status

8. Buyer's Acknowledgments: Buyer's confirmation of vehicle inspection and acceptance of condition

9. Documentation and Registration: Lists required documents and process for transferring vehicle registration

10. Handover Process: Details of vehicle delivery, including timing and location

11. Governing Law and Jurisdiction: Specifies applicable Indian law and jurisdiction for disputes

Optional Sections

1. Financing Terms: Used when the purchase involves third-party financing or installment payments

2. Insurance Transfer: Details about transfer or termination of existing insurance when applicable

3. Intermediary Terms: Required when a dealer or broker is involved in the sale

4. Outstanding Loans: Needed when there are existing loans against the vehicle that need to be cleared

5. Modification History: Required when the vehicle has undergone significant modifications

6. Special Conditions: Any unique terms specific to the transaction

7. Dispute Resolution: Detailed arbitration or mediation procedures if parties want alternative dispute resolution

Suggested Schedules

1. Schedule A - Vehicle Details: Comprehensive technical specifications and features of the vehicle

2. Schedule B - Vehicle Condition Report: Detailed assessment of vehicle condition including photographs

3. Schedule C - Service History: Documentation of vehicle maintenance and repair history

4. Schedule D - Required Documents: Checklist of all documents required for transfer

5. Schedule E - Payment Schedule: If applicable, detailed breakdown of payment installments

6. Appendix 1 - Form 29 & 30: Standard RTO forms for transfer of ownership

7. Appendix 2 - Inspection Report: Third-party vehicle inspection report if available

Authors

Alex Denne

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

alex.den.21@genieai.co
Relevant legal definitions








































Clauses





























Relevant Industries

Automotive

Financial Services

Insurance

Transportation

Retail

Legal Services

Consumer Services

Fleet Management

Vehicle Leasing

Used Car Market

Relevant Teams

Legal

Sales

Operations

Finance

Compliance

Risk Management

Documentation

Customer Service

Business Development

Vehicle Registration

Relevant Roles

Legal Counsel

Automotive Sales Manager

Fleet Manager

Compliance Officer

Contract Administrator

Business Development Manager

Risk Manager

Operations Manager

Finance Manager

Vehicle Registration Officer

Insurance Coordinator

Used Car Sales Executive

Documentation Specialist

Customer Service Manager

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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