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Agreement For Sale Of Motor Vehicle
"I need an Agreement for Sale of Motor Vehicle under Philippine law for selling my company's fleet of three Toyota Camry vehicles to a local car rental company, with payment to be made in installments over 12 months starting March 2025."
1. Parties: Identification of the Seller and Buyer with complete details including names, addresses, and government IDs
2. Background: Context of the sale and brief description of the transaction
3. Definitions: Definitions of key terms used throughout the agreement
4. Vehicle Details: Comprehensive description of the vehicle including make, model, year, color, engine number, chassis number, plate number, and mileage
5. Purchase Price: The agreed purchase price and payment terms, including any deposits or installment arrangements
6. Transfer of Ownership: Terms and process for transferring vehicle ownership, including registration 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. Delivery: Terms and conditions for vehicle handover including timing and location
10. Documentation and Registration: Requirements for transfer of registration and supporting documents
11. Taxes and Expenses: Allocation of taxes, registration fees, and transfer costs
12. Governing Law: Specification of Philippine law as governing law and jurisdiction
13. Execution: Signature blocks and execution requirements
1. Financing Terms: Include when purchase involves financing or installment payments
2. Security Interest: Include when seller retains security interest until full payment
3. Trade-In Details: Include when transaction involves a trade-in vehicle
4. Insurance Requirements: Include when specific insurance arrangements are part of the sale
5. Warranty Terms: Include for certified pre-owned or vehicles with remaining manufacturer warranty
6. Arbitration Clause: Include when parties agree to resolve disputes through arbitration
7. Co-Buyer Provisions: Include when there are multiple buyers or guarantors
1. Schedule A - Vehicle Inspection Report: Detailed inspection report noting vehicle condition and any existing damage
2. Schedule B - Payment Schedule: Detailed payment terms and schedule if installment payment is agreed
3. Schedule C - List of Accessories: Inventory of all accessories and additional equipment included in the sale
4. Schedule D - Maintenance Records: Vehicle's maintenance and repair history
5. Schedule E - Vehicle Registration Documents: Copies of current registration and related documents
6. Appendix 1 - Photos of Vehicle: Dated photographs showing vehicle condition at time of sale
7. Appendix 2 - Warranty Documentation: Copies of any applicable warranty documents
Authors
Automotive
Transportation
Fleet Management
Car Dealership
Vehicle Leasing
Insurance
Financial Services
Logistics
Corporate Services
Private Transportation
Legal
Sales
Finance
Operations
Compliance
Administrative
Procurement
Risk Management
Fleet Operations
Contract Management
Fleet Manager
Sales Manager
Automotive Sales Representative
Legal Counsel
Compliance Officer
Finance Manager
Insurance Manager
Operations Manager
Administrative Officer
Procurement Manager
Vehicle Asset Manager
Corporate Secretary
Risk Manager
Contract Administrator
Business Development Manager
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