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The Motorcycle Installment Agreement Form is a legally binding document used in the Philippines when a buyer purchases a motorcycle through installment payments. This agreement is essential for protecting both the seller's and buyer's interests while ensuring compliance with Philippine consumer protection laws, particularly the Consumer Act (RA 7394) and Truth in Lending Act (RA 3765). The document covers crucial aspects including vehicle details, payment terms, interest rates, insurance requirements, and ownership conditions. It is commonly used by motorcycle dealerships, financing companies, and individual buyers, requiring careful attention to regulatory compliance and complete disclosure of all financial terms. The agreement serves as the primary reference document throughout the installment period and must be notarized to be legally enforceable in the Philippines.

1. Parties: Identification of the Seller/Dealer/Financing Company and the Buyer/Purchaser, including complete names, addresses, and contact information

2. Background: Brief context of the transaction, stating the Seller's business and Buyer's intention to purchase the motorcycle through installment

3. Definitions: Key terms used throughout the agreement including but not limited to 'Installment Period', 'Monthly Payment', 'Down Payment', 'Finance Charges'

4. Vehicle Details: Comprehensive description of the motorcycle including make, model, year, color, engine number, chassis number, and other identifying details

5. Purchase Price and Payment Terms: Total purchase price, down payment amount, number of installments, installment amount, payment schedule, and applicable interest rates

6. Delivery and Acceptance: Terms regarding the delivery of the motorcycle and the buyer's acceptance of the vehicle condition

7. Title and Registration: Provisions regarding ownership, transfer of title, and registration requirements

8. Insurance Requirements: Mandatory insurance coverage requirements and terms

9. Default and Remedies: Conditions constituting default and the seller's remedies including repossession rights

10. Maintenance and Use: Buyer's obligations regarding vehicle maintenance and permitted use

11. Representations and Warranties: Statements and guarantees made by both parties

12. General Provisions: Standard contract clauses including amendments, notices, governing law, and venue

13. Execution: Signature blocks and notarization requirements