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Motor Vehicle Sale Deed
"I need a Motor Vehicle Sale Deed for selling my Toyota Land Cruiser to a corporate buyer in Riyadh, with specific provisions for delayed payment terms where 40% will be paid on March 15, 2025, and the remaining amount after vehicle inspection."
1. Parties: Identification of seller and buyer with complete details including ID/Iqama numbers as required by Saudi regulations
2. Background: Brief context of the sale transaction and confirmation that the seller is the legitimate owner
3. Definitions: Key terms used in the deed including technical vehicle terms and legal terminology
4. Vehicle Details: Comprehensive description of the vehicle including make, model, year, color, chassis number, engine number, and registration details
5. Sale Price and Payment Terms: Agreed purchase price, payment method, and timing of payment including VAT details
6. Seller's Representations and Warranties: Declarations regarding vehicle ownership, condition, and absence of encumbrances
7. Transfer of Ownership: Process and timing of ownership transfer through official Saudi channels
8. Vehicle Handover: Terms and conditions for physical handover of the vehicle and required documentation
9. Governing Law and Jurisdiction: Confirmation of Saudi law application and relevant jurisdiction
10. Execution: Signature blocks and attestation requirements as per Saudi law
1. Vehicle Inspection Report: Detailed findings from pre-sale inspection, recommended for used vehicles
2. Financial Encumbrances: Required if there are any existing loans or liens on the vehicle
3. Insurance Transfer: Terms for transferring or terminating existing insurance policies
4. Warranty Terms: For vehicles with remaining manufacturer warranty or additional warranty provisions
5. Agent Authorization: Required if either party is represented by an agent
6. Arbitration Clause: Optional dispute resolution mechanism aligned with Saudi law
1. Vehicle Specification Sheet: Detailed technical specifications and features of the vehicle
2. Condition Report: Current condition including photographs and noted defects or damage
3. Maintenance History: Service records and maintenance documentation
4. Registration Documents: Copies of current registration and ownership documents
5. Payment Schedule: If payment is to be made in installments, detailed payment plan
6. Required Authority Documents: Copies of required Saudi Traffic Department forms and certificates
Authors
Automotive
Retail
Transportation
Financial Services
Insurance
Legal Services
Government Services
Fleet Management
Vehicle Leasing
Automotive Trading
Legal
Compliance
Sales
Operations
Fleet Management
Administrative Services
Risk Management
Procurement
Finance
Document Control
Vehicle Registration
Legal Counsel
Compliance Officer
Fleet Manager
Sales Manager
Automotive Dealer
Contract Administrator
Risk Manager
Legal Document Specialist
Vehicle Registration Officer
Corporate Secretary
Procurement Manager
Asset Manager
Administrative Officer
Operations Manager
Finance Manager
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