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Deed Of Absolute Sale Motor Vehicle

Deed Of Absolute Sale Motor Vehicle Template for Malaysia

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Key Requirements PROMPT example:

Deed Of Absolute Sale Motor Vehicle

"I need a Deed of Absolute Sale Motor Vehicle for selling my Toyota Camry to a private buyer in Kuala Lumpur, with the transfer to be completed by March 15, 2025; the vehicle has a clean title and I want to include a warranty section about the vehicle's condition."

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Document background
The Deed of Absolute Sale Motor Vehicle is a crucial legal instrument in Malaysian vehicle transactions, essential for both private and commercial vehicle transfers. This document is required when transferring ownership of any motor vehicle in Malaysia, ensuring compliance with the Road Transport Act 1987, Contracts Act 1950, and other relevant legislation. It serves as definitive proof of the sale and transfer of ownership, containing comprehensive details about the vehicle, parties involved, and terms of sale. The deed is particularly important as it protects both parties' interests, facilitates vehicle registration transfer with the Road Transport Department (JPJ), and helps prevent future disputes regarding ownership or transaction terms. It's commonly used in various scenarios, from private vehicle sales to commercial fleet transactions, and must be properly executed and stamped according to Malaysian law.
Suggested Sections

1. Parties: Identifies and provides full details of the Seller and Buyer, including their names, identification numbers, and complete addresses

2. Background: Establishes the context of the sale, confirming the Seller's ownership and intention to sell, and the Buyer's intention to purchase

3. Definitions: Defines key terms used throughout the deed including 'Vehicle', 'Purchase Price', 'Completion Date', etc.

4. Vehicle Details: Comprehensive description of the vehicle including make, model, year, color, engine number, chassis number, registration number, and current mileage

5. Sale and Purchase: Core provision stating the absolute sale of the vehicle from Seller to Buyer

6. Purchase Price: States the agreed purchase price and payment terms

7. Seller's Warranties: Warranties regarding vehicle ownership, condition, encumbrances, and legal status

8. Transfer of Ownership: Details the process and obligations for transferring vehicle registration and ownership

9. Completion: Specifies the completion date and delivery arrangements

10. Costs and Stamp Duty: Allocation of costs including transfer fees, stamp duty, and registration fees

11. Governing Law: Specifies Malaysian law as governing law and jurisdiction

12. Execution: Formal execution block for signatures, witnesses, and attestation

Optional Sections

1. Condition of Vehicle: Detailed section about vehicle condition, recommended when selling used vehicles or when specific conditions need to be documented

2. Outstanding Loans: Required if there is an existing loan to be settled as part of the transaction

3. Insurance Transfer: Details about transfer or termination of existing insurance policies

4. Intermediary Details: Required when the sale is conducted through a dealer or agent

5. Dispute Resolution: Detailed dispute resolution procedures, recommended for high-value vehicles

6. Joint Owners: Required when the vehicle is being transferred to or from multiple owners

Suggested Schedules

1. Schedule 1 - Vehicle Inspection Report: Detailed technical inspection report of the vehicle's condition

2. Schedule 2 - Vehicle Registration Documents: Copies of current vehicle registration card and other relevant documentation

3. Schedule 3 - Payment Schedule: If payment is to be made in installments, details of payment dates and amounts

4. Schedule 4 - Photographic Evidence: Photos of the vehicle documenting its condition at time of sale

5. Appendix A - Vehicle Service History: Records of maintenance and repairs

6. Appendix B - Modification Details: If applicable, list of modifications made to the vehicle

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 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

Transportation

Legal Services

Insurance

Financial Services

Fleet Management

Vehicle Leasing

Automotive Retail

Public Transportation

Logistics

Relevant Teams

Legal

Compliance

Administrative Services

Fleet Management

Sales Administration

Risk Management

Operations

Finance

Insurance

Documentation

Property Management

Relevant Roles

Legal Counsel

Fleet Manager

Automotive Sales Manager

Compliance Officer

Vehicle Registration Officer

Contract Administrator

Property Manager

Legal Executive

Administrative Officer

Finance Manager

Insurance Manager

Vehicle Leasing Manager

Operations Manager

Documentation Specialist

Risk Management Officer

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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