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Deed Of Sale Tricycle With Franchise

Deed Of Sale Tricycle With Franchise Template for Malaysia

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Key Requirements PROMPT example:

Deed Of Sale Tricycle With Franchise

"I need a Deed of Sale Tricycle with Franchise for transferring my food delivery tricycle business in Penang, including the vehicle and franchise rights, to a new owner by March 2025, with the franchise territory covering the entire Georgetown area."

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Document background
The Deed of Sale Tricycle With Franchise is a specialized legal instrument used in Malaysia when transferring both a physical tricycle vehicle and its associated business franchise rights to a new owner. This document is particularly important in Malaysia's urban transportation and small business sector, where tricycles often operate under specific franchise arrangements for services such as food delivery, tourist transportation, or local goods delivery. The deed ensures compliance with Malaysian vehicle transfer regulations, franchise laws, and local authority requirements, while protecting both parties' interests. It includes comprehensive details about the vehicle specifications, franchise territory rights, operational permits, and any existing service contracts. This document is commonly used when existing franchise operators wish to exit the business or expand their operations through the sale of established tricycle franchise units.
Suggested Sections

1. Parties: Details of the Seller and Buyer, including full names, identification numbers, and addresses

2. Background: Context of the transaction, including brief history of the tricycle ownership and franchise rights

3. Definitions: Key terms used in the deed including 'Tricycle', 'Franchise Rights', 'Transfer Date', etc.

4. Sale and Purchase: Core terms of the sale including the agreement to sell and purchase the tricycle with franchise rights

5. Purchase Price: Details of the total consideration and payment terms

6. Condition of Tricycle: Description of the tricycle's current condition, including any known defects or issues

7. Transfer of Franchise Rights: Terms regarding the transfer of franchise rights and associated obligations

8. Seller's Warranties: Warranties regarding ownership, condition of tricycle, and validity of franchise rights

9. Completion: Details of the completion process, including delivery and registration transfer

10. Registration and Licensing: Requirements for transfer of registration and obtaining necessary licenses

11. Governing Law: Specification that Malaysian law governs the deed

12. Execution: Formal execution block for signing as a deed

Optional Sections

1. Franchise Territory: Define specific geographical area of operation - include if franchise rights are territory-specific

2. Training and Support: Include if seller is providing additional training or support for franchise operations

3. Non-Competition: Restrictions on seller's future business activities - include if agreed between parties

4. Insurance: Insurance requirements and transfer - include if specific insurance policies are being transferred

5. Existing Contracts: Treatment of existing service contracts - include if tricycle has ongoing service agreements

6. Maintenance Records: Include if detailed maintenance history is part of the agreement

Suggested Schedules

1. Schedule 1 - Vehicle Details: Detailed description of tricycle including registration number, chassis number, modifications

2. Schedule 2 - Franchise Rights: Details of franchise rights, terms, and conditions being transferred

3. Schedule 3 - Equipment and Accessories: List of all equipment and accessories included in the sale

4. Schedule 4 - Existing Licenses: Copies of current vehicle and business licenses

5. Appendix A - Vehicle Photos: Recent photographs of the tricycle documenting its condition

6. Appendix B - Maintenance Records: History of maintenance and repairs

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

Transportation

Small Business

Retail

Food & Beverage Delivery

Tourism

Last-mile Logistics

Urban Mobility

Street Vending

Relevant Teams

Legal

Compliance

Operations

Fleet Management

Business Development

Procurement

Contract Administration

Franchise Operations

Risk Management

Relevant Roles

Business Owner

Franchise Manager

Legal Counsel

Compliance Officer

Transportation Manager

Fleet Administrator

Small Business Development Officer

Contract Administrator

Business Development Manager

Operations Manager

Procurement Officer

Franchise Operations Coordinator

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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