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Motor Sale Agreement for Malaysia

Motor Sale Agreement Template for Malaysia

A comprehensive legal agreement governed by Malaysian law that facilitates the sale and purchase of motor vehicles between parties. This document outlines the terms and conditions of the sale, including vehicle specifications, purchase price, payment terms, warranties, and transfer of ownership requirements in accordance with Malaysian regulations. It incorporates provisions from key Malaysian legislation including the Sale of Goods Act 1957 and Road Transport Act 1987, ensuring compliance with local legal requirements while protecting both the seller's and buyer's interests throughout the transaction.

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Motor Sale Agreement

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What is a Motor Sale Agreement?

The Motor Sale Agreement serves as a critical legal instrument in Malaysian vehicle transactions, essential for both private sales and dealership operations. This document is utilized when transferring ownership of any motor vehicle, from personal cars to commercial vehicles, ensuring compliance with Malaysian legal requirements. The agreement captures crucial details including vehicle specifications, price, payment terms, warranties, and ownership transfer procedures. It incorporates provisions from relevant Malaysian legislation, including the Sale of Goods Act 1957, Consumer Protection Act 1999, and Road Transport Act 1987. The document provides legal protection for both parties and serves as official documentation for registration authorities, financial institutions, and insurance providers.

What sections should be included in a Motor Sale Agreement?

1. Parties: Identifies and defines the Seller and Buyer with their full legal names, identification numbers, and addresses

2. Background: Brief context of the transaction, identifying the vehicle being sold and the parties' intention to enter into the sale agreement

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

4. Sale and Purchase: Core agreement clause stating the seller's agreement to sell and the buyer's agreement to purchase the vehicle

5. Purchase Price: Specifies the agreed purchase price and payment terms, including any deposits and balance payment arrangements

6. Completion: Details of the completion process, including timing, location, and requirements for transfer of possession

7. Seller's Warranties: Warranties regarding vehicle ownership, condition, roadworthiness, and absence of encumbrances

8. Vehicle Registration and Transfer: Requirements and process for transferring vehicle registration and ownership documents

9. Taxes and Costs: Allocation of responsibility for various costs including registration fees, road tax, and transfer fees

10. Termination: Circumstances under which the agreement may be terminated and the consequences of termination

11. Governing Law: Specifies that Malaysian law governs the agreement and interpretation

12. Execution: Signature blocks and execution requirements for both parties

What sections are optional to include in a Motor Sale Agreement?

1. Condition Precedents: Used when there are specific conditions that must be met before completion, such as vehicle inspection or loan approval

2. Vehicle Inspection: Detailed when there's a need for pre-completion inspection requirements and procedures

3. Insurance: Added when specific insurance arrangements need to be made as part of the sale process

4. Deposit Protection: Include when there are specific terms regarding the protection and potential refund of deposits

5. Third Party Rights: Required when there are financial institutions or other third parties with interests in the vehicle

6. Dispute Resolution: Added when parties want to specify particular dispute resolution mechanisms beyond court jurisdiction

What schedules should be included in a Motor Sale Agreement?

1. Vehicle Details: Comprehensive description of the vehicle including make, model, year, color, engine number, chassis number, registration number

2. Vehicle Condition Report: Detailed report of the vehicle's condition at the time of sale, including any known defects or damage

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

4. List of Accessories: Itemized list of additional accessories or modifications included in the sale

5. Required Documents: Checklist of all documents required for the transfer of ownership

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok成人版 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Malaysia

Document Type

Sale Agreement

Cost

Free to use
Relevant legal definitions

























Clauses























Relevant Industries

Automotive

Retail

Transportation

Financial Services

Insurance

Vehicle Leasing

Relevant Teams

Legal

Sales

Compliance

Operations

Finance

Risk Management

Business Development

Administrative

Contract Management

Relevant Roles

Sales Manager

Legal Counsel

Automotive Dealer

Finance Manager

Vehicle Fleet Manager

Compliance Officer

Contract Administrator

Business Development Manager

Operations Manager

Vehicle Sales Representative

Legal Assistant

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, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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