The Sale Deed For Vehicle is a crucial legal document used in Malaysia when transferring vehicle ownership from one party to another. This document is essential for both private and commercial vehicle sales, ensuring compliance with Malaysian legislation including the Road Transport Act 1987, Contracts Act 1950, and relevant tax regulations. The deed serves multiple purposes: it documents the terms of sale, provides proof of ownership transfer, facilitates vehicle registration changes with the Road Transport Department (JPJ), and protects both parties' interests by clearly stating their rights and obligations. It is commonly used in both individual-to-individual transactions and corporate fleet sales, requiring careful attention to detail in documenting vehicle specifications, payment terms, and warranty conditions.
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Key Requirements PROMPT example:
Sale Deed For Vehicle
"I need a Sale Deed For Vehicle to sell my Toyota Camry to a corporate buyer in Malaysia, with payment to be made in three installments over January-March 2025, and I want to include specific warranties about the vehicle's accident-free history and current mechanical condition."
1. Parties: Identification of the Seller and Buyer with full legal names, identification numbers, and complete addresses
2. Background: Brief context about the vehicle sale transaction and the parties' intention to enter into this deed
3. Definitions: Definitions of key terms used throughout the deed
4. Vehicle Details: Comprehensive description of the vehicle including make, model, year, chassis number, engine number, registration number, and color
5. Sale Consideration: Purchase price, payment terms, and method of payment
6. Seller's Representations and Warranties: Declarations regarding vehicle ownership, condition, and absence of encumbrances
7. Transfer of Ownership: Terms and process of transferring vehicle ownership and registration
8. Delivery: Details of vehicle handover including timing and location
9. Registration and Compliance: Requirements for registration transfer with the Road Transport Department (JPJ)
10. Governing Law: Specification that the deed is governed by Malaysian law
11. Execution: Signature blocks and witness requirements
1. Condition Report: Detailed description of the vehicle's current condition, to be included when selling used vehicles
2. Outstanding Loans: Declaration regarding any existing loans or hire-purchase agreements, required if the vehicle was previously financed
3. Insurance Transfer: Terms for transferring or terminating existing insurance policies, included when addressing insurance matters
4. Maintenance Records: History of vehicle maintenance and servicing, recommended for premium or vintage vehicles
5. Dispute Resolution: Specific procedures for handling disputes, recommended for high-value transactions
1. Schedule 1 - Vehicle Specifications: Detailed technical specifications and features of the vehicle
2. Schedule 2 - Payment Schedule: If payment is to be made in installments, details of payment dates and amounts
3. Schedule 3 - Vehicle Inspection Report: Recent inspection report from authorized center or mechanic
4. Schedule 4 - List of Accessories: Inventory of additional accessories and modifications included in the sale
5. Appendix A - Vehicle Documents: Copies of registration card, insurance certificates, and other relevant documents
6. Appendix B - Photographs: Recent photographs of the vehicle showing its current condition
Authors
Relevant legal definitions
Clauses
Relevant Industries
Automotive
Transportation
Fleet Management
Vehicle Leasing
Car Dealership
Insurance
Financial Services
Corporate Services
Logistics
Vehicle Manufacturing
Relevant Teams
Legal
Procurement
Sales
Administration
Finance
Operations
Compliance
Risk Management
Fleet Operations
Documentation
Corporate Secretariat
Relevant Roles
Fleet Manager
Procurement Manager
Legal Counsel
Compliance Officer
Sales Manager
Administrative Officer
Finance Manager
Operations Manager
Vehicle Administrator
Contract Administrator
Risk Manager
Corporate Secretary
Documentation Specialist
Automotive Sales Executive
Transport Manager
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