The Motor Vehicle Selling Agreement is a crucial legal instrument used in the Philippines for documenting the sale and transfer of ownership of motor vehicles. This document is essential for both private and commercial vehicle sales, ensuring compliance with Philippine regulations including the Consumer Act, Land Transportation and Traffic Code, and relevant taxation laws. It protects both buyers and sellers by clearly documenting the vehicle's condition, sale price, warranties, and transfer requirements. The agreement is particularly important given the Philippines' strict requirements for vehicle registration and ownership transfer, and it helps prevent future disputes by clearly documenting all aspects of the transaction. It's commonly used by car dealerships, private sellers, and corporate fleet managers, and must be properly notarized according to Philippine legal requirements.
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1. Parties: Identification of the Seller and Buyer with complete details including names, addresses, and contact information
2. Background: Brief context of the transaction and the parties' intentions
3. Definitions: Definitions of key terms used throughout the agreement
4. Vehicle Description: Detailed description of the motor vehicle including make, model, year, color, engine number, chassis number, and other identifying features
5. Purchase Price: The agreed purchase price, payment terms, and schedule of payments
6. Transfer of Ownership: Terms and conditions for the transfer of vehicle ownership and required documentation
7. Warranties and Representations: Seller's warranties regarding the vehicle's condition and legal status
8. Delivery: Terms and conditions for vehicle delivery, including timing and location
9. Registration and Documentation: Responsibilities for vehicle registration and transfer of documentation
10. Taxes and Fees: Allocation of responsibility for various taxes and fees related to the sale
11. Default and Remedies: Consequences of default by either party and available remedies
12. Governing Law: Specification of Philippine law as governing law and jurisdiction
13. Execution: Signature blocks and execution requirements
1. Financing Terms: Include when the purchase involves financing or installment payments
2. Trade-In provisions: Include when there is a trade-in vehicle involved in the transaction
3. Insurance Requirements: Include when specific insurance requirements are part of the sale agreement
4. Conditional Sale Provisions: Include when the sale is subject to specific conditions that must be met
5. Dealer Warranties: Include when additional dealer warranties beyond manufacturer warranty are offered
6. After-Sales Service: Include when specific after-sales service agreements are part of the sale
7. Modification Restrictions: Include when there are specific restrictions on vehicle modifications
8. Export Restrictions: Include when there are restrictions on exporting the vehicle
1. Schedule A - Vehicle Specifications: Detailed technical specifications of the vehicle
2. Schedule B - Payment Schedule: Detailed breakdown of payment terms and installments if applicable
3. Schedule C - Warranty Details: Complete warranty terms and conditions
4. Schedule D - Inspection Report: Pre-sale vehicle inspection report and condition assessment
5. Schedule E - Registration Documents: Copies of current registration and transfer documents
6. Schedule F - Insurance Documents: Insurance certificates and requirements
7. Appendix 1 - Vehicle Photos: Photographs documenting the vehicle's condition at time of sale
8. Appendix 2 - Maintenance History: Vehicle's maintenance and repair history
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