The Motorcycle Sale Deed is a crucial legal document used in the Philippines when transferring ownership of a motorcycle from one party to another. This document is essential for both private sales and commercial transactions, providing a legally binding agreement that protects both buyer and seller. The deed must comply with requirements set forth in the Civil Code of the Philippines, the Land Transportation and Traffic Code (RA 4136), and various LTO regulations. It includes detailed information about the motorcycle, parties involved, purchase price, payment terms, and warranties, while also addressing registration transfer requirements. The document becomes particularly important for establishing clear ownership rights, facilitating registration transfers, and preventing future disputes regarding the sale transaction.
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1. Parties: Identifies and provides complete details of the Seller and Buyer, including their full legal names, addresses, and government-issued ID numbers
2. Background: Brief context of the transaction and confirmation that the Seller is the lawful owner of the motorcycle
3. Definitions: Defines key terms used throughout the deed, including 'Vehicle', 'Purchase Price', 'Transfer Date', etc.
4. Subject Matter: Detailed description of the motorcycle including make, model, year, color, engine number, chassis number, plate number, and current registration details
5. Purchase Price: States the agreed purchase price and confirms the sufficiency of consideration
6. Payment Terms: Specifies the method, timing, and conditions of payment
7. Transfer of Ownership: Details the process and timing of ownership transfer, including documentation requirements
8. Seller's Representations and Warranties: Seller's guarantees regarding motorcycle ownership, condition, and absence of liens or encumbrances
9. Buyer's Acknowledgments: Buyer's confirmation of motorcycle inspection and acceptance of its condition
10. Registration and Documentation: Responsibilities for transfer of registration and required government documentation
11. Governing Law: Specifies that the deed is governed by Philippine law
12. Execution: Signature block with spaces for parties' signatures, government ID numbers, and witnesses
1. Condition Report: Detailed assessment of the motorcycle's current condition, recommended when selling used motorcycles
2. Installation Payment Terms: Used when the payment is to be made in installments, detailing the payment schedule and consequences of default
3. Delivery Terms: Required when the motorcycle is not immediately transferred upon signing, specifying delivery arrangements and responsibilities
4. After-sale Service Agreement: Optional terms for any post-sale service or maintenance arrangements
5. Insurance Provisions: Details about transfer or procurement of insurance, particularly relevant for financed purchases
6. Dispute Resolution: Alternative dispute resolution procedures, recommended for high-value transactions
1. Schedule A - Vehicle Details: Comprehensive technical specifications and features of the motorcycle
2. Schedule B - Condition Report: Detailed inspection report with photographs of the motorcycle's current condition
3. Schedule C - Payment Schedule: If installment payments are involved, detailed payment timeline and amounts
4. Schedule D - Required Documents: Checklist of all documents required for the transfer of ownership
5. Appendix 1 - Maintenance History: Service and maintenance records of the motorcycle
6. Appendix 2 - Registration Documents: Copies of current registration papers and related documents
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