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As Is Car Sale Agreement Template for Pakistan

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Key Requirements PROMPT example:

As Is Car Sale Agreement

"I need an As Is Car Sale Agreement for selling my 2020 Toyota Corolla to a private buyer in Lahore, Pakistan, with the sale to be completed by March 2025, including specific mentions of existing minor body damage and non-functioning air conditioning."

Document background
The As Is Car Sale Agreement is essential for documenting the transfer of used vehicles in Pakistan, particularly when the seller wishes to limit their liability for the vehicle's condition post-sale. This document is commonly used by private sellers, car dealerships, and businesses engaged in vehicle sales, providing a clear framework for the transaction while complying with Pakistani federal and provincial regulations. The agreement includes comprehensive details about the vehicle, explicit disclaimers regarding its condition, and specific terms for the transfer of ownership. It's designed to protect both parties by clearly documenting the 'as is' nature of the sale, meaning the buyer accepts the vehicle in its current condition without warranties. The document should be used whenever selling a used vehicle where the seller wants to ensure they won't be liable for future repairs or issues with the vehicle.
Suggested Sections

1. Parties: Identifies and provides full details of the seller and buyer, including names, addresses, ID numbers, and contact information

2. Background: Brief context of the sale and confirmation that the seller owns the vehicle and has the right to sell it

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

4. Vehicle Details: Specific identification of the vehicle including make, model, year, VIN/chassis number, registration number, and color

5. Purchase Price and Payment: States the agreed purchase price and payment terms, including method and timing of payment

6. 'As Is' Condition and Disclaimer: Explicit statement that the vehicle is sold 'as is' with no warranties or guarantees, and buyer accepts all known and unknown conditions

7. Transfer of Ownership: Process and requirements for transferring vehicle ownership, including documentation and registration requirements

8. Seller's Representations: Basic representations about vehicle ownership, lack of encumbrances, and authority to sell

9. Buyer's Acknowledgments: Buyer's confirmation of vehicle inspection and acceptance of 'as is' condition

10. Completion Process: Steps for completing the sale, including document signing, payment, and vehicle handover

11. Governing Law: Specifies that Pakistani law governs the agreement and jurisdiction for disputes

Optional Sections

1. Payment in Installments: Used when the purchase price is to be paid in installments, including payment schedule and consequences of default

2. Third-Party Authorization: Required when either party is represented by an authorized agent for the transaction

3. Export/Import Provisions: Included if the vehicle is intended for export or import, addressing additional requirements

4. Insurance and Transfer: Details about transferring or obtaining insurance, if handled as part of the sale

5. Witness Provisions: Additional witnessing requirements if required by local practice or at parties' request

Suggested Schedules

1. Schedule 1 - Vehicle Specification: Detailed technical specifications of the vehicle, including engine size, transmission type, mileage, etc.

2. Schedule 2 - Known Defects: List of known issues or defects with the vehicle disclosed by the seller

3. Schedule 3 - Vehicle Documents: List of all documents being transferred with the vehicle (registration book, maintenance records, previous insurance certificates)

4. Appendix A - Vehicle Inspection Report: If available, third-party inspection report or seller's condition assessment

5. Appendix B - Vehicle Photographs: Dated photographs of the vehicle showing its condition at the time of sale

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions


































Clauses






























Relevant Industries

Automotive

Retail

Transportation

Insurance

Banking & Finance

Legal Services

Vehicle Leasing

Fleet Management

Automotive Trading

Private Sales

Relevant Teams

Legal

Procurement

Sales

Administrative

Compliance

Risk Management

Operations

Fleet Operations

Asset Management

Contract Management

Relevant Roles

Car Dealer

Fleet Manager

Legal Counsel

Procurement Manager

Sales Manager

Business Owner

Administrative Officer

Compliance Officer

Contract Administrator

Risk Manager

Vehicle Operations Manager

Corporate Secretary

Property Manager

Asset Manager

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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