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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."
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
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
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
Automotive
Retail
Transportation
Insurance
Banking & Finance
Legal Services
Vehicle Leasing
Fleet Management
Automotive Trading
Private Sales
Legal
Procurement
Sales
Administrative
Compliance
Risk Management
Operations
Fleet Operations
Asset Management
Contract Management
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
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