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Motor Vehicle Sale Agreement
"I need a Motor Vehicle Sale Agreement for my car dealership in Riyadh to sell a fleet of 10 new Toyota vehicles to a corporate client, with payment to be made in three installments over 6 months starting March 2025."
1. Parties: Identification of the seller and buyer with full legal names, addresses, and national ID/Iqama numbers as required by Saudi law
2. Background: Brief context of the sale transaction and confirmation that the seller is the legal owner of the vehicle
3. Definitions: Key terms used throughout the agreement including 'Vehicle', 'Purchase Price', 'Completion Date', etc.
4. Vehicle Details: Comprehensive description of the vehicle including make, model, year, color, VIN, registration number, mileage, and any modifications
5. Purchase Price and Payment Terms: Agreed purchase price, payment method, deposit requirements, and payment schedule if applicable
6. Transfer of Ownership: Process and requirements for transferring vehicle ownership through the Muroor (Traffic Department)
7. Seller's Representations and Warranties: Seller's declarations regarding vehicle condition, ownership, and absence of encumbrances
8. Buyer's Acknowledgments: Buyer's confirmation of vehicle inspection and acceptance of condition
9. Completion Requirements: Documentation and procedures required to complete the sale
10. Risk and Insurance: Transfer of risk and insurance responsibilities
11. Governing Law and Jurisdiction: Confirmation of Saudi law application and jurisdiction
1. Financing Terms: Include when the purchase involves third-party financing or installment payments
2. Trade-in Details: Include when there is a vehicle trade-in as part of the transaction
3. Extended Warranty: Include when additional warranty coverage is being provided beyond standard terms
4. Post-Sale Services: Include when the seller is providing additional services after sale (e.g., maintenance package)
5. Export/Import Requirements: Include when the vehicle will be exported/imported between GCC countries
6. Agent Authorization: Include when either party is represented by an authorized agent
1. Schedule 1 - Vehicle Inspection Report: Detailed technical inspection report of the vehicle's condition
2. Schedule 2 - Vehicle Registration Documents: Copies of current registration card and other official documentation
3. Schedule 3 - Service History: Record of vehicle maintenance and service history
4. Schedule 4 - Payment Schedule: If applicable, detailed schedule of installment payments
5. Schedule 5 - Handover Checklist: List of items to be handed over with the vehicle (keys, manuals, etc.)
6. Appendix A - Vehicle Photographs: Dated photographs documenting the vehicle's condition at sale
7. Appendix B - Required Forms: Standard Muroor (Traffic Department) transfer forms
Authors
Automotive
Retail
Transportation
Fleet Management
Vehicle Leasing
Insurance
Financial Services
Legal Services
Legal
Sales
Operations
Administration
Compliance
Finance
Documentation
Fleet Management
Customer Service
Sales Manager
Fleet Manager
Legal Counsel
Compliance Officer
Administrative Officer
Vehicle Registration Specialist
Automotive Sales Executive
Contracts Administrator
Finance Manager
Insurance Coordinator
Documentation Specialist
Operations Manager
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