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1. Parties: Identifies and provides full details of the Assignor (current owner) and Assignee (new owner), including their full legal names, ID numbers, and addresses
2. Background: Establishes the context of the agreement, confirming the Assignor's ownership of the vehicle and desire to transfer it to the Assignee
3. Definitions: Defines key terms used throughout the agreement, including 'Vehicle', 'Assignment Date', 'Purchase Price', and other relevant terms
4. Vehicle Details: Comprehensive description of the vehicle including make, model, year, color, engine number, chassis number, and registration number
5. Assignment: Core clause establishing the transfer of ownership from Assignor to Assignee
6. Purchase Price and Payment: Specifies the agreed purchase price and payment terms, including payment method and timing
7. Representations and Warranties: Assignor's warranties regarding vehicle ownership, condition, and absence of encumbrances
8. Completion: Details of the completion process, including documentation, registration transfer, and handover requirements
9. Costs and Taxes: Allocation of costs related to the transfer, including registration fees and applicable taxes
10. Governing Law and Jurisdiction: Specifies Hong Kong law as governing law and Hong Kong courts' jurisdiction
1. Condition of Vehicle: Detailed description of the vehicle's condition, recommended when selling used vehicles or where specific defects need to be documented
2. Outstanding Loans: Include when there are existing loans or encumbrances that need to be cleared as part of the transaction
3. Insurance Arrangements: Include when specific insurance transfer or new insurance arrangements need to be documented
4. Maintenance Records: Include when transferring maintenance history and obligations, particularly for newer or luxury vehicles
5. Post-Completion Obligations: Include when there are specific actions required after completion, such as repair commitments or documentation requirements
6. Broker or Agent Provisions: Include when a broker or agent is involved in the transaction
1. Schedule 1 - Vehicle Specifications: Detailed technical specifications of the vehicle, including all modifications and features
2. Schedule 2 - Vehicle Inspection Report: Recent inspection report detailing the condition and roadworthiness of the vehicle
3. Schedule 3 - Payment Schedule: If payment is to be made in installments, details of payment dates and amounts
4. Schedule 4 - Required Documents: List of all documents required for the transfer of ownership and registration
5. Appendix A - Vehicle Photographs: Recent photographs of the vehicle documenting its condition at time of transfer
6. Appendix B - Maintenance Records: Copies of service history and maintenance records
Assignee
Assignor
Assignment Date
Business Day
Completion
Completion Date
Encumbrance
Hong Kong
Insurance Policy
Liabilities
License
Parties
Purchase Price
Registration Documents
Regulatory Authority
Related Documents
Transfer Documents
Transport Department
Vehicle
Vehicle Documents
Vehicle Identification Number
Vehicle License
Vehicle Registration
Warranties
Assignment
Purchase Price
Payment Terms
Completion
Vehicle Condition
Representations and Warranties
Title Transfer
Registration Requirements
Insurance
Liabilities
Risk and Property
Costs and Expenses
Tax Obligations
Further Assurance
Notices
Force Majeure
Entire Agreement
Severability
Amendments
Assignment and Transfer
Third Party Rights
Counterparts
Governing Law
Dispute Resolution
Automotive
Transportation
Fleet Management
Vehicle Leasing
Car Dealership
Insurance
Financial Services
Legal Services
Corporate Services
Legal
Compliance
Fleet Management
Operations
Finance
Procurement
Risk Management
Administrative Services
Corporate Services
Vehicle Administration
Fleet Manager
Automotive Sales Manager
Legal Counsel
Corporate Secretary
Compliance Officer
Vehicle Administration Officer
Procurement Manager
Asset Manager
Operations Director
Finance Manager
Insurance Coordinator
Vehicle Registration Officer
Contract Administrator
Risk Manager
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