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1. Parties: Identification and contact details of both parties (lender and borrower)
2. Background: Brief context of the agreement and relationship between parties
3. Definitions: Key terms used throughout the agreement
4. Vehicle Details: Comprehensive description of the vehicle including make, model, year, VIN, registration number
5. Purchase Price and Payment Terms: Total amount to be paid, payment schedule, installment amounts, and payment methods
6. Transfer of Ownership: Terms regarding when and how ownership will transfer
7. Default and Remedies: Consequences of missed payments and resolution procedures
8. Representations and Warranties: Statements about the vehicle's condition and parties' authority to enter agreement
9. Term and Termination: Duration of the agreement and conditions for early termination
10. Governing Law: Specification that Indian law governs the agreement
1. Insurance Requirements: Use when specifying mandatory insurance coverage during the payment period
2. Maintenance Responsibilities: Use when defining who will be responsible for vehicle maintenance during the payment period
3. Early Payment Provisions: Use when allowing for early payment options or specifying related discounts
4. Co-signer Details: Use when a third party is guaranteeing the payments
5. Usage Restrictions: Use when specific limitations on vehicle use need to be imposed
6. Dispute Resolution: Use when parties want to specify mediation or arbitration before legal action
1. Schedule A - Payment Schedule: Detailed breakdown of payment dates and amounts
2. Schedule B - Vehicle Inspection Report: Detailed condition report of the vehicle at time of agreement
3. Schedule C - Vehicle Documents: Copies of registration, insurance, and other relevant vehicle documents
4. Appendix 1 - Photographs: Photos of the vehicle documenting its condition at time of agreement
5. Appendix 2 - Maintenance Records: Historical maintenance records of the vehicle if available
Vehicle
Purchase Price
Down Payment
Monthly Payment
Payment Due Date
Parties
Seller
Buyer
Default
Transfer Date
Effective Date
Outstanding Balance
Payment Schedule
Vehicle Documents
Registration Certificate
Insurance
Force Majeure
Business Day
Maintenance
Material Breach
Possession Date
Term
Transfer of Ownership
Vehicle Identification Number (VIN)
Warranty
Vehicle Transfer
Title and Ownership
Default and Remedies
Insurance Requirements
Vehicle Maintenance
Representations and Warranties
Risk and Liability
Force Majeure
Dispute Resolution
Governing Law
Amendment and Modification
Notices
Assignment
Severability
Entire Agreement
Termination
Registration and Documentation
Vehicle Usage
Indemnification
Automotive
Financial Services
Legal Services
Insurance
Personal Transportation
Private Lending
Legal
Finance
Compliance
Risk Management
Document Processing
Advisory Services
Contract Administration
Legal Counsel
Paralegal
Financial Advisor
Personal Finance Consultant
Automotive Sales Manager
Contract Administrator
Legal Document Specialist
Risk Management Officer
Compliance Officer
Property Manager
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