Bill Of Sale Contract For Car for Malaysia

Bill Of Sale Contract For Car Template for Malaysia

A legal document governed by Malaysian law that formalizes the transfer of ownership of a motor vehicle from seller to buyer. This contract captures essential details including the vehicle specifications, sale price, warranties, and conditions of sale, while ensuring compliance with Malaysian road transport regulations and contract law requirements. It serves as official documentation of the transaction and includes provisions for vehicle registration transfer, payment terms, and seller's warranties regarding the vehicle's condition and legal status.

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What is a Bill Of Sale Contract For Car?

The Bill of Sale Contract For Car is a crucial legal document used in Malaysia when transferring ownership of a motor vehicle from one party to another. This document is essential for both private and commercial vehicle sales, providing legal protection for both buyers and sellers under Malaysian jurisdiction. It includes comprehensive details about the vehicle, parties involved, purchase price, and terms of sale, while ensuring compliance with the Road Transport Act 1987 and other relevant Malaysian legislation. The contract serves as evidence of the transaction and is often required for vehicle registration transfer at the Road Transport Department (JPJ), insurance purposes, and financing documentation.

What sections should be included in a Bill Of Sale Contract For Car?

1. Parties: Identification of the seller and buyer with their full legal names, identification numbers, and addresses

2. Background: Brief context of the transaction and confirmation of seller's ownership and right to sell

3. Definitions: Key terms used in the agreement including 'Vehicle', 'Purchase Price', 'Completion Date', etc.

4. Vehicle Details: Complete description of the vehicle including make, model, year, color, engine number, chassis number, and registration number

5. Sale and Purchase: Core terms of the sale including purchase price, payment terms, and transfer of ownership

6. Seller's Representations and Warranties: Seller's declarations regarding vehicle ownership, condition, and absence of encumbrances

7. Transfer of Title: Process and obligations for transferring vehicle ownership documentation

8. Completion: Details of when and how the sale will be completed, including delivery of vehicle and documentation

9. Governing Law: Specification that Malaysian law governs the agreement

What sections are optional to include in a Bill Of Sale Contract For Car?

1. Condition of Vehicle: Detailed description of vehicle condition, including known defects - used when selling used vehicles

2. Payment Schedule: Include when purchase price is to be paid in installments

3. Vehicle Inspection: Terms for pre-purchase inspection rights - relevant for used vehicles

4. Accessories and Modifications: List of additional items or modifications included in the sale - used when vehicle has been modified

5. Insurance Transfer: Terms regarding transfer of existing insurance - relevant if existing insurance is being transferred

6. Dispute Resolution: Specific procedures for handling disputes - recommended for high-value vehicles

What schedules should be included in a Bill Of Sale Contract For Car?

1. Schedule 1 - Vehicle Specification: Detailed technical specifications of the vehicle

2. Schedule 2 - Vehicle Condition Report: Comprehensive report on vehicle condition including photographs

3. Schedule 3 - Service History: Details of vehicle maintenance and service history

4. Schedule 4 - Included Accessories: List of all accessories and additional items included in the sale

5. Appendix A - Required Documentation: Checklist of all documents required for the transfer of ownership

Authors

Alex Denne

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

Jurisdiction

Malaysia

Publisher

Genie AI

Document Type

Sale Agreement

Cost

Free to use
Relevant Industries

Automotive

Transportation

Fleet Management

Vehicle Leasing

Car Dealership

Insurance

Financial Services

Logistics

Relevant Teams

Legal

Procurement

Sales

Compliance

Operations

Finance

Administrative

Risk Management

Asset Management

Relevant Roles

Legal Counsel

Fleet Manager

Procurement Manager

Sales Manager

Compliance Officer

Contract Administrator

Business Development Manager

Vehicle Asset Manager

Risk Manager

Operations Manager

Administrative Officer

Finance 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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