The Truck Purchase Agreement is a vital commercial document used in Malaysia for the acquisition of commercial vehicles. It is particularly important for businesses expanding their fleet or replacing existing vehicles, ensuring compliance with Malaysian transport regulations and commercial law. This agreement type is essential when purchasing new or used trucks, detailing everything from vehicle specifications and price to warranties and after-sales support. The document must comply with various Malaysian regulations including the Road Transport Act 1987 and Commercial Vehicles Licensing Board Act 1987. It's commonly used by transportation companies, manufacturers, and any business requiring heavy vehicles for their operations, providing legal protection for both buyer and seller while ensuring all regulatory requirements are met.
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1. Parties: Identifies and provides full details of the seller and purchaser
2. Background: Contextual information about the transaction and the parties' intentions
3. Definitions: Defines key terms used throughout the agreement
4. Sale and Purchase: Core terms of the transaction including price, payment terms, and transfer of ownership
5. Vehicle Specifications: Detailed description of the truck including make, model, specifications, and condition
6. Delivery and Acceptance: Terms regarding delivery location, timing, inspection, and acceptance procedures
7. Price and Payment: Purchase price, payment schedule, and payment methods
8. Registration and Documentation: Requirements for vehicle registration and transfer of ownership documents
9. Warranties and Representations: Warranties provided by seller and representations made by both parties
10. Regulatory Compliance: Compliance with Malaysian road transport and commercial vehicle regulations
11. Risk and Insurance: Transfer of risk and insurance requirements
12. Termination: Circumstances and procedures for terminating the agreement
13. Governing Law and Jurisdiction: Specification of Malaysian law as governing law and jurisdiction for disputes
14. General Provisions: Standard boilerplate clauses including notices, amendments, and severability
1. Financing Terms: Include when purchase involves financing or hire-purchase arrangements
2. Fleet Purchase Terms: Include for multiple vehicle purchases with specific fleet requirements
3. Training and Support: Include when seller provides driver training or specialized technical support
4. Trade-In Terms: Include when transaction involves trade-in of existing vehicles
5. Extended Warranty: Include when additional warranty coverage is being purchased
6. Maintenance Agreement: Include when ongoing maintenance services are part of the purchase
7. Environmental Compliance: Include specific environmental standards compliance when relevant to vehicle type
1. Schedule 1 - Vehicle Specifications: Detailed technical specifications of the truck
2. Schedule 2 - Price Breakdown: Itemized breakdown of purchase price including taxes and fees
3. Schedule 3 - Delivery Schedule: Detailed delivery timeline and requirements
4. Schedule 4 - Warranty Terms: Complete warranty terms and conditions
5. Schedule 5 - Required Documentation: List of registration and ownership transfer documents
6. Schedule 6 - Inspection Checklist: Pre-delivery inspection requirements and acceptance criteria
7. Appendix A - Vehicle Photos: Photographs documenting condition of vehicle at time of sale
8. Appendix B - Maintenance Records: If applicable, service history and maintenance records
Relevant legal definitions
Agreement
Business Day
Commencement Date
Completion Date
Consideration
Deposit
Delivery Location
Delivery Date
Identity Card
Insurance Policy
JPJ
Purchase Price
Payment Schedule
Registration Card
Registration Number
Seller
Purchaser
Specifications
Transaction Documents
Transfer Documents
Vehicle
Vehicle Registration
Vehicle License
Warranty Period
Warranty Terms
Certificate of Fitness
Maintenance Records
Manufacturer
Road Tax
Technical Documentation
Purchase Order
Acceptance Certificate
Inspection Report
Commercial Vehicle License
Defect
Force Majeure Event
Intellectual Property Rights
Material Adverse Effect
Security Interest
Title Documents
Business Day
Commencement Date
Completion Date
Consideration
Deposit
Delivery Location
Delivery Date
Identity Card
Insurance Policy
JPJ
Purchase Price
Payment Schedule
Registration Card
Registration Number
Seller
Purchaser
Specifications
Transaction Documents
Transfer Documents
Vehicle
Vehicle Registration
Vehicle License
Warranty Period
Warranty Terms
Certificate of Fitness
Maintenance Records
Manufacturer
Road Tax
Technical Documentation
Purchase Order
Acceptance Certificate
Inspection Report
Commercial Vehicle License
Defect
Force Majeure Event
Intellectual Property Rights
Material Adverse Effect
Security Interest
Title Documents
Clauses
Sale and Purchase
Payment Terms
Delivery
Title Transfer
Vehicle Registration
Warranties
Representations
Regulatory Compliance
Insurance
Inspection and Acceptance
Documentation
Risk Transfer
Force Majeure
Termination
Default
Remedies
Indemnification
Confidentiality
Assignment
Notices
Governing Law
Dispute Resolution
Entire Agreement
Severability
Amendment
Waiver
Third Party Rights
Costs
Authority
Counterparts
Time of Essence
Further Assurance
Vehicle Specifications
Registration Requirements
Maintenance Obligations
Environmental Compliance
Road Tax Compliance
Commercial Vehicle Licensing
Payment Terms
Delivery
Title Transfer
Vehicle Registration
Warranties
Representations
Regulatory Compliance
Insurance
Inspection and Acceptance
Documentation
Risk Transfer
Force Majeure
Termination
Default
Remedies
Indemnification
Confidentiality
Assignment
Notices
Governing Law
Dispute Resolution
Entire Agreement
Severability
Amendment
Waiver
Third Party Rights
Costs
Authority
Counterparts
Time of Essence
Further Assurance
Vehicle Specifications
Registration Requirements
Maintenance Obligations
Environmental Compliance
Road Tax Compliance
Commercial Vehicle Licensing
Relevant Industries
Transportation & Logistics
Manufacturing
Construction
Mining
Agriculture
Retail Distribution
Waste Management
Oil & Gas
Food & Beverage Distribution
Industrial Services
Relevant Teams
Legal
Procurement
Operations
Finance
Logistics
Fleet Management
Supply Chain
Risk & Compliance
Commercial
Relevant Roles
Fleet Manager
Procurement Manager
Operations Director
Logistics Manager
Transport Manager
Commercial Director
Legal Counsel
Finance Manager
Supply Chain Manager
Chief Operations Officer
Business Development Manager
Contract Administrator
Risk Manager
Compliance Officer
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