All Countries
Mergers & Acquisitions
Car Ownership Transfer Agreement

Car Ownership Transfer Agreement Template for Philippines

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Car Ownership Transfer Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Car Ownership Transfer Agreement

"I need a Car Ownership Transfer Agreement for selling my 2020 Toyota Camry to a private buyer in Manila, with a planned transfer date of March 15, 2025, including installment payment terms over 12 months."

Celebrated by
Collaborations with
Investors
Document background
The Car Ownership Transfer Agreement is an essential legal document used in the Philippines when transferring ownership of a motor vehicle between parties. It is required for both private and commercial vehicle transfers and must comply with the Land Transportation Office (LTO) regulations, Republic Act No. 4136, and relevant tax laws. This agreement should be used whenever a vehicle ownership transfer occurs, whether between private individuals, corporate entities, or through dealerships. The document includes crucial information such as vehicle specifications, payment terms, warranties, and responsibilities of both parties. It serves as a foundation for the LTO registration transfer process and provides legal protection for both buyer and seller by clearly documenting the terms of the transfer.
Suggested Sections

1. Parties: Identification and details of the Seller and Buyer, including complete names, addresses, and government-issued ID numbers

2. Background: Brief context of the transaction and current ownership status of the vehicle

3. Definitions: Definitions of key terms used throughout the agreement

4. Vehicle Details: Comprehensive description of the vehicle including make, model, year, color, engine number, chassis number, plate number, and other identifying details

5. Purchase Price and Payment Terms: Agreed purchase price, payment method, and schedule of payments if applicable

6. Transfer of Ownership: Terms and process of transferring vehicle ownership, including registration transfer requirements

7. Seller's Representations and Warranties: Seller's declarations regarding vehicle condition, ownership, liens, and encumbrances

8. Buyer's Acknowledgments: Buyer's confirmation of vehicle inspection and acceptance of condition

9. Transfer Process and Documentation: Steps and requirements for completing the transfer with the LTO and other relevant authorities

10. Taxes and Fees: Allocation of responsibility for transfer taxes, registration fees, and other associated costs

11. Governing Law: Specification that the agreement is governed by Philippine law

12. Execution: Signature blocks and execution requirements

Optional Sections

1. Installment Payment Terms: Detailed terms for installment payments if the purchase is not paid in full - use when payment is made in installments

2. Security Interest: Terms regarding retention of security interest by seller until full payment - use when there are installment payments

3. Insurance Transfer: Terms for transferring or obtaining vehicle insurance - use when existing insurance policy is being transferred

4. Outstanding Loans: Details of any outstanding car loans and their settlement - use when the vehicle has existing financing

5. Intermediary Details: Information about any dealers or agents involved - use when the sale is through a third party

6. Maintenance Records: Details of vehicle maintenance history - use when there is a significant maintenance history to be disclosed

Suggested Schedules

1. Schedule A - Vehicle Inspection Report: Detailed report of vehicle condition, including photographs and noted defects

2. Schedule B - Payment Schedule: Detailed breakdown of payment terms and dates if installment payment is agreed

3. Schedule C - Vehicle Documents: List of all documents being transferred, including registration, insurance, maintenance records

4. Schedule D - Deed of Absolute Sale: The official deed of sale required by Philippine regulations

5. Appendix 1 - Vehicle Photographs: Recent photographs of the vehicle showing its current condition

6. Appendix 2 - LTO Requirements Checklist: Checklist of all documents required by the Land Transportation Office for transfer

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

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant legal definitions
Agreement
Vehicle
Seller
Buyer
Purchase Price
Completion Date
Transfer Date
Deed of Absolute Sale
Certificate of Registration
Official Receipt
LTO
Encumbrances
Closing
Effective Date
Payment Terms
Registration Documents
Transfer Documents
Vehicle Identification Number
Engine Number
Chassis Number
Plate Number
Insurance Policy
Warranties
Business Day
Governing Law
Force Majeure
Authorized Representative
Transfer Taxes
Registration Fees
MVIR (Motor Vehicle Inspection Report)
Liens
Outstanding Balance
Security Interest
Default
Notice
Relevant Industries

Automotive

Transportation

Fleet Management

Car Dealership

Insurance

Financial Services

Legal Services

Corporate Services

Private Transportation

Vehicle Leasing

Relevant Teams

Legal

Compliance

Administrative

Fleet Management

Procurement

Risk Management

Operations

Corporate Services

Sales

Documentation

Relevant Roles

Fleet Manager

Legal Counsel

Automotive Sales Manager

Compliance Officer

Administrative Officer

Corporate Secretary

Vehicle Operations Manager

Risk Manager

Procurement Manager

Legal Administrator

Car Dealership Manager

Transportation Coordinator

Company Director

Business Owner

Property Manager

Industries
Republic Act No. 4136: Land Transportation and Traffic Code - The primary legislation governing motor vehicles in the Philippines, including provisions for transfer of ownership and registration requirements
NIRC Section 107: National Internal Revenue Code provisions on VAT for vehicle transfers - Covers the tax implications and requirements for transferring vehicle ownership
Republic Act No. 7394: Consumer Act of the Philippines - Protects the rights of both buyer and seller in the transfer transaction, including provisions about disclosure of vehicle condition
LTO Administrative Order No. 2008-013: Guidelines for motor vehicle registration and transfer - Specific procedures and requirements for transferring vehicle ownership through the Land Transportation Office
Republic Act No. 10620: An Act Requiring the Mandatory Registration of Motor Vehicles - Ensures compliance with registration requirements during ownership transfer
Civil Code of the Philippines (Republic Act No. 386): Particularly Articles 1458-1637 on Sales - Governs the general principles of sale and transfer of ownership of properties including vehicles
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

Find the exact document you need

Intellectual Property Assignment

A Philippine law-compliant agreement for transferring intellectual property rights between parties, governed by the Intellectual Property Code of the Philippines.

find out more

Partnership Interest Transfer Agreement

A Philippine law-governed agreement facilitating the transfer of partnership interests between parties, detailing terms, conditions, and regulatory compliance requirements.

find out more

Shop Ownership Transfer Agreement

A legal agreement under Philippine law facilitating the complete transfer of shop ownership, including assets, licenses, and operational rights from seller to buyer.

find out more

Assignment In Lease Agreement

A legal document under Philippine law that transfers lease rights and obligations from an existing tenant to a new tenant, while maintaining the original lease terms.

find out more

Assignment Of Membership Interest

A Philippine law-governed agreement that documents and executes the transfer of membership interests from an assignor to an assignee in a business entity.

find out more

Money Transfer Contract

A Philippine-law governed agreement establishing terms and conditions for transferring funds between parties, ensuring compliance with local banking and anti-money laundering regulations.

find out more

Transfer Contract

A legally binding document under Philippine law that facilitates and documents the transfer of ownership, rights, or interests in property or assets between parties.

find out more

Assignment Of Lease Landlord To Landlord

A Philippine law-governed document that transfers all landlord rights and obligations under an existing lease from one landlord to another while preserving the tenant's position.

find out more

Car Ownership Transfer Agreement

A Philippine-compliant agreement for transferring vehicle ownership between parties, meeting LTO requirements and local transportation laws.

find out more

Cession Agreement

A Philippine law-governed agreement facilitating the transfer of rights, interests, or claims from one party to another, with specific local legal compliance requirements.

find out more

Business Asset Transfer Agreement

A Philippine law-governed agreement facilitating the transfer of business assets between entities, detailing terms, conditions, and compliance requirements.

find out more

Source Code Transfer Agreement

A Philippine law-governed agreement for transferring software source code ownership and rights between parties, ensuring legal compliance with local IP and technology transfer regulations.

find out more

Simple Business Sale Agreement

A Philippine law-governed agreement for the sale and purchase of a business, outlining key terms, conditions, and transaction requirements.

find out more

Real Estate Transfer Agreement

A legally binding agreement under Philippine law that documents and executes the transfer of real estate property ownership between parties.

find out more

Note Transfer Agreement

A Philippine law-governed agreement documenting the transfer of a negotiable instrument between parties, ensuring compliance with local banking and securities regulations.

find out more

Interest Transfer Agreement

A Philippine law-governed agreement facilitating the transfer of legal or beneficial interests in property, shares, or other assets between parties.

find out more

Intercompany Contract

A Philippine law-governed agreement regulating commercial relationships and transactions between related companies within the same corporate group.

find out more

Equity Transfer Contract

A Philippine law-governed contract facilitating the transfer of corporate shares between parties, detailing terms, conditions, and compliance requirements.

find out more

Business Transfer Of Ownership Contract

A legally binding agreement under Philippine law that documents the complete transfer of business ownership, including all assets, liabilities, and obligations from seller to buyer.

find out more

Assignment Of Limited Partnership Interest

A Philippine law-governed agreement for transferring limited partnership interests from an existing partner to a new partner, including terms of transfer and regulatory compliance requirements.

find out more

Small Business Transfer Agreement

A Philippine law-governed agreement for transferring ownership of a small business, detailing sale terms, assets, and obligations between seller and buyer.

find out more

Commercial Transfer Agreement

A Philippine law-governed agreement facilitating the transfer of commercial assets or property rights between parties, ensuring compliance with local regulations and tax requirements.

find out more

Agreement To Transfer Ownership Of Property

A Philippine law-compliant agreement that formally transfers property ownership from one party to another, including all essential terms and registration requirements.

find out more

Transfer Of Property Rights Agreement

A Philippine law-governed agreement facilitating the legal transfer of property rights between parties, ensuring compliance with local property laws and regulations.

find out more

Software Source Code Transfer Agreement

A comprehensive agreement for transferring software source code ownership and rights under Philippine law, ensuring compliance with local intellectual property and technology transfer regulations.

find out more

Promissory Note Transfer Agreement

A Philippine law-governed agreement for transferring rights and interests in a promissory note from one holder to another, ensuring legal compliance with local negotiable instruments law.

find out more

Software Ownership Transfer Agreement

A Philippine law-governed agreement for transferring complete ownership rights of software and related intellectual property from one party to another.

find out more

Unit Transfer Agreement

A legal agreement under Philippine law governing the transfer of ownership rights in a condominium or property unit between parties.

find out more

Simple Transfer Of Ownership Agreement

A Philippine law-compliant agreement that facilitates the legal transfer of property ownership from one party to another, including essential terms and conditions.

find out more

Intra Group Transfer Agreement

A Philippine law-governed agreement facilitating transfers between related corporate entities, ensuring legal compliance and protecting stakeholder interests.

find out more

Property Transfer Contract

A legally binding agreement under Philippine law for transferring real property ownership between parties, ensuring compliance with local property regulations and registration requirements.

find out more

Intercompany Asset Transfer Agreement

A Philippine law-governed agreement for transferring assets between related companies, ensuring regulatory compliance and documenting transfer terms.

find out more

Wire Transfer Agreement

A Philippine law-governed agreement establishing terms and conditions for wire transfers between financial institutions and customers, compliant with BSP regulations.

find out more

Partnership Transfer Agreement

A legal document governed by Philippine law that facilitates the transfer of partnership interests between parties, outlining terms, conditions, and compliance requirements.

find out more

Business Transfer Contract

A Philippine law-governed agreement facilitating the complete transfer of business ownership, assets, and operations between entities.

find out more

Software Transfer Agreement

A Philippine law-governed agreement for transferring software ownership and rights between parties, ensuring compliance with local regulations and protecting both parties' interests.

find out more

Bond Transfer Agreement

A Philippine law-governed agreement facilitating the legal transfer of bonds between parties, ensuring compliance with local securities regulations and transfer requirements.

find out more

Software License Transfer Agreement

A legally binding agreement for transferring software license rights between parties under Philippine law, ensuring compliance with local IP and technology transfer regulations.

find out more

Conveyance Agreement

A legal document under Philippine law that facilitates the transfer of real property ownership, detailing terms, conditions, and compliance requirements for property conveyance.

find out more

Land Transfer Agreement

A legal document governed by Philippine law that formalizes the transfer of land ownership between parties, including all necessary provisions for registration and tax compliance.

find out more

Transfer Of Rights Contract

A Philippine law-governed agreement facilitating the formal transfer of rights, ownership, or interests between parties, requiring notarization and possible governmental registration.

find out more

License Transfer Agreement

A Philippine law-governed agreement facilitating the transfer of license rights between parties, ensuring compliance with local intellectual property regulations and documenting transfer terms.

find out more

Profit And Loss Transfer Agreement

A Philippine law-governed agreement establishing profit and loss transfer mechanisms between related companies within a corporate group.

find out more

Money Transfer Agreement

A Philippine law-governed agreement establishing terms for money transfer services, incorporating local regulatory requirements and compliance obligations.

find out more

Liability Transfer Agreement

A Philippine law-governed agreement facilitating the formal transfer of specified liabilities between parties, ensuring regulatory compliance and proper documentation.

find out more

Equity Transfer Agreement

A Philippine law-governed agreement documenting the transfer of corporate shares or equity interests between parties, including terms, conditions, and regulatory compliance requirements.

find out more

Asset Transfer Agreement

A legally binding agreement under Philippine law that documents and executes the transfer of assets between parties, ensuring compliance with local regulations and proper recording of the transaction.

find out more

Rights Transfer Agreement

A Philippine law-governed agreement facilitating the legal transfer of ownership rights between parties, ensuring compliance with local regulations and protecting all parties' interests.

find out more

Loan Transfer Agreement

A Philippine law-governed agreement facilitating the transfer of loan rights and obligations from one lender to another, compliant with local banking regulations and civil code requirements.

find out more

Contract Transfer Agreement

A legal document governed by Philippine law that enables the transfer of contractual rights and obligations from one party to another, with necessary consents and compliance requirements.

find out more

Data Transfer Agreement

A Philippine law-compliant agreement governing the transfer of personal data between organizations, adhering to the Data Privacy Act of 2012 and related regulations.

find out more

Title Transfer Agreement

A legal agreement under Philippine law that documents and executes the transfer of property ownership rights from a transferor to a transferee.

find out more

Bill Of Sale Assignment And Assumption Agreement

A Philippine law-governed agreement that combines asset sale with the transfer of associated rights and obligations from seller to buyer.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: https://www.genieai.co/our-research
Oops! Something went wrong while submitting the form.

Genie’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; Genie’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our Trust Centre for more details and real-time security updates.

Read our Privacy Policy.