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Car Sale Deed Agreement
"I need a Car Sale Deed Agreement for my car dealership in Manila to sell a new 2024 Toyota Fortuner to a corporate client, with payment to be made in three installments between January and March 2025, including comprehensive warranties and maintenance package details."
1. Parties: Identification of the Seller and Buyer with complete legal names, addresses, and government-issued ID details as required by Philippine regulations
2. Background: Brief context of the sale transaction and confirmation that the Seller is the legitimate owner 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 registration details
5. Sale and Purchase: Core terms of the sale including the agreed purchase price and confirmation of the transfer of ownership
6. Payment Terms: Details of the payment amount, method, and schedule if applicable
7. Seller's Representations and Warranties: Seller's declarations regarding vehicle ownership, condition, and absence of liens or encumbrances
8. Transfer of Ownership: Process and obligations regarding the transfer of registration and other documentation with the LTO
9. Taxes and Fees: Allocation of responsibility for transfer taxes, registration fees, and other applicable charges
10. Delivery and Acceptance: Terms regarding the physical transfer of the vehicle and acceptance conditions
11. Governing Law: Specification that the agreement is governed by Philippine law
12. Execution: Signature blocks for parties and witnesses as required under Philippine law
1. Condition Report: Detailed description of the vehicle's current condition, to be included when selling used vehicles or when specifically requested by the buyer
2. Payment Security: Additional terms regarding payment security measures, to be included when payment is in installments or when using post-dated checks
3. Insurance: Provisions regarding transfer or procurement of insurance, particularly relevant when there is a gap between sale and delivery
4. Dispute Resolution: Specific procedures for handling disputes, recommended for high-value vehicles or complex payment arrangements
5. Third-Party Authorization: Required when either party is acting through an authorized representative
6. Inspection Period: Terms allowing buyer inspection and potential withdrawal, useful for remote purchases or when buyer hasn't fully inspected the vehicle
1. Schedule 1 - Vehicle Inspection Report: Detailed technical inspection report of the vehicle's condition, including photographs
2. Schedule 2 - Vehicle Documents: Copies of registration papers, insurance certificates, and maintenance records
3. Schedule 3 - Payment Schedule: If payment is in installments, detailed breakdown of payment dates and amounts
4. Schedule 4 - Deed of Absolute Sale: The official deed format required by the LTO for vehicle transfer
5. Appendix A - Vehicle Photographs: Recent photographs of the vehicle from multiple angles, including any existing damage
6. Appendix B - Maintenance History: Record of vehicle maintenance and repairs
Authors
Vehicle
Purchase Price
Completion Date
Effective Date
Seller
Buyer
Certificate of Registration
Official Receipt
Deed of Absolute Sale
LTO
Encumbrances
Registration Documents
Vehicle Documents
Delivery Date
Payment Terms
Force Majeure
Warranties
Transfer Documents
Closing
Business Day
Notice
Governing Law
Liens
Material Defect
Roadworthiness
Insurance Policy
Authorized Representative
Witness
Place of Registration
Chassis Number
Engine Number
Plate Number
Conduction Sticker
Transfer Fees
Documentary Requirements
Default
Confidential Information
Consideration
Recitals
Definitions
Sale and Purchase
Purchase Price
Payment Terms
Vehicle Description
Representations and Warranties
Title Transfer
Delivery
Registration and Documentation
Taxes and Fees
Insurance
Condition of Vehicle
Seller's Obligations
Buyer's Obligations
Risk and Possession
Warranties and Indemnities
Default
Force Majeure
Confidentiality
Notices
Assignment
Severability
Entire Agreement
Amendment
Governing Law
Dispute Resolution
Further Assurance
Costs
Execution
Automotive
Retail
Transportation
Fleet Management
Car Dealership
Vehicle Leasing
Insurance
Financial Services
Legal Services
Corporate Services
Legal
Sales
Operations
Finance
Procurement
Administration
Compliance
Risk Management
Documentation
Corporate Secretariat
Legal Counsel
Sales Manager
Fleet Manager
Compliance Officer
Administrative Officer
Finance Manager
Procurement Officer
Business Owner
General Manager
Operations Manager
Legal Assistant
Corporate Secretary
Risk Manager
Vehicle Asset Manager
Documentation Specialist
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