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Deed Of Sale Automobile

Deed Of Sale Automobile Template for Philippines

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Key Requirements PROMPT example:

Deed Of Sale Automobile

"I need a Deed of Sale Automobile for my used Toyota Camry 2020 that I'm selling to a private buyer in Manila, with the transaction to be completed by March 15, 2025; the sale will be all-cash and I want to include a clause about the vehicle being sold 'as-is'."

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Document background
The Deed of Sale Automobile is a crucial legal instrument in the Philippines used to formalize and document the transfer of ownership of a motor vehicle. This document is essential for both private and commercial vehicle sales, required by the Land Transportation Office (LTO) and other government agencies for vehicle registration transfer. It serves as proof of the transaction and protects both buyer's and seller's interests by clearly stating the terms of sale, vehicle condition, and warranties. The deed must comply with Philippine legal requirements, including proper notarization and specific content mandated by the Civil Code and transportation regulations. It's commonly used in dealership sales, private party transactions, and corporate fleet transfers, forming the foundation for legitimate vehicle ownership transfer and subsequent registration processes.
Suggested Sections

1. Parties: Identification of the Seller and Buyer with complete names, addresses, and tax identification numbers

2. Background: Brief context of the transaction and confirmation that the Seller owns the vehicle

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

4. Subject Matter: Detailed description of the vehicle including make, model, year, color, engine number, chassis number, plate number, and registration details

5. Consideration: Purchase price, payment terms, and acknowledgment of receipt

6. Transfer of Ownership: Clear statement transferring all rights, title, and interest in the vehicle from Seller to Buyer

7. Seller's Representations and Warranties: Warranties regarding vehicle ownership, condition, absence of liens, and legal authority to sell

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

9. Delivery and Registration: Terms regarding physical delivery and transfer of registration documents

10. Governing Law: Specification that Philippine law governs the deed

11. Execution: Signature block with notarization provisions

Optional Sections

1. Financing Terms: Include when the purchase involves installment payments or financing arrangements

2. Encumbrances: Include when there are existing liens or encumbrances that need to be disclosed and addressed

3. Special Conditions: Include when there are specific conditions that must be met before or after the sale

4. Insurance: Include when transfer of insurance coverage needs to be addressed

5. Dispute Resolution: Include when parties want to specify mediation or arbitration procedures

6. Warranties for Modified Vehicles: Include when the vehicle has undergone modifications or customization

Suggested Schedules

1. Vehicle Details Schedule: Comprehensive technical specifications and features of the vehicle

2. Vehicle Condition Report: Detailed assessment of the vehicle's current condition, including photographs

3. Maintenance Records: History of vehicle maintenance and repairs

4. Payment Schedule: If installment payments are involved, detailed breakdown of payment terms

5. List of Accessories: Inventory of additional accessories or modifications included in the sale

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 Industries

Automotive

Banking and Finance

Insurance

Legal Services

Transportation

Fleet Management

Retail

Corporate Services

Logistics

Vehicle Leasing

Relevant Teams

Legal

Administrative

Compliance

Sales

Finance

Operations

Procurement

Risk Management

Documentation

Vehicle Registration

Relevant Roles

Legal Counsel

Fleet Manager

Administrative Officer

Compliance Officer

Sales Manager

Finance Manager

Corporate Secretary

Risk Manager

Operations Manager

Procurement Officer

Auto Dealer

Legal Assistant

Documentation Specialist

Vehicle Registration Officer

Business Owner

Industries
Civil Code of the Philippines (Republic Act No. 386): Provides the fundamental rules on contracts, sales, and transfer of ownership. Articles 1305-1422 specifically deal with contracts, while Articles 1458-1637 govern sales.
Consumer Act of the Philippines (Republic Act No. 7394): Protects buyers' interests and rights, particularly regarding warranties, product quality, and disclosure requirements in vehicle sales.
Land Transportation and Traffic Code (Republic Act No. 4136): Governs the registration and transfer of motor vehicles, including requirements for documentation and procedures for transferring vehicle ownership.
TRAIN Law (Republic Act No. 10963): Contains provisions on value-added tax (VAT) applicable to vehicle sales and transfers, including tax rates and exemptions.
National Internal Revenue Code: Specifies the tax obligations and documentary stamp tax requirements for vehicle transfers and sales documents.
Anti-Carnapping Act of 2016 (Republic Act No. 10883): Requires proper documentation and verification of vehicle ownership to prevent fraudulent sales and transfers.
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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