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Deed Of Sale Motor Vehicle

Deed Of Sale Motor Vehicle Template for Philippines

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Key Requirements PROMPT example:

Deed Of Sale Motor Vehicle

"I need a Deed of Sale Motor Vehicle for my 2020 Toyota Camry that I'm selling to a private buyer in Manila, with full payment to be made in cash on March 15, 2025, and I want to include warranties about the vehicle's condition and accident history."

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Document background
The Deed of Sale Motor Vehicle is a crucial legal document used in the Philippines for transferring ownership of motor vehicles, whether between private individuals or corporate entities. It serves as the primary evidence of the sale transaction and is required by the Land Transportation Office (LTO) for vehicle registration transfer. The document must comply with Philippine Civil Code provisions regarding sales contracts and specific LTO regulations for vehicle transfers. It includes comprehensive details about the vehicle, parties involved, purchase price, and warranty terms. This deed is essential for protecting both buyer's and seller's interests and ensuring proper documentation for regulatory compliance, tax purposes, and future resale considerations.
Suggested Sections

1. Parties: Identification of the Seller and Buyer with complete names, addresses, and government ID details

2. Background: Brief context of the sale and confirmation of Seller's ownership of the vehicle

3. Definitions: Definition of key terms used in the deed

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

5. Sale and Purchase: Core agreement of sale, including purchase price and confirmation of transfer of ownership

6. Payment Terms: Details of the payment amount, method, and timing

7. Warranties and Representations: Seller's warranties regarding vehicle ownership, condition, and absence of liens

8. Transfer of Registration: Obligations regarding the transfer of vehicle registration to the Buyer

9. Delivery: Details of vehicle handover including timing and location

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

11. Execution: Signature block with notarization provisions

Optional Sections

1. Conditional Sale Provisions: Used when the sale is subject to installment payments or specific conditions

2. Encumbrances: Required if there are existing liens or encumbrances on the vehicle that need to be disclosed

3. Insurance Transfer: Include when existing vehicle insurance needs to be transferred or addressed

4. Third-Party Authorization: Required when either party is acting through an authorized representative

5. Dispute Resolution: Optional detailed provisions for handling disputes, including mediation or arbitration clauses

6. Vehicle Inspection Report: Used when a formal inspection is part of the sale agreement

Suggested Schedules

1. Schedule A - Vehicle Specifications: Detailed technical specifications and features of the vehicle

2. Schedule B - Payment Schedule: Required for installment sales, detailing payment dates and amounts

3. Schedule C - Inspection Report: Detailed report of vehicle condition at time of sale

4. Schedule D - Photographs: Photos of the vehicle documenting its condition at sale

5. Appendix 1 - Vehicle Documents: List of all registration, insurance, and maintenance documents transferred

6. Appendix 2 - Proof of Ownership: Copies of current registration and proof of seller's 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

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant Industries

Automotive

Transportation

Fleet Management

Vehicle Leasing

Car Dealership

Insurance

Banking and Finance

Logistics

Private Transportation

Public Transportation

Relevant Teams

Legal

Procurement

Operations

Fleet Management

Administrative

Compliance

Finance

Risk Management

Sales

Asset Management

Relevant Roles

Fleet Manager

Procurement Officer

Legal Counsel

Compliance Officer

Administrative Manager

Vehicle Operations Manager

Sales Manager

Contract Administrator

Risk Manager

Finance Manager

Corporate Secretary

Operations Director

Logistics Manager

Asset Manager

Industries
Republic Act No. 4136: Land Transportation and Traffic Code - Provides the primary regulations for motor vehicle registration, transfer of ownership, and requirements for operating vehicles on public roads
Republic Act No. 7394: Consumer Act of the Philippines - Protects buyers from deceptive sales practices and ensures disclosure of vehicle condition
Republic Act No. 8484: Access Devices Regulation Act - Relevant when payment is made through electronic means or credit cards
Civil Code of the Philippines (Republic Act No. 386): Particularly Book IV on Obligations and Contracts, which governs the general principles of sales contracts and transfer of ownership
National Internal Revenue Code: Governs the payment of capital gains tax, value-added tax, and other applicable taxes in vehicle sales
Land Transportation Office (LTO) Administrative Order No. 2008-013: Specific guidelines for the registration and transfer of motor vehicles
Republic Act No. 10963 (TRAIN Law): Tax Reform for Acceleration and Inclusion Law - Affects the computation of vehicle transfer taxes and VAT
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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