Motorcycle Sale Deed Template for Philippines

The Motorcycle Sale Deed is a crucial legal document used in the Philippines when transferring ownership of a motorcycle from one party to another. This document is essential for both private sales and commercial transactions, providing a legally binding agreement that protects both buyer and seller. The deed must comply with requirements set forth in the Civil Code of the Philippines, the Land Transportation and Traffic Code (RA 4136), and various LTO regulations. It includes detailed information about the motorcycle, parties involved, purchase price, payment terms, and warranties, while also addressing registration transfer requirements. The document becomes particularly important for establishing clear ownership rights, facilitating registration transfers, and preventing future disputes regarding the sale transaction.

1. Parties: Identifies and provides complete details of the Seller and Buyer, including their full legal names, addresses, and government-issued ID numbers

2. Background: Brief context of the transaction and confirmation that the Seller is the lawful owner of the motorcycle

3. Definitions: Defines key terms used throughout the deed, including 'Vehicle', 'Purchase Price', 'Transfer Date', etc.

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

5. Purchase Price: States the agreed purchase price and confirms the sufficiency of consideration

6. Payment Terms: Specifies the method, timing, and conditions of payment

7. Transfer of Ownership: Details the process and timing of ownership transfer, including documentation requirements

8. Seller's Representations and Warranties: Seller's guarantees regarding motorcycle ownership, condition, and absence of liens or encumbrances

9. Buyer's Acknowledgments: Buyer's confirmation of motorcycle inspection and acceptance of its condition

10. Registration and Documentation: Responsibilities for transfer of registration and required government documentation

11. Governing Law: Specifies that the deed is governed by Philippine law

12. Execution: Signature block with spaces for parties' signatures, government ID numbers, and witnesses