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1. Parties: Identification of the seller/lessor and buyer/lessee with complete details including CNIC numbers
2. Background: Context of the agreement and brief description of the transaction structure
3. Definitions: Key terms used throughout the agreement including Vehicle, Rental Period, Purchase Option, etc.
4. Vehicle Details: Comprehensive description of the vehicle including make, model, year, color, chassis number, and registration number
5. Term and Payment Structure: Duration of the agreement, monthly payment amounts, and total purchase price
6. Purchase Option: Terms and conditions for exercising the purchase option and transfer of ownership
7. Delivery and Possession: Conditions for vehicle delivery and maintenance of possession
8. Insurance and Registration: Requirements for vehicle insurance and registration responsibilities
9. Maintenance and Repairs: Responsibilities for vehicle maintenance, repairs, and associated costs
10. Default and Termination: Consequences of payment default and conditions for agreement termination
11. Transfer of Title: Process and conditions for the final transfer of vehicle ownership
12. Governing Law: Specification of Pakistani law as governing law and jurisdiction
13. Signatures: Execution clause and signature blocks for all parties
1. Islamic Finance Compliance: Section detailing compliance with Islamic financial principles - required if the agreement needs to be Shariah-compliant
2. Third-Party Guarantor: Terms related to any guarantor of the buyer's obligations - included when a guarantor is part of the transaction
3. Early Purchase Option: Terms for early completion of purchase - included when early purchase is allowed
4. Vehicle Usage Restrictions: Specific restrictions on vehicle use - included for commercial vehicles or special-purpose vehicles
5. Cross-Border Usage: Terms for using the vehicle outside Pakistan - included if international travel is anticipated
1. Schedule 1 - Vehicle Specification: Detailed technical specifications and condition report of the vehicle
2. Schedule 2 - Payment Schedule: Detailed breakdown of all payments including rental amounts and purchase price components
3. Schedule 3 - Insurance Requirements: Specific insurance coverage requirements and terms
4. Schedule 4 - Maintenance Schedule: Required maintenance schedule and service intervals
5. Appendix A - Vehicle Inspection Report: Initial condition report with photographs and noted defects
6. Appendix B - Required Documentation: List of required documents for both parties including registration papers and insurance certificates
Vehicle
Commencement Date
Completion Date
Rental Period
Rental Payment
Purchase Option
Purchase Price
Outstanding Balance
Transfer Date
Registration Certificate
CNIC
Lessor
Lessee
Insurance Coverage
Default Event
Force Majeure
Maintenance Schedule
Normal Wear and Tear
Vehicle Documents
Security Deposit
Early Purchase Option
Transfer Fee
Registration Authority
Excise and Taxation Department
Delivery Location
Business Day
Due Date
Insurance Provider
Maintenance Records
Registration Number
Engine Number
Chassis Number
Permitted Use
Territory
Guarantor
Event of Default
Termination Date
Initial Payment
Stamp Duty
Applicable Law
Islamic Financial Principles
Ijarah
Maintenance Obligations
Payment Schedule
Term
Payment Terms
Purchase Option
Vehicle Delivery
Title and Ownership
Registration and Documentation
Insurance
Maintenance and Repairs
Usage Restrictions
Risk and Liability
Default and Remedies
Termination
Force Majeure
Assignment
Notices
Confidentiality
Dispute Resolution
Governing Law
Severability
Entire Agreement
Warranty
Indemnification
Vehicle Return
Security Deposit
Islamic Finance Compliance
Amendment
Third Party Rights
Representations and Warranties
Costs and Expenses
Automotive
Financial Services
Banking
Insurance
Islamic Finance
Transportation
Fleet Management
Vehicle Leasing
Retail Automotive
Legal
Finance
Sales
Operations
Compliance
Risk Management
Credit
Documentation
Islamic Banking
Vehicle Leasing
Fleet Management
Customer Service
Fleet Manager
Finance Manager
Legal Counsel
Automotive Sales Manager
Credit Officer
Contract Administrator
Risk Manager
Compliance Officer
Vehicle Leasing Specialist
Operations Manager
Islamic Finance Specialist
Automotive Finance Manager
Business Development Manager
Documentation Specialist
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