Deed Of Absolute Sale Motor Vehicle Template for Saudi Arabia

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Key Requirements PROMPT example:

Deed Of Absolute Sale Motor Vehicle

"I need a Deed of Absolute Sale Motor Vehicle for selling my company's fleet of three Toyota Camry 2022 vehicles to ABC Logistics Corporation, with payment to be made in three installments between January and March 2025, including specific conditions about maintenance history and current vehicle condition."

Document background
The Deed of Absolute Sale Motor Vehicle is a crucial legal document used in Saudi Arabia to formalize and document the transfer of ownership of a motor vehicle between parties. This document is essential for any vehicle sale transaction in Saudi Arabia, whether between individuals or companies, and must comply with both Saudi traffic laws and Islamic Sharia principles. It includes comprehensive details about the vehicle, parties involved, purchase terms, and warranties, serving as the primary evidence of the transaction for registration purposes with the Traffic Department (Muroor). The deed is particularly important as it helps prevent future disputes by clearly documenting the transfer of ownership and the conditions of sale, while ensuring all necessary regulatory requirements are met. It's commonly used in both private sales and commercial transactions, requiring proper execution and authentication to be legally valid under Saudi law.
Suggested Sections

1. Parties: Identification of the Seller and Buyer with complete details including name, ID/Iqama number, address, and contact information

2. Background: Brief context of the sale transaction and confirmation that the Seller is the legitimate owner of the vehicle

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

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

5. Sale and Purchase: Core terms of the sale including the purchase price, payment terms, and explicit transfer of ownership

6. Seller's Representations and Warranties: Warranties regarding vehicle ownership, absence of liens, vehicle condition, and compliance with traffic regulations

7. Transfer of Registration: Obligations regarding the transfer of vehicle registration at the Traffic Department

8. Payment Terms: Detailed description of the payment method, timing, and confirmation of receipt

9. Handover: Terms regarding physical delivery of the vehicle and related documents

10. Governing Law: Confirmation that the deed is governed by Saudi Arabian law and Sharia principles

11. Execution: Signature blocks and execution formalities

Optional Sections

1. Vehicle Inspection: Detailed findings of pre-sale inspection, used when the sale is contingent on inspection results

2. Outstanding Fines and Violations: Declaration and allocation of responsibility for any existing traffic violations or fines, included if there are known issues

3. Financing Arrangements: Details of any financing or installment payment arrangements, included if the purchase is not paid in full

4. Special Conditions: Any special agreements or conditions specific to the transaction

5. Post-Sale Obligations: Specific commitments or warranties extending beyond the sale date

6. Insurance Transfer: Terms regarding the transfer or cancellation of existing insurance policies

Suggested Schedules

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

2. Schedule 2 - Vehicle Condition Report: Detailed report on the current condition of the vehicle including any existing damage or repairs

3. Schedule 3 - Payment Schedule: If applicable, detailed schedule of installment payments

4. Schedule 4 - Vehicle Documents: List of all documents being transferred with the vehicle (registration, maintenance records, etc.)

5. Appendix A - Photographs: Recent photographs of the vehicle documenting its condition at the time of sale

6. Appendix B - Service History: Complete service and maintenance history of the vehicle

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

Relevant legal definitions
Clauses
Relevant Industries

Automotive

Transportation

Fleet Management

Logistics

Car Dealership

Vehicle Leasing

Insurance

Banking and Finance

Government Services

Private Transportation

Relevant Teams

Legal

Procurement

Administration

Compliance

Sales

Operations

Finance

Risk Management

Corporate Secretariat

Fleet Operations

Documentation

Contracts

Relevant Roles

Fleet Manager

Legal Counsel

Procurement Manager

Administrative Officer

Compliance Officer

Sales Manager

Vehicle Operations Manager

Finance Manager

Risk Manager

Corporate Secretary

Operations Director

Transportation Manager

Logistics Coordinator

Contract Administrator

Documentation Specialist

Industries
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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