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Vehicle Sale Agreement Between Two Parties
"I need a Vehicle Sale Agreement Between Two Parties for selling my used Toyota Land Cruiser to a private buyer in Saudi Arabia, with installment payments over 6 months starting March 2025, including provisions for vehicle inspection and maintenance history disclosure."
1. Parties: Identification of the seller and buyer with full legal names, addresses, and national ID/Iqama numbers
2. Background: Brief context of the sale transaction and confirmation that the seller owns the vehicle
3. Definitions: Key terms used in the agreement including 'Vehicle', 'Purchase Price', 'Completion Date', etc.
4. Vehicle Details: Comprehensive description of the vehicle including make, model, year, color, VIN, registration number, and mileage
5. Purchase Price and Payment: Agreed purchase price, payment method, and payment schedule if applicable
6. Seller's Representations and Warranties: Seller's declarations regarding vehicle ownership, condition, and absence of encumbrances
7. Transfer of Ownership: Process and obligations for transferring vehicle ownership through official channels
8. Completion Requirements: Documentation and steps required to complete the sale
9. Risk and Insurance: Transfer of risk and insurance responsibilities
10. Governing Law and Jurisdiction: Confirmation of Saudi law application and jurisdiction
1. Financing Terms: Required if the purchase involves third-party financing or installment payments
2. Known Defects: Detailed disclosure of any known issues or defects, particularly important for used vehicles
3. Post-Sale Services: Any agreed maintenance or service arrangements after sale
4. Vehicle History: Detailed service history and previous ownership information if available
5. Intermediary Details: Required if a broker or dealer is involved in the transaction
6. Return Policy: Terms for vehicle return or exchange if agreed upon
7. Arbitration: Alternative dispute resolution procedures if parties wish to avoid court proceedings
1. Schedule 1 - Vehicle Specification: Detailed technical specifications and features of the vehicle
2. Schedule 2 - Vehicle Condition Report: Comprehensive report on the vehicle's condition including photographs
3. Schedule 3 - Required Documents: List of all documents required for the transfer of ownership
4. Schedule 4 - Payment Schedule: If payment is in installments, detailed payment dates and amounts
5. Appendix A - Vehicle Inspection Report: Third-party inspection report if conducted
6. Appendix B - Service History: Documentation of vehicle's service and maintenance history
Authors
Vehicle
Purchase Price
Completion Date
Completion
Seller
Buyer
Parties
Business Day
Deposit
Encumbrance
Registration Certificate
Transfer Documents
Vehicle Documents
Warranties
Defects
Effective Date
Force Majeure
Insurance
Intellectual Property Rights
Liabilities
Payment Terms
Representatives
Saudi Traffic Department
Title
Transfer of Ownership
VAT
Vehicle Identification Number (VIN)
Vehicle License
Vehicle Registration
Condition Report
Inspection Report
Maintenance Records
Previous Owner
Service History
Technical Specifications
Outstanding Fines
Governing Law
Confidential Information
Sale and Purchase
Purchase Price
Payment Terms
Deposit
Vehicle Description
Transfer of Title
Seller's Representations and Warranties
Buyer's Representations and Warranties
Condition of Vehicle
Vehicle Registration
Documentation Requirements
Insurance
Risk Transfer
Defects and Damages
Inspection Rights
Delivery
Completion
Default
Termination
Force Majeure
Confidentiality
Notices
Assignment
Amendments
Entire Agreement
Severability
Waiver
Costs
Governing Law
Jurisdiction
Dispute Resolution
Third Party Rights
Counterparts
Automotive
Retail
Transportation
Fleet Management
Vehicle Leasing
Insurance
Banking & Finance
Legal Services
Legal
Sales
Operations
Finance
Compliance
Risk Management
Documentation
Customer Service
Business Development
Sales Manager
Legal Counsel
Fleet Manager
Automotive Dealer
Compliance Officer
Contract Administrator
Vehicle Sales Representative
Operations Manager
Finance Manager
Documentation Specialist
Risk Manager
Business Development Manager
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