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Agreement To Sell A Car Privately
"I need an Agreement To Sell A Car Privately for my 2020 Honda Civic, where I'm selling it to a private buyer for a cash payment of RM45,000, with the transaction and ownership transfer to be completed by March 15, 2025."
1. Parties: Identifies and provides full details of the seller and buyer, including their names, IC numbers, addresses, and contact information
2. Background: Brief context explaining that the seller owns the vehicle and wishes to sell it to the buyer
3. Definitions: Defines key terms used in the agreement including 'Vehicle', 'Purchase Price', 'Completion Date', etc.
4. Sale and Purchase: Core terms of the transaction including the agreement to sell and purchase the vehicle
5. Purchase Price and Payment: Specifies the agreed price and payment terms, including deposit and balance payment details
6. Completion: Details of when and how the sale will be completed, including transfer of ownership and handover of vehicle
7. Seller's Representations and Warranties: Seller's declarations about the vehicle's condition, ownership, and freedom from encumbrances
8. Vehicle Documents: Lists all documents to be provided by the seller including registration card, maintenance records, etc.
9. Transfer of Ownership: Process and obligations regarding the transfer of vehicle ownership at JPJ (Road Transport Department)
10. Governing Law: Specifies that Malaysian law governs the agreement
11. Execution: Signature blocks for parties and witnesses
1. Condition Precedents: Used when there are specific conditions that must be met before the sale can proceed, such as loan approval or vehicle inspection
2. Vehicle Inspection: Include when the buyer wishes to have the right to inspect the vehicle or obtain an independent assessment
3. Outstanding Loans: Include when there is an existing loan on the vehicle that needs to be settled as part of the sale
4. Additional Items: Used when extra items are included in the sale (spare parts, modifications, etc.)
5. Termination: Include when parties want specific provisions for cancelling the agreement
6. Deposit Protection: Include when a significant deposit is paid and specific protections are needed
1. Schedule 1 - Vehicle Details: Comprehensive details of the vehicle including make, model, year, color, chassis number, engine number, registration number, and mileage
2. Schedule 2 - Vehicle Condition Report: Detailed description of the vehicle's current condition, including any known defects or damage
3. Schedule 3 - List of Documents: Itemized list of all documents to be handed over with the vehicle
4. Schedule 4 - Payment Schedule: If payment is to be made in installments or involves multiple components
5. Appendix A - Photographs: Recent photographs of the vehicle documenting its condition at the time of sale
Authors
Automotive
Legal Services
Financial Services
Insurance
Transportation
Consumer Services
Private Individual Transactions
Legal
Compliance
Risk Management
Documentation
Administrative Support
Contract Management
Customer Service
Vehicle Sales
Legal Counsel
Paralegal
Contract Administrator
Compliance Officer
Risk Manager
Vehicle Sales Manager
Documentation Specialist
Legal Administrator
Private Seller
Private Buyer
Insurance Agent
Bank Loan Officer
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