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Agreement To Sell A Car Privately Template for Malaysia

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Key Requirements PROMPT example:

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."

Document background
The Agreement To Sell A Car Privately is a crucial legal document used in Malaysia when conducting private vehicle sales between individuals. This agreement is designed to protect both the seller's and buyer's interests by clearly documenting the terms of sale, vehicle specifications, and transfer conditions. It incorporates requirements from various Malaysian legislations, including the Contracts Act 1950, Road Transport Act 1987, and relevant consumer protection laws. The document is particularly important as it helps prevent future disputes by clearly stating the vehicle's condition, sale price, payment terms, and the process for transferring ownership at the Road Transport Department (JPJ). It serves as essential evidence of the transaction and helps ensure compliance with local regulatory requirements regarding vehicle ownership transfer.
Suggested Sections

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

Optional Sections

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

Suggested Schedules

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

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 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

Legal Services

Financial Services

Insurance

Transportation

Consumer Services

Private Individual Transactions

Relevant Teams

Legal

Compliance

Risk Management

Documentation

Administrative Support

Contract Management

Customer Service

Vehicle Sales

Relevant Roles

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

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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