Automobile Release Of Liability Form

Automobile Release Of Liability Form Template for Malaysia

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Key Requirements PROMPT example:

"I need an Automobile Release of Liability Form for the sale of my Toyota Camry to a private buyer in Kuala Lumpur, with the transfer scheduled for March 15, 2025; the document should include comprehensive protection against future traffic violations and accidents."

Document background

The Automobile Release Of Liability Form is a critical document in Malaysian vehicle transactions that provides legal protection for vehicle sellers by formally documenting the transfer of liability to the new owner. This document becomes necessary whenever a vehicle changes ownership, whether in private sales, dealer transactions, or corporate fleet transfers. It includes essential information such as vehicle details, party information, and specific terms of liability release, all structured to comply with Malaysian legislation including the Road Transport Act 1987 and related regulations. The form helps prevent future disputes regarding liability for accidents, violations, or other incidents involving the vehicle after the transfer date, making it an essential tool in protecting sellers' interests in vehicle transactions.

Suggested Sections

1. Parties: Identifies and provides full details of the seller (releasor) and buyer (releasee), including their full legal names, MyKad numbers, and addresses

2. Background: Brief context about the vehicle sale/transfer and purpose of the liability release

3. Definitions: Defines key terms used in the document including 'Vehicle', 'Liability', 'Effective Date', and 'Transfer Date'

4. Vehicle Details: Comprehensive details of the vehicle including make, model, year, registration number, chassis number, and engine number

5. Release Statement: Clear statement releasing the seller from all future liabilities related to the vehicle from the effective date

6. Buyer's Acknowledgments: Statements confirming buyer's acceptance of vehicle condition and assumption of all future liabilities

7. Effective Date: Specifies when the release of liability takes effect

8. Governing Law: Confirms the agreement is governed by Malaysian law

9. Signatures: Space for parties' signatures, witness details, and dates

Optional Sections

1. Insurance Transfer: Details regarding the transfer or cancellation of insurance policies, used when specific insurance arrangements need to be documented

2. Outstanding Loans: Declaration regarding any outstanding loans or encumbrances on the vehicle, included when relevant

3. Warranty Disclaimer: Additional disclaimers regarding vehicle condition and future performance, used in as-is sales

4. Road Tax Status: Details about current road tax validity and transfer responsibilities, included when tax transfer timing is relevant

5. Dispute Resolution: Specific procedures for handling disputes, included in higher-value transactions

Suggested Schedules

1. Schedule A - Vehicle Inspection Report: Detailed report of vehicle condition at time of transfer, including photographs and noted defects

2. Schedule B - Vehicle Documentation: Copies of vehicle registration card, previous insurance certificates, and maintenance records

3. Schedule C - Transfer Checklist: Checklist of all items and documents transferred between parties

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok��˰� | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Automotive

Insurance

Transportation

Fleet Management

Vehicle Leasing

Used Car Sales

Automotive Finance

Legal Services

Corporate Services

Relevant Teams

Legal

Compliance

Risk Management

Fleet Operations

Sales Administration

Documentation

Corporate Secretariat

Administrative Services

Vehicle Operations

Relevant Roles

Legal Counsel

Fleet Manager

Compliance Officer

Risk Manager

Vehicle Sales Manager

Insurance Claims Manager

Administrative Officer

Corporate Secretary

Documentation Specialist

Automotive Finance Manager

Used Car Sales Executive

Legal Administrator

Contract Administrator

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