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Bike Sale Agreement

Bike Sale Agreement Template for Malaysia

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Key Requirements PROMPT example:

Bike Sale Agreement

"I need a Bike Sale Agreement for selling my Kawasaki Ninja 650 to a private buyer in Kuala Lumpur, with a 3-month warranty period and completion date set for March 15, 2025."

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Document background
The Bike Sale Agreement is a crucial legal document used in Malaysia for documenting the sale and purchase of motorcycles between parties. It's essential for both private sales and commercial transactions, ensuring compliance with Malaysian legislation including the Sale of Goods Act 1957, Consumer Protection Act 1999, and Road Transport Act 1987. This agreement should be used whenever a motorcycle ownership transfer occurs, as it provides legal protection for both parties and includes vital information such as vehicle details, price, payment terms, warranties, and transfer procedures. The document is particularly important in Malaysia where motorcycle ownership transfer requires proper documentation for registration with the Road Transport Department (JPJ).
Suggested Sections

1. Parties: Identifies and provides full details of the seller and buyer, including names, identification numbers, and addresses

2. Background: Brief context of the transaction and purpose of the agreement

3. Definitions: Defines key terms used throughout the agreement

4. Subject Matter of Sale: Detailed description of the bike being sold, including make, model, year, registration number, and chassis number

5. Purchase Price: States the agreed purchase price and payment terms

6. Transfer of Ownership: Specifies the conditions and process for transferring ownership of the bike

7. Seller's Representations: Seller's warranties regarding ownership, condition of the bike, and absence of encumbrances

8. Buyer's Acknowledgments: Buyer's confirmation of inspection and acceptance of the bike's condition

9. Completion: Details of the completion process, including documentation and registration transfer requirements

10. Governing Law: Specifies that Malaysian law governs the agreement

Optional Sections

1. Warranty Terms: Include when the seller provides additional warranties beyond statutory requirements

2. Financing Arrangements: Include when the purchase involves financing or installment payments

3. Condition Precedents: Include when completion is subject to specific conditions being met

4. Insurance: Include when specific insurance arrangements need to be made as part of the sale

5. Delivery Terms: Include when delivery arrangements are complex or involve third parties

6. After-Sale Services: Include when the seller provides maintenance or service commitments

Suggested Schedules

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

2. Schedule 2 - Condition Report: Detailed report of the bike's condition, including any existing damage or wear

3. Schedule 3 - Service History: Documentation of maintenance and service history

4. Schedule 4 - Payment Schedule: If applicable, detailed breakdown of installment payments

5. Schedule 5 - Required Documents: List of documents required for ownership transfer

6. Appendix A - Photographs: Dated photographs of the bike documenting its condition at sale

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 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

Retail

Transportation

Motor Trade

Vehicle Leasing

Consumer Goods

Vehicle Finance

Relevant Teams

Legal

Sales

Compliance

Finance

Operations

Documentation

Customer Service

Business Development

Risk Management

Administrative

Relevant Roles

Sales Manager

Dealership Manager

Legal Counsel

Compliance Officer

Finance Manager

Vehicle Documentation Specialist

Business Development Manager

Contract Administrator

Retail Manager

Operations Manager

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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