Document background
The Commercial Truck Bill of Sale is a crucial legal document used in Malaysia when transferring ownership of commercial trucks between parties. This document is essential for compliance with Malaysian transport regulations, particularly the Road Transport Act 1987 and Commercial Vehicles Licensing Board Act 1987. It should be used whenever a commercial truck is being sold or purchased, whether between companies or individuals. The document includes comprehensive details about the vehicle (including specifications, condition, and registration information), seller and buyer information, purchase price, payment terms, and warranties. It serves multiple purposes: providing legal proof of ownership transfer, protecting both parties' interests, facilitating vehicle registration transfer, and ensuring compliance with Malaysian commercial vehicle regulations. The Commercial Truck Bill of Sale is particularly important for business record-keeping and may be required for financing, insurance, and regulatory purposes.
