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The Scrap Vehicle Sale Agreement is essential for transactions involving end-of-life vehicles in Malaysia. It is used when a vehicle owner wishes to legally dispose of a vehicle that is no longer roadworthy or has reached the end of its useful life. The document ensures compliance with Malaysian regulations, including the Road Transport Act 1987 and Environmental Quality Act 1974. It covers crucial elements such as ownership transfer, environmental requirements, and liability provisions. This agreement is particularly important given Malaysia's strict regulations on vehicle disposal and environmental protection. It protects both sellers and buyers by clearly documenting the transaction terms, vehicle condition, and respective obligations. The agreement is designed to facilitate proper vehicle disposal while maintaining a clear audit trail for regulatory purposes.

1. Parties: Identifies and provides full details of the seller and buyer, including name, identification number, and address

2. Background: Sets out the context of the agreement, stating that the seller owns a scrap vehicle and wishes to sell it to the buyer

3. Definitions: Defines key terms used throughout the agreement, including 'Vehicle', 'Completion Date', 'Purchase Price', etc.

4. Sale and Purchase: Details the core transaction - the seller's agreement to sell and the buyer's agreement to purchase the scrap vehicle

5. Purchase Price and Payment: Specifies the agreed price and payment terms, including method and timing of payment

6. Condition of Vehicle: Describes the current condition of the vehicle and explicitly states it is being sold as scrap

7. Seller's Representations: Seller's warranties regarding ownership, right to sell, and vehicle status

8. Transfer of Ownership: Details the process and requirements for transferring ownership, including deregistration requirements

9. Environmental Compliance: Specifies requirements for handling hazardous materials and environmental regulations

10. Completion: Sets out the completion process, including delivery/collection arrangements

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

12. Execution: Signature blocks and execution formalities