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Truck Sale Agreement Template for Malaysia

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Key Requirements PROMPT example:

Truck Sale Agreement

"I need a Truck Sale Agreement for the sale of a fleet of 5 Mitsubishi Fuso trucks from my logistics company to a construction firm in Kuala Lumpur, with payment in installments and delivery scheduled for March 2025."

Document background
The Truck Sale Agreement is a vital legal document used in Malaysia for transactions involving the sale and purchase of commercial trucks. This agreement is essential when any business or individual is looking to acquire or sell a truck, whether new or used, and needs to ensure the transaction is properly documented and legally binding. The document is structured to comply with Malaysian regulations, including the Road Transport Act 1987, Sale of Goods Act 1957, and Commercial Vehicles Licensing Board Act 1987. It covers critical aspects such as vehicle specifications, payment terms, warranties, delivery conditions, and ownership transfer procedures. The agreement is particularly important for protecting both parties' interests and ensuring all regulatory requirements are met in the Malaysian context.
Suggested Sections

1. Parties: Identification of the seller and buyer with complete details including registration numbers for companies

2. Background: Context of the sale and brief description of the transaction

3. Definitions: Definitions of key terms used throughout the agreement

4. Sale and Purchase: Core terms of the sale including the specific truck details and agreed purchase price

5. Payment Terms: Details of the payment schedule, method, and any deposit requirements

6. Delivery: Terms regarding the delivery or collection of the truck, including timing and location

7. Vehicle Condition and Inspection: Details of the truck's condition, any known issues, and pre-delivery inspection requirements

8. Warranties and Representations: Warranties regarding ownership, condition, and compliance with regulations

9. Transfer of Title and Risk: Terms regarding when and how ownership and risk transfer to the buyer

10. Registration and Documentation: Requirements for transfer of registration and necessary documentation

11. Governing Law and Jurisdiction: Specification of Malaysian law as governing law and jurisdiction for disputes

Optional Sections

1. Financing Terms: Include when the sale involves hire-purchase or other financing arrangements

2. Insurance: Include when specific insurance requirements need to be met before transfer

3. Training and Handover: Include for complex vehicles requiring specific operational training

4. Maintenance History: Include for used trucks with significant service history

5. Environmental Compliance: Include when dealing with specialized trucks requiring specific environmental certificates

6. Import/Export Provisions: Include for cross-border sales requiring customs clearance

7. Intellectual Property: Include when the truck includes specialized technology or branded elements

8. Non-Compete: Include when selling to competitors or in specialized markets

Suggested Schedules

1. Schedule 1 - Vehicle Specifications: Detailed technical specifications of the truck including make, model, year, VIN, and features

2. Schedule 2 - Payment Schedule: Detailed breakdown of payment terms if involving multiple payments

3. Schedule 3 - Delivery Protocol: Specific procedures for inspection and acceptance at delivery

4. Schedule 4 - Warranty Terms: Detailed warranty terms and conditions if manufacturer warranty is included

5. Schedule 5 - Required Documentation: List of all documents required for the transfer

6. Appendix A - Vehicle Condition Report: Detailed report of the truck's condition including photographs

7. Appendix B - Maintenance Records: Historical maintenance and repair records for used trucks

8. Appendix C - Compliance Certificates: Copies of relevant regulatory compliance certificates

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

Transportation & Logistics

Construction

Manufacturing

Mining

Agriculture

Waste Management

Retail Distribution

Oil & Gas

Food & Beverage Distribution

Automotive

Infrastructure Development

Warehousing

Import/Export

Relevant Teams

Legal

Procurement

Operations

Fleet Management

Finance

Risk & Compliance

Supply Chain

Sales

Contract Administration

Asset Management

Relevant Roles

Fleet Manager

Procurement Manager

Operations Director

Commercial Director

Transport Manager

Logistics Manager

Business Owner

Contract Manager

Legal Counsel

Finance Manager

Sales Manager

Vehicle Asset Manager

Supply Chain Manager

Chief Operations Officer

Risk 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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