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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."
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
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
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
Transportation & Logistics
Construction
Manufacturing
Mining
Agriculture
Waste Management
Retail Distribution
Oil & Gas
Food & Beverage Distribution
Automotive
Infrastructure Development
Warehousing
Import/Export
Legal
Procurement
Operations
Fleet Management
Finance
Risk & Compliance
Supply Chain
Sales
Contract Administration
Asset Management
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
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