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The Vehicle Sale Purchase Agreement is a crucial legal document used in Malaysia when transferring ownership of a vehicle from seller to buyer. It is essential for both private and commercial vehicle sales, providing a legally binding framework that protects all parties' interests. The agreement must comply with Malaysian regulations, particularly the Road Transport Act 1987 and related legislation. It includes comprehensive details about the vehicle, parties involved, financial terms, warranties, and transfer procedures. This document is commonly used by individuals, car dealerships, and corporations for new and used vehicle transactions, ensuring proper documentation of the sale and preventing future disputes regarding the transaction terms or vehicle condition.

1. Parties: Identification of the seller and purchaser with complete details including name, ID/registration number, and address

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

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

4. Vehicle Details: Comprehensive description of the vehicle including make, model, year, color, engine number, chassis number, and registration number

5. Purchase Price: Agreed purchase price and payment terms including deposit and balance payment details

6. Seller's Representations and Warranties: Seller's declarations regarding vehicle ownership, condition, and absence of encumbrances

7. Transfer of Ownership: Process and obligations regarding the transfer of vehicle ownership and registration

8. Delivery: Terms and conditions for vehicle handover including timing and location

9. Vehicle Condition: Statement of vehicle condition at time of sale and any known defects

10. Taxes and Costs: Allocation of responsibility for transfer fees, road tax, insurance, and other costs

11. Default and Remedies: Consequences of breach and available remedies for either party

12. Governing Law: Specification of Malaysian law as governing law and jurisdiction

13. Execution: Signature blocks and execution formalities