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Absolute Deed Of Sale Of Motor Vehicle
"I need an Absolute Deed of Sale of Motor Vehicle for selling my company's fleet of three Toyota Hilux trucks to a construction company, with settlement scheduled for March 15, 2025, including provisions for GST and staged payments."
1. Parties: Identifies and provides full details of the seller and purchaser, including names, addresses, and contact information
2. Background: Sets out the context of the sale, confirming the seller's ownership and intention to sell, and the buyer's intention to purchase
3. Definitions: Defines key terms used throughout the deed, including 'Vehicle', 'Purchase Price', 'Settlement Date', and other relevant terms
4. Sale and Purchase: States the core agreement to sell and purchase the vehicle, including the purchase price and payment terms
5. Seller's Warranties: Lists the seller's warranties regarding vehicle ownership, condition, and absence of encumbrances
6. Transfer of Ownership: Specifies the process and timing of ownership transfer, including registration transfer requirements
7. Risk and Insurance: Determines when risk passes to the purchaser and insurance requirements
8. Settlement and Completion: Details the settlement process, including timing, location, and requirements for completion
9. Governing Law: Confirms that the deed is governed by New Zealand law
1. Third Party Interests: Required when there are existing finance arrangements or other third-party interests that need to be discharged
2. Special Conditions: Used when there are specific conditions that must be met before or after the sale
3. GST Provisions: Required when either party is GST registered and the sale is part of a taxable activity
4. Dispute Resolution: Optional section detailing specific dispute resolution procedures
5. Joint Owners: Required when the vehicle is jointly owned or being purchased by multiple parties
1. Schedule 1 - Vehicle Details: Comprehensive details of the vehicle including make, model, year, VIN, registration number, odometer reading, and modifications
2. Schedule 2 - Vehicle Condition Report: Detailed report on the vehicle's condition, including any known defects or damage
3. Schedule 3 - Payment Schedule: Required if payment is to be made in installments or involves multiple payment components
4. Appendix A - Vehicle Documentation: Copies of registration papers, WoF, service history, and other relevant documentation
5. Appendix B - Photographs: Current photographs of the vehicle documenting its condition at the time of sale
Authors
Automotive
Transportation
Fleet Management
Legal Services
Vehicle Trading
Insurance
Finance and Banking
Retail
Corporate Services
Vehicle Leasing
Legal
Compliance
Fleet Management
Operations
Administration
Finance
Procurement
Risk Management
Asset Management
Sales
Contract Management
Fleet Manager
Legal Counsel
Compliance Officer
Vehicle Sales Manager
Administrative Officer
Contract Administrator
Business Owner
Operations Manager
Finance Manager
Risk Manager
Legal Secretary
Vehicle Trader
Procurement Officer
Asset Manager
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