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Conditional Deed Of Sale Of Motor Vehicle
"I need a Conditional Deed of Sale of Motor Vehicle for selling my Toyota Corolla to an individual buyer in Karachi, with payment structured in 12 monthly installments starting March 2025, and ownership transfer only after final payment."
1. Parties: Identifies and provides full details of the Seller and Buyer, including their names, CNICs, addresses, and contact information
2. Background: Brief context about the transaction and the parties' intention to enter into a conditional sale agreement
3. Definitions: Defines key terms used throughout the agreement including 'Vehicle', 'Purchase Price', 'Completion Date', etc.
4. Vehicle Details: Comprehensive description of the vehicle including make, model, year, registration number, chassis number, and engine number
5. Sale and Purchase: Core agreement terms stating the seller's intention to sell and buyer's intention to purchase under specified conditions
6. Purchase Price: States the total purchase price and payment structure, including any deposits and installments
7. Payment Terms: Detailed terms of payment including installment amounts, due dates, and payment methods
8. Conditions Precedent: Specific conditions that must be met before the sale becomes final
9. Transfer of Title: Terms regarding when and how vehicle ownership will transfer to the buyer
10. Seller's Representations: Warranties and representations about the vehicle's condition, ownership, and legal status
11. Buyer's Obligations: Responsibilities of the buyer including maintenance, insurance, and usage restrictions during the conditional period
12. Default and Remedies: Consequences of default in payment or breach of conditions by either party
13. Governing Law: Specifies that the agreement is governed by Pakistani law and relevant jurisdictions
1. Insurance Requirements: Detailed insurance obligations when specific insurance terms are required beyond standard coverage
2. Third-Party Authorization: Used when a third party is involved in financing or guaranteeing the purchase
3. Vehicle Maintenance Terms: Specific maintenance requirements during the conditional period for high-value or specialized vehicles
4. Export Restrictions: Required when there are concerns about vehicle export during the conditional period
5. Early Payment Provisions: Terms for early settlement of the outstanding amount, including any applicable discounts
6. Co-owner Provisions: Required when the vehicle will have multiple owners after completion
7. Security Provisions: Additional security requirements such as post-dated checks or guarantees
1. Schedule A - Vehicle Specification: Detailed technical specifications of the vehicle including all features and modifications
2. Schedule B - Payment Schedule: Detailed breakdown of all payments, including dates, amounts, and payment methods
3. Schedule C - Vehicle Condition Report: Comprehensive report on the vehicle's condition at the time of agreement
4. Schedule D - Registration Documents: Copies of current registration papers and transfer documents
5. Appendix 1 - Vehicle Photographs: Dated photographs of the vehicle showing its condition and any existing damage
6. Appendix 2 - Maintenance Records: Historical maintenance and service records of the vehicle
Authors
Automotive
Transportation
Logistics
Fleet Management
Banking & Finance
Insurance
Vehicle Leasing
Car Dealership
Corporate Services
Private Transportation
Legal
Finance
Procurement
Operations
Sales
Compliance
Risk Management
Fleet Management
Administrative
Corporate Secretariat
Legal Counsel
Fleet Manager
Procurement Manager
Finance Manager
Sales Manager
Compliance Officer
Contract Administrator
Risk Manager
Operations Manager
Vehicle Asset Manager
Corporate Secretary
Business Development Manager
Administrative Officer
Legal Administrator
Transport Manager
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