The Deed of Absolute Sale Motor Vehicle is a crucial legal document used in Austria when transferring ownership of a motor vehicle between parties. It serves as definitive proof of the transaction and ownership transfer, complying with Austrian legal requirements including the ABGB (Civil Code) and KFG (Motor Vehicles Act). This document is essential for both private and commercial vehicle sales, containing detailed information about the vehicle, parties involved, sale conditions, and warranties. It must be used whenever a motor vehicle ownership transfer occurs in Austria, whether between private individuals, companies, or a combination thereof. The deed includes specific provisions for vehicle registration transfer, tax obligations, and insurance considerations, making it a comprehensive document that protects both buyer's and seller's interests while ensuring compliance with Austrian regulatory requirements.
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1. Parties: Full legal names and addresses of the seller and buyer
2. Background: Brief context of the transaction and confirmation of seller's ownership
3. Definitions: Definitions of key terms used throughout the deed
4. Vehicle Details: Comprehensive description of the vehicle including make, model, year, chassis number, engine number, registration number, and current mileage
5. Sale and Purchase: Clear statement of the transfer of ownership and sale price
6. Payment Terms: Details of the payment method, timing, and confirmation of receipt
7. Seller's Representations and Warranties: Declarations regarding vehicle ownership, condition, and absence of encumbrances
8. Transfer of Risk and Registration: Specification of when risk transfers and obligations regarding vehicle registration transfer
9. Taxes and Costs: Allocation of transfer taxes, registration fees, and other associated costs
10. Governing Law: Confirmation that Austrian law governs the deed
11. Execution: Signature blocks for all parties and witnesses
1. Condition Report: Detailed description of the vehicle's condition, recommended when selling used vehicles or vehicles with known issues
2. Outstanding Loans: Details of any outstanding loans or liens, required if the vehicle is not fully paid off
3. Insurance Transfer: Provisions regarding the transfer or termination of existing insurance, relevant when existing insurance policies need to be addressed
4. Maintenance History: Details of service history and maintenance records, recommended for high-value or classic vehicles
5. Expert Opinion: Reference to professional vehicle assessment, recommended for classic cars or vehicles of significant value
6. Special Conditions: Any special agreements between parties regarding the vehicle's use or transfer
7. Dispute Resolution: Specific procedures for resolving disputes, recommended for high-value transactions
1. Vehicle Documentation: Copies of registration papers, technical inspection certificates, and other official documents
2. Vehicle Photographs: Dated photographs showing the condition of the vehicle at time of sale
3. Service History: Detailed maintenance and repair records
4. Equipment List: Inventory of additional equipment, spare parts, or accessories included in the sale
5. Damage Report: If applicable, detailed documentation of any existing damage or wear
6. Payment Receipts: Copies of payment confirmations and receipts
Authors
Relevant legal definitions
Clauses
Relevant Industries
Automotive
Transportation
Fleet Management
Vehicle Leasing
Car Dealerships
Insurance
Legal Services
Banking and Finance
Logistics
Corporate Services
Relevant Teams
Legal
Procurement
Sales
Administration
Compliance
Operations
Fleet Management
Risk Management
Finance
Corporate Services
Relevant Roles
Legal Counsel
Fleet Manager
Procurement Manager
Sales Manager
Compliance Officer
Administrative Officer
Contract Administrator
Vehicle Registration Officer
Risk Manager
Operations Manager
Legal Administrator
Business Development Manager
Corporate Secretary
Finance Manager
Automotive Sales Executive
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