The Bike Sale Form is a crucial document used in India for formalizing the sale and transfer of motorcycles or scooters between parties. This document is essential when transferring ownership of two-wheelers, whether between private individuals or through commercial dealerships. It needs to comply with the Motor Vehicles Act, 1988, Central Motor Vehicles Rules, 1989, and other relevant Indian legislation. The form should be used whenever a motorcycle or scooter is being sold, ensuring proper documentation of the transaction, vehicle details, financial terms, and transfer of ownership commitments. It includes provisions for both outright purchases and financed transactions, incorporating necessary declarations about the vehicle's condition, legal status, and any outstanding loans. The document serves as proof of sale for registration authorities and provides legal protection for both buyers and sellers.
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1. Parties: Details of the seller and buyer including full names, addresses, and contact information
2. Background: Brief context about the sale transaction and confirmation that the seller owns the bike
3. Definitions: Key terms used in the agreement including 'Vehicle', 'Purchase Price', 'Registration Documents', etc.
4. Vehicle Details: Complete specifications of the bike including make, model, year, color, registration number, chassis number, and engine number
5. Purchase Price: Agreed sale price, payment terms, and method of payment
6. Seller's Representations: Declarations regarding ownership, absence of liens, vehicle condition, and legal right to sell
7. Transfer of Ownership: Terms of ownership transfer and responsibility for registration transfer process
8. Delivery Terms: Details about when and where the vehicle will be delivered, and condition at delivery
9. Documentation: List of documents to be handed over including registration certificate, insurance papers, and service records
10. Governing Law: Specification that the agreement is governed by Indian law
1. Loan Details: To be included if there's an existing loan on the vehicle or if the purchase is being financed
2. Modifications: Details of any modifications made to the vehicle, to be included if the bike has been modified from original specifications
3. Warranty Terms: To be included if any warranty is being provided by the seller
4. Insurance Transfer: Details about transfer of existing insurance policy, if applicable
5. Inspection Report: To be included if a third-party inspection has been conducted
6. Arbitration Clause: Optional dispute resolution mechanism, recommended for high-value transactions
1. Schedule A - Vehicle Specifications: Detailed technical specifications of the bike including all modifications and current condition
2. Schedule B - Documentation Checklist: Complete list of documents being transferred with the vehicle
3. Schedule C - Payment Schedule: If payment is to be made in installments, details of payment dates and amounts
4. Appendix 1 - Photographs: Current photographs of the vehicle showing its condition from all angles
5. Appendix 2 - Service History: Detailed service history and maintenance records of the vehicle
Authors
Relevant legal definitions
Clauses
Relevant Industries
Automotive Retail
Transportation
Vehicle Financing
Insurance
Legal Services
Consumer Goods
Personal Transportation
Vehicle Leasing
Relevant Teams
Sales
Legal
Compliance
Documentation
Finance
Customer Service
Registration
Business Development
Administration
Relevant Roles
Sales Manager
Vehicle Sales Executive
Legal Counsel
Compliance Officer
Documentation Specialist
Finance Manager
Insurance Coordinator
Vehicle Registration Officer
Automotive Dealer
Business Development Manager
Contract Administrator
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