The Deed of Sale of Car Vehicle is a crucial legal document used in India when transferring ownership of a motor vehicle from one party to another. It serves as the primary evidence of the transaction and is required by Regional Transport Offices (RTOs) for officially changing the vehicle's registration to the new owner's name. This deed is mandated under the Motor Vehicles Act, 1988, and must comply with state-specific transport regulations. It typically includes detailed information about the vehicle (including make, model, registration number, chassis number, and engine number), complete details of both parties, the sale consideration, warranties about the vehicle's condition and title, and terms of transfer. The document is particularly important as it protects both parties' interests by clearly stating the terms of sale and helps prevent future disputes regarding ownership or transaction terms. It's essential for both private sales and commercial transactions, and may require additional provisions when dealing with financed vehicles or corporate-owned vehicles.
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1. Parties: Details of the seller and buyer including full names, addresses, and ID proof numbers
2. Background: Brief context about the vehicle ownership and intention to sell
3. Definitions: Definitions of key terms used in the deed
4. Subject Matter of Sale: Detailed description of the vehicle being sold including make, model, registration number, chassis number, and engine number
5. Consideration: Purchase price and payment terms
6. Seller's Representations and Warranties: Declarations regarding vehicle ownership, condition, and absence of encumbrances
7. Transfer of Ownership: Clear statement of transfer of title and ownership from seller to buyer
8. Delivery and Registration: Terms regarding physical delivery of vehicle and transfer of registration
9. Taxes and Expenses: Responsibility for transfer taxes, registration fees, and other expenses
10. Governing Law and Jurisdiction: Specification of applicable laws and jurisdiction for disputes
11. Execution: Signature clauses and witness details
1. Outstanding Loan Settlement: Required when there is an existing loan on the vehicle that needs to be settled
2. Insurance Transfer: Details about transfer of existing insurance policy if applicable
3. Joint Ownership: Required when the vehicle is jointly owned or being sold to multiple buyers
4. Power of Attorney: When the sale is being executed through a power of attorney holder
5. Indemnification: Additional protection clauses for specific risks identified
6. Third Party Claims: Handling of any pending claims or disputes related to the vehicle
7. Maintenance Records: When detailed service history is being warranted as part of the sale
1. Schedule A - Vehicle Details: Complete technical specifications of the vehicle including photographs
2. Schedule B - Payment Details: Breakdown of payment terms, installments if any, and payment methods
3. Schedule C - Inspection Report: Recent vehicle inspection report or condition assessment
4. Schedule D - Documents List: List of all documents being transferred with the vehicle
5. Schedule E - Service History: Detailed maintenance and repair history of the vehicle
6. Appendix 1 - Registration Certificate: Copy of current registration certificate
7. Appendix 2 - Insurance Documents: Copies of current insurance policy and claims history
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