A Deed Of Sale Agreement For A Car is a crucial legal instrument used in Malaysia when transferring ownership of a motor vehicle from one party to another. This document is essential for both private and commercial vehicle sales, providing a comprehensive framework that ensures compliance with Malaysian regulations, particularly the Road Transport Act 1987 and related legislation. It's specifically designed to protect both sellers' and buyers' interests by clearly documenting the vehicle's details, sale conditions, warranties, and transfer procedures. The deed becomes particularly important when dealing with high-value vehicles, corporate transactions, or situations involving financing arrangements, as it provides clear evidence of the transaction terms and helps prevent future disputes. The document must be properly executed and stamped according to Malaysian law to be legally enforceable.
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1. Parties: Identifies and provides full details of the seller and buyer, including names, identification numbers, and addresses
2. Background: Brief context of the transaction and confirmation that the seller owns the vehicle and has the right to sell it
3. Definitions: Defines key terms used throughout the agreement for clarity and legal certainty
4. Sale and Purchase: Core terms of the sale, including the agreement to sell and purchase the vehicle
5. Vehicle Details: Complete description of the vehicle including make, model, year, color, engine number, chassis number, and registration number
6. Purchase Price: States the agreed purchase price and payment terms
7. Completion: Details of when and how the sale will be completed, including transfer of possession
8. Seller's Warranties: Warranties regarding vehicle ownership, condition, and absence of encumbrances
9. Transfer of Ownership: Process and obligations regarding the transfer of vehicle registration and ownership documents
10. Costs and Taxes: Allocation of responsibility for transfer costs, stamp duty, and other applicable taxes
11. Governing Law: Specifies that Malaysian law governs the agreement
12. Execution: Formal execution block for signing as a deed
1. Condition of Vehicle: Detailed description of the vehicle's condition, including known defects - used when selling used vehicles
2. Inspection Report: References to professional inspection reports - included when a recent inspection has been conducted
3. Outstanding Loans: Details of any existing loans or liens on the vehicle - required if the vehicle has outstanding financing
4. Payment Schedule: Detailed payment terms - included when payment is to be made in installments
5. Insurance: Provisions regarding transfer or procurement of insurance - relevant when existing insurance needs to be addressed
6. Third Party Consent: Consent from finance companies or other interest holders - needed if there are existing financial interests in the vehicle
7. Modifications: Details of any modifications to the vehicle - included for modified vehicles
8. Warranty Transfer: Terms for transferring manufacturer's warranty - relevant for vehicles still under warranty
1. Schedule 1: Vehicle Specifications: Detailed technical specifications of the vehicle including all identification numbers and features
2. Schedule 2: Vehicle Condition Report: Comprehensive report on the vehicle's condition including photographs and inspection findings
3. Schedule 3: Payment Terms: Detailed breakdown of payment schedule if applicable
4. Schedule 4: List of Documents: List of all documents to be transferred with the vehicle
5. Appendix A: Vehicle Registration Card: Copy of current vehicle registration card
6. Appendix B: Service History: Vehicle's service history and maintenance records
7. Appendix C: Insurance Documents: Relevant insurance documentation and transfer forms
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