The Contract For Selling A Car is a vital legal instrument used in the Philippines for documenting the sale and transfer of ownership of motor vehicles. This document is essential for both private sales and commercial transactions, ensuring compliance with Philippine legal requirements including the Civil Code, Land Transportation Office regulations, and consumer protection laws. It should be used whenever a vehicle ownership transfer occurs, whether between private individuals or involving commercial entities. The contract includes crucial details such as vehicle specifications, price, payment terms, warranties, and transfer procedures, while incorporating necessary provisions for tax compliance and registration requirements. It serves as official documentation for the transaction and provides legal protection for all parties involved in the vehicle transfer.
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1. Parties: Identification of the Seller and Buyer with complete legal names and addresses
2. Background: Brief context of the sale and confirmation that the Seller owns the vehicle
3. Definitions: Key terms used in the agreement including 'Vehicle', 'Purchase Price', 'Completion Date'
4. Vehicle Details: Complete description of the vehicle including make, model, year, color, engine number, chassis number, plate number
5. Purchase Price and Payment Terms: Agreed price and payment method, including any installment arrangements
6. Transfer of Ownership: Process and timeline for transferring vehicle registration and other documentation
7. Seller's Representations: Warranties about vehicle ownership, condition, and absence of liens
8. Completion Requirements: Documents and actions required from both parties to complete the sale
9. Risk and Insurance: Transfer of risk and responsibility for insurance
10. Governing Law: Confirmation that Philippine law governs the agreement
11. Execution: Signature blocks and execution requirements
1. Condition Report: Detailed description of vehicle condition, used when selling as-is or with known issues
2. Installment Terms: Include when payment is not made in full at completion
3. Security Interest: Required when seller retains security interest until full payment
4. Third-Party Guarantor: Used when a guarantor is providing security for payment
5. Dealer Warranties: Include when sold through a dealer offering additional warranties
6. Trade-in Details: Include when another vehicle is being traded as part of the transaction
1. Schedule 1 - Vehicle Inspection Report: Detailed technical inspection report of the vehicle's condition
2. Schedule 2 - Vehicle Documents: List of all registration, insurance, and maintenance documents being transferred
3. Schedule 3 - Payment Schedule: If installment payments, detailed breakdown of payment dates and amounts
4. Schedule 4 - Accessories and Inclusions: List of all accessories, tools, spare parts included in the sale
5. Appendix A - Vehicle Photographs: Photos documenting the vehicle's condition at time of sale
6. Appendix B - LTO Requirements: Checklist of Land Transportation Office requirements for transfer
Relevant legal definitions
Clauses
Relevant Industries
Automotive
Transportation
Retail
Financial Services
Insurance
Fleet Management
Leasing
Vehicle Trading
Used Car Sales
Automotive Dealership
Relevant Teams
Legal
Sales
Finance
Compliance
Operations
Administrative
Risk Management
Asset Management
Procurement
Business Development
Relevant Roles
Sales Manager
Fleet Manager
Legal Counsel
Compliance Officer
Administrative Officer
Finance Manager
Vehicle Registration Specialist
Dealership Manager
Business Development Manager
Procurement Officer
Contract Administrator
Risk Manager
Operations Manager
Asset Manager
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