The Bill of Sale Contract For Car is a crucial legal document 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 legal protection for both buyers and sellers under Malaysian jurisdiction. It includes comprehensive details about the vehicle, parties involved, purchase price, and terms of sale, while ensuring compliance with the Road Transport Act 1987 and other relevant Malaysian legislation. The contract serves as evidence of the transaction and is often required for vehicle registration transfer at the Road Transport Department (JPJ), insurance purposes, and financing documentation.
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1. Parties: Identification of the seller and buyer with their full legal names, identification numbers, and addresses
2. Background: Brief context of the transaction and confirmation of seller's ownership and right to sell
3. Definitions: Key terms used in the agreement including 'Vehicle', 'Purchase Price', 'Completion Date', etc.
4. Vehicle Details: Complete description of the vehicle including make, model, year, color, engine number, chassis number, and registration number
5. Sale and Purchase: Core terms of the sale including purchase price, payment terms, and transfer of ownership
6. Seller's Representations and Warranties: Seller's declarations regarding vehicle ownership, condition, and absence of encumbrances
7. Transfer of Title: Process and obligations for transferring vehicle ownership documentation
8. Completion: Details of when and how the sale will be completed, including delivery of vehicle and documentation
9. Governing Law: Specification that Malaysian law governs the agreement
1. Condition of Vehicle: Detailed description of vehicle condition, including known defects - used when selling used vehicles
2. Payment Schedule: Include when purchase price is to be paid in installments
3. Vehicle Inspection: Terms for pre-purchase inspection rights - relevant for used vehicles
4. Accessories and Modifications: List of additional items or modifications included in the sale - used when vehicle has been modified
5. Insurance Transfer: Terms regarding transfer of existing insurance - relevant if existing insurance is being transferred
6. Dispute Resolution: Specific procedures for handling disputes - recommended for high-value vehicles
1. Schedule 1 - Vehicle Specification: Detailed technical specifications of the vehicle
2. Schedule 2 - Vehicle Condition Report: Comprehensive report on vehicle condition including photographs
3. Schedule 3 - Service History: Details of vehicle maintenance and service history
4. Schedule 4 - Included Accessories: List of all accessories and additional items included in the sale
5. Appendix A - Required Documentation: Checklist of all documents required for the transfer of ownership
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