The Motor Vehicle Purchase Agreement serves as a legally binding document for vehicle sales transactions in Malaysia, essential for both private sales and dealership transactions. This agreement is designed to comply with Malaysian legislation, including the Road Transport Act 1987, Consumer Protection Act 1999, and Hire-Purchase Act 1967 where applicable. It protects both parties by clearly documenting the vehicle's specifications, condition, purchase price, payment terms, and warranties. The agreement is particularly important for establishing clear ownership transfer procedures, ensuring compliance with local registration requirements, and documenting any special conditions or warranties associated with the sale. It can be used for new vehicle purchases, used vehicle transfers, and fleet acquisitions, providing a comprehensive framework for vehicle transactions while meeting all regulatory requirements under Malaysian law.
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1. Parties: Identification of the seller and buyer with complete details including name, IC/registration number, and address
2. Background: Brief context of the transaction and the parties' intentions
3. Definitions: Definitions of key terms used throughout the agreement
4. Vehicle Details: Comprehensive description of the vehicle including make, model, year, color, engine number, chassis number, and registration number
5. Purchase Price: Agreed purchase price and payment terms including deposit and balance payment details
6. Transfer of Ownership: Terms regarding the transfer of vehicle ownership and registration with JPJ (Road Transport Department)
7. Seller's Warranties: Warranties provided by the seller regarding vehicle condition, ownership, and encumbrances
8. Buyer's Acknowledgments: Buyer's confirmation of vehicle inspection and acceptance of condition
9. Delivery: Terms and conditions for vehicle delivery or collection
10. Tax Obligations: Responsibilities for various taxes and duties related to the sale
11. Termination: Circumstances under which the agreement can be terminated and consequences
12. Governing Law: Specification of Malaysian law as governing law and jurisdiction
13. Execution: Signature blocks and execution details
1. Trade-In Details: Terms and conditions related to any vehicle trade-in arrangement
2. Financing Terms: Details of dealer financing or hire-purchase arrangements if applicable
3. Extended Warranty: Terms of any extended warranty or additional protection packages
4. After-Sales Service: Details of any included after-sales service or maintenance packages
5. Insurance Arrangements: Terms regarding insurance arrangements if provided by the dealer
6. Modifications: Details of any agreed modifications to be made before delivery
7. Commission: Details of any agent or broker commission if applicable
1. Schedule 1 - Vehicle Specification: Detailed technical specifications and features of the vehicle
2. Schedule 2 - Vehicle Condition Report: Comprehensive inspection report detailing the current condition of the vehicle
3. Schedule 3 - Payment Schedule: Detailed breakdown of payment terms and installments if applicable
4. Schedule 4 - Required Documents: List of documents required for transfer of ownership
5. Appendix A - Vehicle Registration Card: Copy of current vehicle registration card
6. Appendix B - Service History: Vehicle's maintenance and service history records
7. Appendix C - Warranty Terms: Detailed warranty terms and conditions if applicable
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