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The New Car Purchase Agreement is a crucial document used in Pakistan's automotive sector for the sale and purchase of new vehicles. It serves as a legally binding contract between the seller (typically a dealership or authorized distributor) and the buyer, whether individual or corporate. This agreement is essential for documenting the terms and conditions of the sale, protecting both parties' interests, and ensuring compliance with Pakistani vehicle registration laws, consumer protection regulations, and tax requirements. The document typically includes detailed vehicle specifications, payment terms, warranty information, and delivery conditions. It's designed to align with Pakistani commercial law while incorporating standard automotive industry practices and local regulatory requirements. The agreement becomes particularly important for establishing clear rights and obligations, managing potential disputes, and facilitating the vehicle registration process with local authorities.

1. Parties: Identification of the Seller (dealership/manufacturer) and the Buyer with complete details as required under Pakistani law

2. Background: Context of the agreement and brief description of the transaction

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 specifications

5. Purchase Price: Total purchase price, including breakdown of taxes, registration fees, and other charges

6. Payment Terms: Payment schedule, method of payment, and consequences of default

7. Delivery: Delivery terms, timeline, and location

8. Warranties and Representations: Manufacturer's warranty terms and seller's representations about the vehicle

9. Registration and Transfer: Process and responsibility for vehicle registration and transfer of ownership

10. Insurance: Requirements for insurance coverage during and after delivery

11. Termination: Circumstances under which the agreement can be terminated and consequences

12. Governing Law: Specification of Pakistani law as governing law and jurisdiction

13. Dispute Resolution: Process for resolving disputes including courts or alternative dispute resolution