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1. Parties: Identification of the finance company/seller and the hirer/purchaser with full legal names and addresses
2. Background: Context of the agreement including the hirer's desire to purchase the vehicle through hire purchase arrangement
3. Definitions: Definitions of key terms used throughout the agreement including 'Vehicle', 'Hire Purchase Price', 'Installments', etc.
4. Vehicle Details: Specific description and identification of the vehicle including make, model, year, color, and chassis number
5. Payment Terms: Details of the total amount payable, deposit, installment amounts, payment schedule, and payment methods
6. Title and Risk: Provisions regarding ownership retention by the seller until final payment and transfer of risk to the hirer
7. Hirer's Obligations: Responsibilities including maintenance, insurance, proper use of vehicle, and compliance with traffic laws
8. Insurance Requirements: Mandatory insurance coverage requirements and procedures for insurance claims
9. Default and Repossession: Consequences of default and the seller's rights regarding repossession
10. Transfer of Ownership: Conditions and process for final transfer of ownership upon completion of payments
11. Governing Law: Specification of Qatar law as governing law and jurisdiction for disputes
1. Islamic Finance Compliance: Additional provisions to ensure compliance with Sharia principles - include when the agreement needs to be Sharia-compliant
2. Early Payment Terms: Provisions for early settlement of the agreement - include when early payment options are offered
3. Third-Party Rights: Provisions regarding rights of third parties - include when third-party guarantors or co-signers are involved
4. Cross-Border Usage: Provisions for using the vehicle outside Qatar - include when international travel is anticipated
5. Maintenance Package: Terms of any included maintenance services - include when maintenance package is part of the deal
6. Assignment Rights: Rights to assign the agreement - include when assignment might be necessary
7. Force Majeure: Provisions for unforeseen circumstances - include when extended contract period is involved
1. Schedule 1 - Vehicle Specification: Detailed technical specifications of the vehicle including all features and modifications
2. Schedule 2 - Payment Schedule: Detailed breakdown of all payments including dates, amounts, and payment methods
3. Schedule 3 - Insurance Requirements: Specific insurance requirements including minimum coverage levels and approved insurers
4. Schedule 4 - Condition Report: Initial condition report of the vehicle at time of delivery
5. Schedule 5 - Maintenance Requirements: Detailed maintenance schedule and requirements for the vehicle
6. Appendix A - Required Documents: List of required documents including ID proofs, licenses, and registrations
7. Appendix B - Delivery Receipt: Form for acknowledging delivery of the vehicle and its condition
Automotive
Banking and Finance
Islamic Finance
Insurance
Transportation
Fleet Management
Retail
Consumer Services
Legal
Finance
Compliance
Risk Management
Sales
Credit Administration
Operations
Customer Service
Documentation
Islamic Banking
Legal Counsel
Finance Manager
Credit Officer
Sales Manager
Automotive Finance Specialist
Compliance Officer
Risk Manager
Contract Administrator
Fleet Manager
Corporate Finance Manager
Islamic Finance Specialist
Consumer Banking Manager
Auto Loan Officer
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