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Conditional Deed Of Sale Of Motor Vehicle Template for Malaysia

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Key Requirements PROMPT example:

Conditional Deed Of Sale Of Motor Vehicle

"I need a Conditional Deed of Sale of Motor Vehicle for selling my Toyota Camry to a private buyer in Malaysia, with payment to be made in three installments, the final payment due March 15, 2025, and ownership transfer only after full payment is received."

Document background
The Conditional Deed of Sale of Motor Vehicle is a crucial legal instrument used in Malaysia when transferring ownership of a motor vehicle subject to specific conditions, typically including full payment or financing arrangements. This document is essential for both private and commercial vehicle sales where the transfer of ownership is contingent upon meeting certain conditions. It provides comprehensive protection for all parties involved by clearly outlining the terms of sale, payment schedule, vehicle specifications, and transfer requirements in accordance with Malaysian law. The deed ensures compliance with local regulations including the Road Transport Act 1987 and related legislation, while establishing a clear framework for the rights and obligations of both seller and buyer throughout the transaction process.
Suggested Sections

1. Parties: Identification of the Seller and Buyer with full legal names, identification numbers, and addresses

2. Background: Context of the sale, including the Seller's ownership and intention to sell, and the Buyer's intention to purchase

3. Definitions: Key terms used throughout the deed including 'Vehicle', 'Purchase Price', 'Completion Date', etc.

4. Sale and Purchase: Core agreement for the sale and purchase of the vehicle, including the purchase price

5. Payment Terms: Structure and schedule of payments, including deposit and balance payment details

6. Conditions Precedent: Conditions that must be fulfilled before the sale becomes final

7. Seller's Representations and Warranties: Warranties regarding vehicle ownership, condition, and absence of encumbrances

8. Transfer of Ownership: Process and timing for transferring vehicle ownership and registration

9. Delivery: Terms and conditions for vehicle delivery

10. Default and Remedies: Consequences of default by either party and available remedies

11. Governing Law: Specification of Malaysian law as governing law and jurisdiction

Optional Sections

1. Trade-In Provisions: Include when there is a vehicle trade-in as part of the transaction

2. Financing Terms: Include when the purchase involves third-party financing or hire-purchase arrangements

3. Insurance Requirements: Include when specific insurance arrangements are part of the conditions of sale

4. Inspection Period: Include when a post-agreement inspection period is granted to the buyer

5. Commission: Include when a broker or agent is involved in the sale

6. Joint Ownership: Include when the vehicle will be jointly owned by multiple buyers

Suggested Schedules

1. Schedule 1 - Vehicle Details: Detailed description of the vehicle including make, model, year, registration number, chassis number, engine number, and current mileage

2. Schedule 2 - Payment Schedule: Detailed breakdown of payment terms including amounts and due dates

3. Schedule 3 - Vehicle Condition Report: Comprehensive report on the current condition of the vehicle, including any existing damage or defects

4. Schedule 4 - Required Documents: List of all documents required for the transfer of ownership

5. Appendix A - Vehicle Registration Card: Copy of the current vehicle registration card

6. Appendix B - Service History: Documentation of the vehicle's service and maintenance history

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions

































Clauses




























Relevant Industries

Automotive

Transportation

Fleet Management

Vehicle Leasing

Car Dealership

Insurance

Financial Services

Logistics

Corporate Services

Private Transportation

Relevant Teams

Legal

Procurement

Sales

Operations

Administration

Finance

Compliance

Risk Management

Fleet Operations

Corporate Services

Relevant Roles

Legal Counsel

Contract Manager

Fleet Manager

Procurement Manager

Sales Manager

Business Development Manager

Risk Manager

Compliance Officer

Vehicle Operations Manager

Administrative Officer

Finance Manager

Operations Director

Company Secretary

Legal Administrator

Vehicle Asset Manager

Industries






Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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