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Contract To Sell Motorcycle Template for Philippines

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Key Requirements PROMPT example:

Contract To Sell Motorcycle

"I need a Contract to Sell Motorcycle for my dealership in Manila, Philippines, to sell a new 2024 Yamaha MT-07 to an individual buyer with a 12-month installment payment plan starting March 2025."

Document background
The Contract to Sell Motorcycle is a crucial legal document used in the Philippines for motorcycle sale transactions, whether between private parties or through dealerships. This document type is essential for compliance with Philippine regulations, particularly the Motorcycle Crime Prevention Act (RA 11235) and the Consumer Act. It's used when a seller agrees to transfer ownership of a motorcycle to a buyer upon full payment of the purchase price through installments or deferred payment arrangements. The contract includes crucial details such as vehicle specifications, payment terms, warranties, and registration requirements. It provides legal protection for both parties and ensures proper documentation for vehicle registration and ownership transfer with the Land Transportation Office (LTO). The document can accommodate various scenarios including financing arrangements, trade-ins, and insurance requirements, making it suitable for both simple and complex motorcycle sale transactions.
Suggested Sections

1. Parties: Identification of the seller and buyer with complete details including names, addresses, and government IDs as required by Philippine regulations

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

3. Definitions: Definitions of key terms used throughout the agreement

4. Subject Matter: Detailed description of the motorcycle including make, model, year, engine number, chassis number, and color

5. Purchase Price: Total purchase price and breakdown of costs including taxes and registration fees

6. Payment Terms: Schedule of payments, installment amounts, and payment methods

7. Delivery and Transfer: Terms regarding the delivery of the motorcycle and transfer of ownership

8. Warranties and Representations: Seller's warranties about the motorcycle's condition and legal status

9. Registration and Documentation: Requirements for motorcycle registration and necessary documentation as per RA 11235

10. Default and Remedies: Consequences of default and available remedies for both parties

11. Governing Law: Specification that the agreement is governed by Philippine law

12. Execution: Signature blocks and notarization requirements

Optional Sections

1. Financing Terms: Include when the purchase involves third-party financing or in-house financing by the seller

2. Trade-in Agreement: Include when there is a trade-in motorcycle involved in the transaction

3. Insurance Requirements: Include when mandatory insurance coverage is part of the agreement

4. Maintenance and Service: Include when the sale includes maintenance or service packages

5. Co-maker Provision: Include when a co-maker or guarantor is required for the purchase

Suggested Schedules

1. Schedule A - Motorcycle Specifications: Detailed technical specifications of the motorcycle including photographs

2. Schedule B - Payment Schedule: Detailed breakdown of payment installments with due dates

3. Schedule C - Delivery Inspection Checklist: Checklist for inspection at the time of delivery

4. Appendix 1 - Required Documents: List of all required documents for registration and transfer

5. Appendix 2 - Warranty Terms: Detailed warranty terms and conditions if applicable

Authors

Alex Denne

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

Relevant legal definitions



































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Relevant Industries

Automotive

Transportation

Retail

Financial Services

Insurance

Consumer Goods

Motorcycle Dealership

Vehicle Manufacturing

Relevant Teams

Legal

Sales

Finance

Compliance

Operations

Risk Management

Documentation

Credit Administration

Customer Service

Business Development

Relevant Roles

Sales Manager

Finance Manager

Legal Counsel

Compliance Officer

Dealership Manager

Sales Representative

Credit Analyst

Documentation Officer

Contract Administrator

Risk Manager

Business Development Manager

Operations 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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