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Deed Of Sale Of Personal Property
"I need a Deed of Sale of Personal Property for selling my vintage car collection, consisting of three classic automobiles, to a private collector in Manila, with payment to be made in two installments by March 2025."
1. Parties: Identifies and provides complete details of the Seller and Buyer, including their full names, civil status, addresses, and citizenship
2. Background: States the context of the sale, confirms the Seller's ownership and right to sell the property
3. Definitions: Defines key terms used throughout the deed for clarity and precision
4. Description of Property: Detailed description of the personal property being sold, including specific identifying features, serial numbers, or other relevant details
5. Consideration: States the purchase price and payment terms agreed upon by the parties
6. Warranties and Representations: Seller's warranties regarding ownership, condition, and absence of liens or encumbrances on the property
7. Transfer of Title and Risk: Specifies when and how ownership and risk transfer from Seller to Buyer
8. Delivery: Details of when, where, and how the property will be delivered to the Buyer
9. Execution: Formal signing section including space for signatures, witnesses, and notary public attestation
1. Conditions Precedent: Used when there are specific conditions that must be met before the sale becomes effective
2. Payment Terms: Detailed section needed when payment is not made in full at signing but involves installments or specific payment arrangements
3. Tax Provisions: Required when there are specific tax implications that need to be addressed or allocated between the parties
4. Insurance: Included when there are specific insurance requirements during the transition period
5. Inspection Rights: Added when the buyer requires a pre-sale inspection period
6. Return Policy: Included for sales of certain types of goods where returns might be permitted
7. Governing Law and Jurisdiction: While Philippine law applies, this section may be needed to specify which specific court has jurisdiction
1. Property Details Schedule: Detailed technical specifications, photographs, or detailed descriptions of the personal property
2. Payment Schedule: If payment is in installments, details the payment dates and amounts
3. Delivery Schedule: If delivery involves multiple items or dates, provides detailed delivery timeline and requirements
4. Condition Report: Documents the current condition of the property, including any existing damage or wear
5. Title Documents: Copies of relevant ownership documents, receipts, or certificates
Authors
Retail
Manufacturing
Automotive
Electronics
Industrial Equipment
Agriculture
Construction
Transportation
Office Equipment
Art and Collectibles
Machinery and Tools
Furniture and Fixtures
Maritime
Aviation
Legal
Procurement
Finance
Operations
Administration
Compliance
Risk Management
Asset Management
Sales
Corporate Secretariat
Legal Counsel
Corporate Secretary
Procurement Manager
Asset Manager
Business Owner
Operations Manager
Fleet Manager
Property Manager
Sales Manager
Compliance Officer
Contract Administrator
Chief Financial Officer
Risk Manager
General Manager
Administrative Officer
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