Deed Of Sale Tricycle

Deed Of Sale Tricycle Template for Philippines

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Key Requirements PROMPT example:

"I need a Deed of Sale Tricycle for selling my personally-owned Honda TMX tricycle to an individual buyer in Manila, with full payment to be made at signing and immediate transfer of registration in March 2025."

Document background

The Deed of Sale Tricycle is a crucial legal document used in the Philippines for documenting and executing the transfer of ownership of tricycles between parties. This document type is essential given the significant role of tricycles in Philippine transportation, both as private vehicles and public utility vehicles. The deed must comply with various regulations, including the Land Transportation and Traffic Code, local government unit requirements, and general contract law principles under the Civil Code of the Philippines. It includes comprehensive details about the vehicle, parties involved, purchase terms, and necessary warranties. The document is particularly important as it serves as proof of ownership for registration purposes with the Land Transportation Office and local authorities. When drafting a Deed of Sale Tricycle, special attention must be given to local franchise requirements if the vehicle is intended for public transportation use.

Suggested Sections

1. Parties: Identifies and provides complete details of the Seller and Buyer, including their full names, addresses, and government-issued ID numbers

2. Background: Brief context of the transaction and confirmation of the Seller's ownership of the tricycle

3. Definitions: Defines key terms used in the document, including 'Vehicle', 'Purchase Price', and other relevant terms

4. Subject Matter: Detailed description of the tricycle including make, model, year, engine number, chassis number, plate number, and body number

5. Purchase Price: States the agreed purchase price and confirms receipt or payment terms

6. Representations and Warranties: Seller's warranties regarding ownership, condition of the tricycle, absence of liens, and compliance with local regulations

7. Transfer of Ownership: Clear statement transferring all rights, title, and interest in the tricycle from Seller to Buyer

8. Delivery: Details of when and where the tricycle will be delivered to the Buyer

9. Documentation and Registration: Obligations regarding transfer of registration and required government documentation

10. Governing Law: Specifies that the deed is governed by Philippine law

11. Execution: Signature block with spaces for parties' signatures, witnesses, and notary public

Optional Sections

1. Payment Terms: Include when payment is not made in full at signing, detailing installment schedule and conditions

2. Condition of Vehicle: Detailed description of the tricycle's current condition, recommended when selling used vehicles

3. Existing Liens or Encumbrances: Include if there are any existing liens that need to be disclosed or addressed

4. Local Franchise Requirements: Include when the tricycle is used for public transportation and subject to local franchise regulations

5. Insurance: Include when specifying requirements for insurance transfer or new coverage

6. Dispute Resolution: Include when parties wish to specify particular dispute resolution mechanisms

7. Force Majeure: Include when parties want to address potential unforeseen circumstances affecting delivery or completion of the sale

Suggested Schedules

1. Schedule A - Vehicle Specifications: Detailed technical specifications of the tricycle, including modifications and accessories

2. Schedule B - Inspection Report: Recent vehicle inspection report detailing the condition and roadworthiness

3. Schedule C - Required Documents: List of all registration papers, permits, and other documents being transferred

4. Schedule D - Photographs: Recent photographs of the tricycle showing its current condition from multiple angles

5. Appendix 1 - Payment Records: If applicable, documentation of payment history or payment plan

6. Appendix 2 - Local Regulations: Relevant local government regulations affecting the tricycle's operation and transfer

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

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Transportation

Small Business

Public Transportation

Local Government

Automotive

Vehicle Sales

Public Utility

Retail

Relevant Teams

Legal

Compliance

Administrative

Operations

Sales

Fleet Management

Procurement

Licensing

Documentation

Registration

Relevant Roles

Transportation Manager

Fleet Manager

Legal Counsel

Compliance Officer

Business Owner

Sales Manager

Vehicle Registration Officer

Public Utility Vehicle Operator

Administrative Officer

Local Government Licensing Officer

Small Business Owner

Procurement Manager

Transport Operations Supervisor

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Let's create your Deed Of Sale Tricycle

Authors

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