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Car Sale Agreement
"I need a Car Sale Agreement for a private sale of my used BMW to an individual buyer in Hong Kong, with an installment payment plan spread over three months starting March 2025, including provisions for vehicle inspection and a 10% initial deposit."
1. Parties: Identification and details of the seller and buyer, including full names, identification numbers, and addresses
2. Background: Brief context of the transaction and confirmation that the seller owns the vehicle and has the right to sell it
3. Definitions: Definitions of key terms used throughout the agreement
4. Vehicle Details: Comprehensive description of the vehicle including make, model, year, color, engine number, chassis number, registration number, and mileage
5. Purchase Price and Payment Terms: The agreed purchase price, payment method, and schedule of payments if applicable
6. Transfer of Ownership: Terms regarding the transfer of vehicle ownership and registration with the Transport Department
7. Seller's Representations and Warranties: Seller's declarations about the vehicle's condition, ownership, and absence of encumbrances
8. Completion: Details of when and where the vehicle handover will take place
9. Vehicle Documentation: List of documents to be provided by the seller including registration documents, maintenance records, and insurance information
10. Governing Law: Specification that Hong Kong law governs the agreement
11. Execution: Signature blocks and execution details for both parties
1. Deposit Terms: Terms regarding any deposit paid, to be included when the purchase involves a deposit payment
2. Vehicle Inspection: Details of any pre-purchase inspection arrangements, to be included when the buyer requests an inspection
3. Trade-in Terms: Details of any vehicle trade-in arrangement, including the trade-in value and condition requirements
4. Finance and Security: Terms relating to any financing arrangements or security interests, if the purchase involves financing
5. Insurance Transfer: Provisions regarding the transfer or arrangement of insurance, if relevant
6. Warranties and Service Plans: Details of any remaining manufacturer warranties or service plans being transferred
7. Default and Remedies: Specific provisions for what happens in case of default by either party
1. Schedule 1 - Vehicle Condition Report: Detailed report of the vehicle's condition at the time of sale, including any known defects or damage
2. Schedule 2 - Vehicle Service History: Comprehensive service history and maintenance records
3. Schedule 3 - Equipment and Accessories: List of all equipment, accessories, and spare parts included in the sale
4. Schedule 4 - Payment Schedule: Detailed breakdown of payment terms if involving multiple payments or installments
5. Appendix A - Vehicle Registration Documents: Copies of current vehicle registration documents
6. Appendix B - Vehicle Photographs: Dated photographs showing the condition of the vehicle at the time of sale
Authors
Vehicle
Purchase Price
Completion Date
Completion
Deposit
Registration Documents
Vehicle Registration Mark
Chassis Number
Engine Number
Transport Department
Encumbrances
Warranties
Business Day
Defects
Delivery Location
Documentation
Effective Date
Equipment
Force Majeure
Hong Kong
Liabilities
License
Material Adverse Change
Parties
Payment Schedule
Registration Fees
Seller's Representations
Service History
Third Party Rights
Transfer Documents
Vehicle Condition Report
Vehicle Insurance
Vehicle License
Working Hours
Recitals
Definitions
Sale and Purchase
Purchase Price
Payment Terms
Deposit
Vehicle Description
Title Transfer
Warranties and Representations
Vehicle Condition
Delivery
Registration and Documentation
Insurance
Risk and Property
Seller's Obligations
Buyer's Obligations
Inspection Rights
Regulatory Compliance
Default
Termination
Force Majeure
Dispute Resolution
Governing Law
Notices
Assignment
Entire Agreement
Severability
Amendments
Third Party Rights
Costs and Expenses
Execution
Automotive
Retail
Financial Services
Insurance
Fleet Management
Transportation
Luxury Goods
Corporate Services
Vehicle Leasing
Legal
Sales
Compliance
Finance
Operations
Administrative
Risk Management
Procurement
Contract Management
Business Development
Sales Manager
Fleet Manager
Legal Counsel
Compliance Officer
Finance Manager
Vehicle Sales Executive
Dealership Manager
Procurement Manager
Contract Administrator
Business Development Manager
Risk Manager
Operations Manager
Administrative Officer
Company Secretary
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