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Auto Sales Agreement

Auto Sales Agreement Template for India

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Key Requirements PROMPT example:

Auto Sales Agreement

"I need an Auto Sales Agreement for my dealership in Mumbai to sell a new 2024 Toyota Fortuner to a corporate client, with payment to be made in three installments between January and March 2025, including extended warranty and service package terms."

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Document background
The Auto Sales Agreement serves as a crucial legal document for vehicle transactions in India, whether between private parties, through dealerships, or between commercial entities. This agreement is essential for documenting the terms and conditions of vehicle sales, ensuring compliance with Indian automotive regulations, and protecting the interests of both parties. It includes vital information such as vehicle specifications, price, payment terms, warranties, and ownership transfer procedures. The document must comply with multiple Indian laws including the Motor Vehicles Act 1988, Sale of Goods Act 1930, and state-specific transport regulations. It's particularly important for maintaining clear records of ownership, preventing future disputes, and ensuring smooth registration transfer processes with regional transport offices (RTOs).
Suggested Sections

1. Parties: Identification and details of the seller and buyer, including complete names, addresses, and contact information

2. Background: Brief context of the transaction and confirmation that the seller owns the vehicle and has the right to sell it

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

4. Vehicle Description: Detailed description of the vehicle including make, model, year, color, VIN/chassis number, registration number, and current odometer reading

5. Purchase Price and Payment Terms: Total purchase price, payment schedule, mode of payment, and any deposits or installments

6. Transfer of Title and Ownership: Terms regarding the transfer of vehicle ownership and required documentation

7. Delivery and Possession: Details about vehicle delivery, including time, place, and condition of delivery

8. Seller's Representations and Warranties: Standard warranties about vehicle ownership, liens, and condition

9. Buyer's Acknowledgments: Buyer's confirmation of vehicle inspection and acceptance of condition

10. Registration and Documentation: Responsibilities for vehicle registration transfer and required documentation

11. Governing Law and Jurisdiction: Specification that Indian law governs the agreement and jurisdiction for dispute resolution

12. Force Majeure: Circumstances under which parties may be excused from performance

13. Notices: How formal communications between parties should be made and delivered

14. Entire Agreement: Confirmation that the agreement represents the complete understanding between parties

Optional Sections

1. Dealer Warranty: Additional warranties provided by dealer beyond statutory requirements - used when seller is a dealership

2. Financing Terms: Details of financing arrangement if purchase is financed - included when applicable

3. Trade-In Details: Information about any vehicle being traded in as part of the purchase - included when there's a trade-in

4. Insurance Requirements: Specific insurance requirements before transfer - included for high-value vehicles

5. After-Sales Service: Terms of any after-sales service agreements - included for new vehicles or when specific service packages are offered

6. Modifications and Accessories: Details of any modifications or accessories included in the sale - used when vehicle has modifications

7. Export/Import Requirements: Additional requirements if vehicle is being exported/imported - used for international sales

Suggested Schedules

1. Schedule A - Vehicle Specifications: Detailed technical specifications of the vehicle including all features and modifications

2. Schedule B - Payment Schedule: Detailed breakdown of payment terms and installments if applicable

3. Schedule C - Inspection Report: Professional inspection report detailing vehicle condition and any existing damages

4. Schedule D - Service History: Complete service history and maintenance records of the vehicle

5. Schedule E - Registration Documents: Copies of current registration and other ownership documents

6. Appendix 1 - Required Transfer Documentation: List of all documents required for completing the transfer of ownership

7. Appendix 2 - Warranties and Guarantees: Copies of all applicable warranties and guarantees

Authors

Alex Denne

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

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant legal definitions
Agreement
Annexures
Buyer
Seller
Vehicle
Purchase Price
Delivery Date
Delivery Location
Down Payment
Effective Date
Encumbrance
Force Majeure Event
Insurance Policy
Manufacturer
Model Year
Odometer Reading
Payment Schedule
Registration Certificate
Registration Number
RTO
Schedules
Transfer Documents
VIN/Chassis Number
Vehicle Documents
Warranties
Working Day
Transfer Date
Completion
Default Event
Inspection Report
Liens
Outstanding Payments
Permanent Address
Service History
Technical Specifications
Title Documents
Relevant Industries

Automotive

Retail

Transportation

Fleet Management

Logistics

Car Rental

Taxi Services

Manufacturing

Dealership

Financial Services

Insurance

Legal Services

Relevant Teams

Legal

Sales

Compliance

Finance

Operations

Procurement

Risk Management

Documentation

Customer Service

Administrative Support

Relevant Roles

Sales Manager

Automotive Dealer

Fleet Manager

Legal Counsel

Compliance Officer

Business Owner

Procurement Manager

Contract Administrator

Finance Manager

Vehicle Registration Officer

Operations Manager

Risk Manager

Documentation Specialist

Transport Manager

Dealership Manager

Industries
The Sale of Goods Act, 1930: Fundamental law governing the sale and purchase of goods in India, including vehicles. It defines conditions and warranties, transfer of property, and rights and duties of buyers and sellers.
The Motor Vehicles Act, 1988: Regulates all aspects of road transport vehicles, including registration, licensing, and transfer of ownership of motor vehicles.
Central Motor Vehicles Rules, 1989: Provides detailed regulations for implementation of the Motor Vehicles Act, including procedures for vehicle registration transfer and documentation requirements.
The Consumer Protection Act, 2019: Protects consumer interests and provides mechanism for dispute resolution in case of defective vehicles or unfair trade practices.
Central Goods and Services Tax Act, 2017: Governs the taxation aspects of vehicle sales, including GST rates and compliance requirements.
Indian Contract Act, 1872: Provides the basic framework for all contracts in India, including essential elements of a valid contract and remedies for breach.
Transfer of Property Act, 1882: Governs the transfer of movable property, including provisions relevant to vehicle transfer.
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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