Car Ownership Agreement Template for India

1. Co-ownership Terms: Used when the vehicle will have multiple owners, specifying rights and responsibilities of each owner

2. Financing Arrangements: Included when the purchase involves third-party financing or installment payments

3. Extended Warranty: Terms of any extended warranty or service agreement being transferred or purchased

4. Post-Sale Services: Details of any post-sale services agreed between parties, such as maintenance agreements

5. Indemnification: Additional indemnification clauses for specific risks or concerns

6. Force Majeure: Provisions for unforeseen circumstances affecting the transfer process

7. Modification Terms: Include when the vehicle has modifications that need special documentation or warranties

1. Schedule A - Vehicle Inspection Report: Detailed report of vehicle condition, including photographs and technical inspection results

2. Schedule B - Service History: Complete maintenance and service history of the vehicle

3. Schedule C - Payment Schedule: Detailed breakdown of payment terms if involving multiple payments

4. Schedule D - Existing Insurance Details: Details of current insurance policy and transfer requirements

5. Schedule E - Registration Documents: Copies of current registration certificate and transfer forms

6. Appendix 1 - Vehicle Photographs: Dated photographs of vehicle from multiple angles showing current condition

7. Appendix 2 - Accessories List: Detailed list of accessories included in the sale

8. Appendix 3 - Outstanding Loans/Liens: Documentation showing clearance of any existing loans or liens on the vehicle