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Conditional Deed Of Sale Of Motor Vehicle
"I need a Conditional Deed of Sale of Motor Vehicle for selling our company's fleet of three Toyota Hilux trucks to a construction company, with settlement scheduled for March 15, 2025, conditional upon satisfactory mechanical inspection and proof of insurance."
1. Parties: Identification and details of the seller and purchaser, including full legal names, addresses, and contact information
2. Background: Context of the sale, including brief description of the vehicle and intention to enter into a conditional sale agreement
3. Definitions: Definitions of key terms used throughout the deed, including 'Vehicle', 'Purchase Price', 'Settlement Date', and 'Conditions Precedent'
4. Sale and Purchase: Core agreement to sell and purchase the vehicle, subject to conditions
5. Purchase Price: Agreed purchase price, payment terms, and method of payment
6. Conditions Precedent: Specific conditions that must be satisfied before the sale becomes unconditional
7. Settlement: Details of the settlement process, including timing, location, and requirements for completion
8. Seller's Warranties: Warranties provided by the seller regarding vehicle ownership, condition, and disclosure of known issues
9. Purchaser's Acknowledgments: Purchaser's confirmations regarding vehicle inspection and acceptance of condition
10. Risk and Insurance: Transfer of risk and insurance requirements during the conditional period
11. Default: Consequences and remedies in case of default by either party
12. General Provisions: Standard contract clauses including governing law, notices, and dispute resolution
1. Trade-in Vehicle: Details of any vehicle being traded in as part of the purchase price, used when there is a trade-in arrangement
2. Finance and Security: Terms relating to vehicle financing and security interests, used when the purchase involves external financing
3. Installment Payments: Schedule of installment payments and related terms, used for seller-financed transactions
4. Special Conditions: Any special conditions or modifications required for the specific transaction
5. Commission: Details of any broker or dealer commission, used when the sale involves an intermediary
6. Joint Ownership: Special provisions for multiple purchasers, used when the vehicle will have joint owners
1. Schedule 1 - Vehicle Details: Comprehensive details of the vehicle including make, model, year, registration number, VIN, odometer reading, and specifications
2. Schedule 2 - Vehicle Condition Report: Detailed report on the current condition of the vehicle, including any known defects or damage
3. Schedule 3 - Payment Schedule: Detailed breakdown of payment terms and dates, particularly relevant for installment payments
4. Schedule 4 - Vehicle History: History of the vehicle including previous owners, accident history, and maintenance records
5. Schedule 5 - Inspection Report: Independent mechanical inspection report if obtained
6. Schedule 6 - Accessories and Modifications: List of all accessories and modifications included in the sale
Authors
Business Day
Completion Date
Conditions Precedent
Deposit
Encumbrance
GST
Insurance
Liabilities
Motor Vehicle
Outstanding Balance
Purchase Price
Registration
Related Documents
Security Interest
Seller's Warranties
Settlement
Settlement Date
Trade-in Vehicle
Vehicle
Vehicle Documentation
Vehicle Identification Number
Vehicle Inspection Report
Vehicle Registration Number
Warranties
Sale and Purchase
Conditions Precedent
Purchase Price
Payment Terms
Deposit
Vehicle Inspection
Transfer of Title
Risk and Insurance
Warranties
Vehicle Condition
Registration and Documentation
Settlement
Default
Trade-in
Security Interests
GST
Force Majeure
Notices
Assignment
Amendments
Entire Agreement
Severability
Governing Law
Dispute Resolution
Costs
Third Party Rights
Execution
Automotive
Transportation
Fleet Management
Vehicle Leasing
Automotive Retail
Vehicle Finance
Insurance
Legal Services
Vehicle Inspection Services
Corporate Fleet Services
Logistics
Legal
Procurement
Fleet Management
Operations
Finance
Compliance
Risk Management
Asset Management
Sales
Administration
Fleet Manager
Legal Counsel
Procurement Manager
Vehicle Sales Manager
Compliance Officer
Contract Administrator
Finance Manager
Risk Manager
Operations Manager
Business Development Manager
Vehicle Administrator
Legal Administrator
Dealership Manager
Asset Manager
Transportation Manager
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