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Scrap Vehicle Sale Agreement
"Need a Scrap Vehicle Sale Agreement for selling our company's fleet of 5 commercial vehicles to ABC Recycling Pte Ltd in March 2025, with specific provisions for handling hazardous materials and COE rebates."
1. Parties: Identification and details of the seller and buyer
2. Background: Context of the sale and basic information about the vehicle
3. Definitions: Key terms used throughout the agreement
4. Sale and Purchase: Core terms of the transaction including price and payment terms
5. Representations and Warranties: Statements about the condition and ownership of the vehicle
6. Completion: Process and requirements for completing the sale
7. De-registration: Requirements and responsibilities for vehicle de-registration
1. Environmental Compliance: Specific environmental requirements and procedures for handling hazardous materials
2. COE Rebate: Provisions for handling any remaining Certificate of Entitlement value
3. Insurance: Insurance requirements during transfer period until final scrapping
1. Vehicle Details: Detailed description of the vehicle including registration number, make, model, and current condition
2. Required Documents: List of documents needed for de-registration and transfer
3. Environmental Compliance Checklist: Checklist for environmental requirements and hazardous material handling procedures
Authors
Applicable Laws
Business Day
Certificate of Entitlement (COE)
COE Rebate
Completion
Completion Date
De-registration
Environmental Laws
Hazardous Materials
Land Transport Authority (LTA)
National Environment Agency (NEA)
Purchase Price
Regulatory Approvals
Scrap Value
Seller's Warranties
Vehicle
Vehicle Documentation
Vehicle Registration Number
Payment Terms
Vehicle Condition
Representations and Warranties
De-registration Requirements
Environmental Compliance
Transfer of Ownership
COE Rebate Handling
Completion Requirements
Documentation Requirements
Regulatory Compliance
Risk and Title Transfer
Seller's Obligations
Buyer's Obligations
Indemnification
Force Majeure
Termination
Governing Law
Dispute Resolution
Notices
Entire Agreement
Severability
Assignment
Amendments
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