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Conditional Deed Of Sale Of Motor Vehicle
"I need a Conditional Deed of Sale of Motor Vehicle for a new BMW X5 being sold through our dealership to a corporate client, with the sale conditional upon successful financing approval by March 2025 and including specific warranty terms for business use."
1. Parties: Identification and details of the Seller and Purchaser, including full legal names, identity numbers, and contact details
2. Background: Context of the sale, establishing the Seller's ownership and intention to sell, and Purchaser's intention to buy
3. Definitions: Definitions of 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, VIN, engine number, registration number, and color
5. Purchase Price: The agreed purchase price, payment terms, deposit requirements, and payment method
6. Payment Terms: Detailed breakdown of payment structure, including deposit, balance payment timing, and payment mechanisms
7. Transfer of Ownership: Conditions for and timing of ownership transfer, including registration requirements
8. Warranties and Representations: Seller's warranties regarding vehicle condition, ownership, and encumbrances
9. Delivery: Terms and conditions of vehicle delivery, including timing and location
10. Risk and Insurance: Transfer of risk and insurance requirements during the sale process
11. Breach and Termination: Consequences of breach and termination provisions
12. General Terms: Standard contract provisions including governing law, jurisdiction, and entire agreement clause
1. Trade-in Agreement: Used when there is a trade-in vehicle as part of the transaction, detailing the trade-in vehicle and its agreed value
2. Financing Conditions: Required when the purchase is subject to financing approval, detailing the financing conditions and timeframes
3. Vehicle Modifications: Needed when the vehicle has aftermarket modifications that need to be detailed and warranted
4. Commission Agreement: Required when a dealer or agent is involved in the sale and earning commission
5. Import/Export Provisions: Necessary when the vehicle is being imported or exported, detailing compliance requirements
6. Warranty Extension: Used when additional warranty terms are being provided beyond statutory requirements
1. Schedule A - Vehicle Specification: Detailed technical specifications of the vehicle including all features and accessories
2. Schedule B - Vehicle Condition Report: Comprehensive report on the vehicle's condition, including photographs and noted defects
3. Schedule C - Service History: Details of the vehicle's service history and maintenance records
4. Schedule D - Payment Schedule: Detailed breakdown of payment terms if involving multiple payments or financing
5. Appendix 1 - Vehicle Documents: Copies of registration papers, roadworthy certificates, and other relevant documentation
6. Appendix 2 - Warranty Terms: Detailed warranty terms and conditions if applicable
Authors
Vehicle
Purchase Price
Deposit
Balance of Payment
Seller
Purchaser
Delivery Date
Effective Date
Registration Documents
Roadworthy Certificate
Vehicle Identification Number (VIN)
Engine Number
License Number
Transfer Documents
Condition Precedent
Transfer Date
Warranty Period
Defect
Material Defect
Encumbrance
Finance Agreement
Insurance
Parties
Business Day
Registration Authority
Signature Date
Transfer of Ownership
Vehicle Documents
Default
Force Majeure
Intellectual Property
Outstanding Balance
Payment Terms
Roadworthy
Service History
Trade-in Vehicle
Vehicle Specifications
Warranties
Interpretation
Definitions
Sale
Purchase Price
Payment Terms
Condition Precedent
Delivery
Transfer of Ownership
Vehicle Condition
Warranties
Representations
Risk and Insurance
Registration and Licensing
Roadworthiness
Vehicle Documents
Seller Obligations
Purchaser Obligations
Default
Breach
Dispute Resolution
Governing Law
Jurisdiction
Force Majeure
Notices
Costs
Assignment
Entire Agreement
Severability
Amendment
Indemnification
Termination
Trade-in
Financing Conditions
Insurance Requirements
Inspection Rights
Voetstoots
Good Faith
Automotive
Financial Services
Insurance
Legal Services
Transportation
Fleet Management
Retail
Vehicle Leasing
Legal
Sales
Finance
Compliance
Operations
Risk Management
Contract Administration
Business Development
Vehicle Administration
Sales Manager
Finance Manager
Legal Counsel
Compliance Officer
Fleet Manager
Vehicle Finance Specialist
Automotive Sales Executive
Dealership Manager
Contract Administrator
Risk Manager
Business Development Manager
Operations Manager
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