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Deed of sale motor vehicle template philippines

Deed of sale of motor vehicle word format philippines

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Example of deed of sale Philippines :

KNOW ALL MEN BY THESE PRESENTS:

 

          That ­­­­­­­­­­­­­­­­_____________________, a corporation duly organized under the laws of the Republic of the Philippines with principal office address at ___________________________ (“Seller”) is the lawful owner of a certain motor vehicle which is more particularly described as follows: 

 

MAKE                   :

ENGINE NO.                      :

SERIES                :

SERIAL/CHASSIS NO.       :

TYPE OF BODY    :

PLATE NO.                        :

YEAR MODEL      :

FILE NO.                           :

 

C.R. NO.                            :

 

and including the following:

 

 

         That for and in consideration of the sum of _____________________________________PESOS, Philippine Currency, tendered as follows and receipt of which is acknowledged:

 

·         check dated _____________ in the amount of _________________

·         postdated check dated ______________ in the amount of _______________

 

the Seller hereby sells, transfers, and conveys by way of Sale unto ___________________ (the “Buyer”) a corporation duly existing and organized under the laws of the Republic of the Philippines with principal office address at _______________________, the above described motor vehicle, free from all liens and encumbrances.

 

         That this sale is made on an “as is where is” basis and the Buyer acknowledges that it was allowed by the Seller to test drive the vehicle, check the vehicle, and have a mechanic examine the vehicle. The BUYER further acknowledges that upon inspection and having test-driven the vehicle, the same was found to be in good running condition and free of all defects. The Buyer also hereby acknowledges and agrees to assume the obligations with respect to any fees, duties, taxes, and other expenses due to the government or any of its agencies, and instrumentalities including registration fees due after execution of this document.

 

         That the Buyer shall henceforth after the execution of this Document be responsible for the operation of the Motor Vehicle, and the Buyer shall likewise undertake to transfer the Motor Vehicle’s Certificate of Registration from the name of the Seller to the name of the Buyer. The Buyer shall hold the Seller harmless from the consequences arising from any future accident or incident involving the above vehicle after the execution of this contract, and the Buyer shall fully assume the responsibility for such consequences.

 

         That the sale is final and non-retractable.

 

          IN WITNESS WHEREOF, we have hereunto affixed our hands this ___th day of ­­­­­­­2018 at __________ City.....

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