Artwork in tangible form is personal property. Transfer of title can therefore be made by a Bill of Sale. A Bill of Sale also constitutes a record of the transaction for both the artist and the person buying the artwork. It can provide the seller with a record of what has been sold, to whom, when, and for what price. The following form anticipates that the seller is the artist and therefore reserves copyright and reproduction rights.
Sample Deed Of Sale Of Motor Vehicle In The Philippines In Chicago
Category:
State:
Multi-State
City:
Chicago
Control #:
US-00443BG
Format:
Word;
Rich Text
Instant download
Description
Form popularity
FAQ
The Deed of Sale also needs to be notarized, otherwise, the transaction is considered invalid. When the transaction is considered invalid, even the signed contract of sale is considered nothing better than a tissue paper.
A contract, under Philippine law, becomes binding as soon as there is mutual consent between the parties, consideration (payment or exchange of services), and a lawful object (subject matter of the agreement). These elements are enough to form a valid and enforceable contract, even without notarization.
You may notarize a document that does not have pre-printed notarial wording as long as the signer tells you what type of notarization is needed. You would then attach the appropriate certificate wording.
An unnotarized deed of sale is not automatically void. In fact, under Philippine law, a contract of sale is valid as long as the essential elements of a contract are present: consent, object, and cause or consideration.
A common misconception is that a deed of sale alone is sufficient to establish full ownership. Under Philippine law, ownership of real property is primarily evidenced by a “Certificate of Title” (or Torrens Title, in the case of land).
It is generally required that the requesting party or their duly authorized representative personally appear at the court's Office of the Clerk of Court. Bring one or more valid government-issued identification documents (such as a Philippine passport, driver's license, or a national ID).
Like any other legal document like an Affidavit of Loss, the Deed of Sale almost always generally require the following information: Names and identity of the parties. Addresses of both parties. Details of the vehicle. General details in the certificate of registration.
A handwritten agreement that fulfills all essential requisites of a contract of sale can be binding between the parties. However, when it comes to real property, the sale must be in a public instrument (i.e., notarized) to be enforceable against third parties.
