What Clauses Should Be Included in a Contract When Buying a Used Japanese Forklift?

When purchasing a used Japanese forklift (especially from an individual), the contract should be as clear as possible to minimize future disputes. You should include the following key clauses:

1. General Information

• Seller (individual): full name, ID number, address, phone number.

• Buyer: full name/company, tax code (if any), address, phone number.

• Date and place of signing the contract.

2. Forklift Information

• Brand, model, year of manufacture.

• Chassis number, engine number.

• Condition (used, with/without customs documents, inspection papers if available).

• Accessories included (battery, charger, extra forks, documents).

3. Price & Payment

• Selling price (specified in both numbers and words, inclusive/exclusive of taxes and fees).

• Payment method (cash/bank transfer).

• Payment term (immediate, deposit, installment).

4. Delivery

• Time and place of delivery.

• Transportation costs (borne by which party).

• Handover minutes (specifying the forklift’s condition at delivery).

5. Warranty / Quality Commitment

• Commitment that the forklift is not under dispute, mortgage, or pledge.

• Forklift operates normally at the time of delivery.

• With/without warranty (if yes, specify coverage and period, e.g., 1–3 months for engine or hydraulic pump).

6. Rights and Obligations of the Parties

• Seller: provide the forklift as described, deliver on time, assist with documents.

• Buyer: make full payment, receive the forklift on time.

7. Special Clauses (Recommended)
In case the buyer purchases but stores the forklift at the seller’s warehouse for 3 months:

• State clearly: ownership belongs to the buyer, but the seller provides warehouse storage for … (3 months).

• Responsibility during storage:

  • If damage occurs due to natural wear (used condition), the buyer bears responsibility.

  • If damage/loss occurs due to poor storage, the seller bears responsibility.

• Storage fee: yes/no (if free, specify clearly).

8. Penalties & Dispute Resolution

• Handling in case of late payment by the buyer.

• Handling in case of wrong model or incorrect condition delivered by the seller.

• Dispute resolution authority: Court where the contract is signed.

9. Final Clauses

• Contract validity (effective from which date).

• Number of copies, signatures, seals (if any).

👉 In summary, when buying a used Japanese forklift from an individual, you should pay special attention to: forklift condition – quality commitment – storage responsibility if kept at seller’s warehouse – price, payment, and delivery.