The Bike Sale Form is a standardized legal document designed for use in Nigeria when transferring ownership of bicycles or motorcycles between parties. This document is essential for both private sales and commercial transactions, providing a clear framework that complies with Nigerian legislation including the Sale of Goods Act, Consumer Protection Council Act, and Federal Road Safety Commission regulations. It should be used whenever a bike ownership transfer occurs, whether between individuals or businesses, and includes crucial details such as vehicle specifications, payment terms, warranties, and ownership transfer procedures. The form is particularly important in the Nigerian context where proper documentation of vehicle sales is required for registration and regulatory compliance.

1. Parties: Identification of the seller and buyer with full legal names and addresses

2. Background: Brief context of the sale and purpose of the agreement

3. Definitions: Key terms used in the agreement including 'Vehicle', 'Purchase Price', 'Delivery Date'

4. Vehicle Description: Detailed description of the bike including make, model, year, color, VIN/frame number, and current mileage

5. Purchase Price and Payment: The agreed purchase price and payment terms including method and timing of payment

6. Transfer of Ownership: Terms regarding the transfer of title and ownership from seller to buyer

7. Seller's Representations: Seller's warranties about the bike's condition, ownership, and absence of encumbrances

8. Buyer's Acknowledgments: Buyer's confirmation of inspection and acceptance of the bike's condition

9. Delivery: Terms regarding the delivery or collection of the bike

10. Risk and Insurance: When risk passes from seller to buyer and insurance requirements

11. Governing Law: Specification that Nigerian law governs the agreement

12. Execution: Signature blocks for both parties and witnesses