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1. Parties: Identifies and provides full details of the seller and buyer, including names, addresses, and contact information
2. Background: Brief context about the sale transaction and ownership status of the vehicle
3. Definitions: Defines key terms used throughout the document
4. Vehicle Description: Detailed description of the vehicle including make, model, year, VIN, color, mileage, and other identifying features
5. Sale Price and Payment: States the agreed purchase price and payment terms, including method of payment
6. Seller's Representations: Seller's warranties about vehicle ownership, condition, and absence of liens or encumbrances
7. Transfer of Title: Formal statement of ownership transfer and requirements for registration transfer
8. As-Is Condition: Statement that the vehicle is sold 'as-is' with any known defects disclosed
9. Odometer Disclosure: Declaration of the vehicle's mileage at time of sale
10. Governing Law: Specifies that Nigerian law governs the agreement
11. Execution: Signature block for both parties and witnesses
1. Warranty Terms: Include if seller is providing any warranties beyond statutory requirements
2. Payment Schedule: Include if payment is to be made in installments
3. Inspection Period: Include if buyer is granted a period to inspect the vehicle before finalizing the sale
4. Insurance Requirements: Include if specific insurance arrangements are needed during transfer period
5. Trade-In Details: Include if another vehicle is being traded as part of the transaction
6. Dispute Resolution: Include if parties wish to specify particular dispute resolution mechanisms
1. Schedule A - Vehicle Inspection Report: Detailed report of vehicle's condition and any existing damage
2. Schedule B - Vehicle Service History: Documentation of maintenance and repair history
3. Schedule C - Vehicle Registration Documents: Copies of current registration and relevant transfer documents
4. Schedule D - Vehicle Photos: Dated photographs of vehicle showing condition and any damage
5. Appendix 1 - Proof of Ownership: Copy of current title and any supporting ownership documentation
6. Appendix 2 - Payment Receipt: Receipt confirming payment for the vehicle
Vehicle
Purchase Price
Closing Date
Effective Date
Seller
Buyer
Parties
Business Day
Registration Documents
Certificate of Title
VIN
Encumbrances
Liens
As-Is Condition
Transfer Documents
Warranty
Odometer Reading
Material Defects
Governing Law
Force Majeure
Notice
Payment Terms
Vehicle Documents
Roadworthiness Certificate
Insurance Certificate
Proof of Ownership
Nigerian Naira
Vehicle Registration Authority
Authorized Representative
Vehicle Description
Consideration
Payment Terms
Transfer of Title
Representations and Warranties
Vehicle Condition
Odometer Disclosure
Registration and Documentation
Seller's Obligations
Buyer's Obligations
Risk and Insurance
Inspection Rights
Defects Disclosure
Warranty Limitations
Title Guarantee
Lien Release
Regulatory Compliance
Governing Law
Force Majeure
Dispute Resolution
Signatures and Attestation
Notices
Assignment
Severability
Entire Agreement
Amendment
Witness Provisions
Automotive
Transportation
Fleet Management
Legal Services
Insurance
Vehicle Dealerships
Corporate Services
Private Transportation
Car Rental
Vehicle Leasing
Legal
Procurement
Administration
Compliance
Operations
Sales
Fleet Management
Risk Management
Finance
Corporate Services
Legal Counsel
Fleet Manager
Procurement Manager
Sales Manager
Compliance Officer
Administrative Officer
Contract Administrator
Vehicle Sales Representative
Risk Manager
Operations Manager
Business Owner
Corporate Secretary
Finance Manager
Dealership Manager
Legal Administrator
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