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1. Parties: Identifies the seller and buyer with their complete legal names, addresses, and contact information
2. Background: Brief context about the sale transaction and the parties' intention to transfer ownership of the 4-wheeler
3. Definitions: Defines key terms used throughout the document for clarity and legal certainty
4. Vehicle Description: Detailed description of the 4-wheeler including make, model, year, VIN, color, mileage, and any distinctive features
5. Purchase Price: States the agreed purchase price and currency
6. Payment Terms: Specifies how and when payment is to be made
7. Transfer of Title: Explicitly states the transfer of ownership from seller to buyer
8. Seller's Representations: Seller's warranties about vehicle ownership, condition, and absence of liens
9. Buyer's Acknowledgments: Buyer's confirmation of vehicle inspection and acceptance of condition
10. Risk and Insurance: Specifies when risk transfers to the buyer and insurance requirements
11. Execution: Signature block with date and witness provisions
1. Payment Plan: Include when the purchase price is to be paid in installments
2. Condition Report: Detailed assessment of vehicle condition, recommended for used vehicles
3. Special Modifications: Description of any custom modifications to the vehicle
4. Trade-in Details: Include when another vehicle is being traded as part of the transaction
5. Warranty Terms: Include for any additional warranties beyond standard representations
6. Dispute Resolution: Include specific dispute resolution procedures if desired by parties
7. Force Majeure: Include when parties want protection against unforeseen circumstances affecting completion
1. Schedule A - Vehicle Photographs: Dated photographs showing condition of vehicle at time of sale
2. Schedule B - Vehicle Documentation: Copies of registration, insurance, and maintenance records
3. Schedule C - Inspection Report: Third-party inspection report if conducted
4. Schedule D - Payment Schedule: Detailed payment plan if applicable
5. Appendix 1 - Vehicle History Report: Official vehicle history report showing ownership and accident history
6. Appendix 2 - Modifications List: Detailed list of modifications with costs and specifications if applicable
Purchase Price
Completion Date
Deposit
Effective Date
Encumbrance
FRSC
Lien
Parties
Seller
Buyer
Registration Documents
Title
Transfer Date
VIN
Warranties
Roadworthiness Certificate
Insurance Certificate
Payment Terms
Proof of Ownership
Vehicle Documents
Customs Duty Certificate
Force Majeure
Material Defect
Inspection Report
Business Day
Nigerian Naira
Stamp Duty
Transfer Fee
Recitals
Definitions
Sale and Purchase
Purchase Price
Payment Terms
Transfer of Title
Delivery
Seller's Representations and Warranties
Buyer's Acknowledgments
Vehicle Description
Condition of Vehicle
Registration and Documentation
Insurance
Risk Transfer
Taxes and Duties
Compliance with Laws
Indemnification
Force Majeure
Dispute Resolution
Governing Law
Entire Agreement
Amendments
Severability
Notices
Execution
Automotive
Transportation
Retail
Finance and Banking
Insurance
Agriculture
Construction
Mining
Oil and Gas
Logistics
Real Estate
Legal
Procurement
Finance
Operations
Administration
Compliance
Risk Management
Sales
Asset Management
Fleet Management
Logistics
Fleet Manager
Procurement Manager
Legal Counsel
Compliance Officer
Sales Manager
Vehicle Dealer
Administrative Officer
Finance Manager
Operations Manager
Risk Manager
Contract Administrator
Business Owner
Property Manager
Logistics Coordinator
Asset Manager
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