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1. Parties: Identification and details of the seller and buyer, including full names, addresses, and contact information
2. Background: Brief context of the sale and confirmation that the seller owns the vehicle
3. Definitions: Key terms used throughout the agreement
4. Vehicle Details: Comprehensive description of the vehicle including make, model, year, VIN, registration number, mileage
5. Purchase Price and Payment: Agreed purchase price, payment method, and payment schedule if applicable
6. Seller's Representations: Seller's warranties about the vehicle's condition, ownership, and encumbrances
7. Transfer of Ownership: Process and timing of ownership transfer, including documentation requirements
8. Vehicle Condition: Current condition of the vehicle, known issues, and recent maintenance history
9. Delivery: Details of when and where the vehicle will be handed over
10. Risk and Insurance: Transfer of risk and insurance responsibilities
11. Governing Law: Confirmation that Nigerian law governs the agreement
12. Signatures: Execution clause and space for parties' signatures
1. Financing Terms: Include when the purchase involves financing or installment payments
2. Trade-in Details: Include when there is a vehicle being traded in as part of the purchase
3. Warranty: Include when the seller is providing additional warranties beyond statutory requirements
4. Third-Party Rights: Include when there are third parties involved in the transaction
5. Import Documentation: Include for imported vehicles requiring specific customs documentation
6. Arbitration Clause: Include when parties agree to resolve disputes through arbitration
7. Return Policy: Include when the seller offers a return or exchange period
1. Schedule 1 - Vehicle Inspection Report: Detailed technical inspection report of the vehicle's condition
2. Schedule 2 - Service History: Documentation of vehicle's maintenance and repair history
3. Schedule 3 - Vehicle Registration Documents: Copies of current registration and ownership documents
4. Schedule 4 - Payment Schedule: If applicable, detailed breakdown of installment payments
5. Schedule 5 - Photographs: Current dated photographs of the vehicle showing condition
6. Appendix A - Vehicle Features List: Comprehensive list of vehicle features and accessories included in the sale
7. Appendix B - Defects List: Detailed list of known defects or issues with the vehicle
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