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Motorcycle Selling Agreement
"I need a Motorcycle Selling Agreement for my dealership in Lagos, Nigeria to sell a new Yamaha YZF-R1 to a corporate buyer who will be using it for their delivery fleet, with payment to be made in three installments over 6 months starting March 2025."
1. Parties: Identifies and provides full details of the seller and buyer
2. Background: Brief context of the sale and purpose of the agreement
3. Definitions: Defines key terms used throughout the agreement
4. Sale and Purchase: Core terms of the sale including price and basic conditions
5. Description of Motorcycle: Detailed identification of the motorcycle including make, model, year, and VIN
6. Purchase Price and Payment: Specifies the price, payment method, and payment terms
7. Transfer of Title and Registration: Process and obligations for transferring ownership and updating registration
8. Seller's Representations and Warranties: Seller's statements about the motorcycle's condition and legal status
9. Buyer's Acknowledgments: Buyer's confirmation of inspection and acceptance of condition
10. Delivery and Collection: Terms for the physical transfer of the motorcycle
11. Risk and Insurance: Specifies when risk transfers and insurance requirements
12. Governing Law and Jurisdiction: Specifies Nigerian law as governing law and jurisdiction for disputes
13. Entire Agreement: Standard clause confirming the agreement represents the complete understanding between parties
1. Financing Terms: Required when the purchase involves financing or installment payments
2. Maintenance Agreement: Used when the sale includes specific maintenance commitments or service packages
3. Trade-in Terms: Needed when another vehicle is being traded as part of the purchase
4. Dealer Warranty: Required for new motorcycles or when dealer warranty is offered
5. Import Documentation: Required when the motorcycle is imported and needs customs clearance
6. Commercial Use Terms: Required when the motorcycle is intended for commercial or business use
7. Return Policy: Optional section for dealers offering a return or exchange period
1. Schedule 1 - Motorcycle Specifications: Detailed technical specifications and features of the motorcycle
2. Schedule 2 - Condition Report: Detailed assessment of the motorcycle's condition, including any existing damage or wear
3. Schedule 3 - Maintenance History: Service history and maintenance records of the motorcycle
4. Schedule 4 - Registration Documents: Copies of current registration and other official documents
5. Schedule 5 - Payment Schedule: If applicable, detailed breakdown of payment installments and dates
6. Appendix A - Warranty Terms: Detailed warranty terms and conditions if applicable
7. Appendix B - Required Insurance Documentation: Insurance requirements and proof of coverage
Authors
Motorcycle
Purchase Price
Completion Date
Delivery Date
Effective Date
Seller
Buyer
Deposit
Registration Documents
Certificate of Title
VIN
Road Worthiness Certificate
Warranty Period
Encumbrances
Force Majeure
Insurance Policy
Maintenance Records
Payment Terms
Proof of Ownership
Purchase Order
Registration Authority
Selling Price
Specifications
Transfer Documents
Vehicle License
Business Day
Completion
Condition Report
Default
Governing Law
Inspection Report
Material Adverse Change
Notice
Outstanding Payment
Parties
Place of Delivery
Regulatory Requirements
Security Interest
Term
Title Documents
Trade-in Vehicle
Transaction Documents
Working Hours
Sale and Purchase
Purchase Price
Payment Terms
Title Transfer
Delivery
Representations and Warranties
Condition of Vehicle
Registration and Documentation
Insurance
Risk Transfer
Warranties
Inspection Rights
Seller's Obligations
Buyer's Obligations
Regulatory Compliance
Road Worthiness
Default
Termination
Force Majeure
Assignment
Notices
Entire Agreement
Amendment
Severability
Waiver
Counterparts
Further Assurance
Governing Law
Dispute Resolution
Indemnification
Confidentiality
Costs and Expenses
Automotive
Transportation
Retail
Logistics
Delivery Services
Manufacturing
Vehicle Leasing
Import/Export
Vehicle Finance
Insurance
Legal
Sales
Compliance
Operations
Procurement
Finance
Risk Management
Business Development
Import/Export
Customer Service
Documentation
Sales Manager
Legal Counsel
Compliance Officer
Dealership Manager
Fleet Manager
Procurement Officer
Contract Administrator
Business Development Manager
Import/Export Manager
Vehicle Finance Manager
Insurance Underwriter
Operations Manager
Logistics Coordinator
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