Simple Auto Sale Contract Template for Nigeria

The Simple Auto Sale Contract is a fundamental legal document used in Nigeria for the transfer of vehicle ownership between parties. This document is essential for both private individuals and businesses engaged in vehicle sales transactions, providing a clear framework for documenting the terms of sale, vehicle details, and transfer of ownership. It incorporates requirements from Nigerian legislation, including the Sale of Goods Act, Federal Road Safety Commission regulations, and general contract law principles. The document is particularly valuable for ensuring compliance with local registration requirements and protecting both buyers' and sellers' interests through clear documentation of the transaction terms, vehicle condition, and warranties.

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

2. Background: Brief context establishing the seller's ownership and intention to sell, and buyer's intention to purchase

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

4. Vehicle Description: Detailed description of the vehicle including make, model, year, color, VIN, mileage, and registration number

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

6. Transfer of Title: Terms regarding the transfer of vehicle ownership and required documentation

7. Seller's Representations: Seller's warranties about vehicle ownership, condition, and absence of liens

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

9. Delivery: Details of vehicle handover including time, location, and responsibility for transfer costs

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