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Simple Car Sale Contract
"I need a Simple Car Sale Contract for selling my personal Toyota Camry to a private buyer in Lagos, with payment to be made in two installments by March 2025, and I want to ensure the document includes specific provisions about the car's existing minor damage to the rear bumper."
1. Parties: Identifies and provides full details of the seller and buyer, including names, addresses, and contact information
2. Background: Brief context explaining the seller's ownership and intention to sell, and buyer's intention to purchase
3. Definitions: Defines key terms used in the agreement such as 'Vehicle', 'Purchase Price', 'Completion Date'
4. Vehicle Details: Comprehensive description of the vehicle including make, model, year, color, VIN, registration number, and mileage
5. Purchase Price and Payment: States the agreed purchase price and payment terms, including deposit if applicable
6. Transfer of Ownership: Details when and how ownership transfers from seller to buyer
7. Seller's Warranties: Basic warranties about vehicle ownership, condition, and legal status
8. Buyer's Acknowledgments: Buyer's confirmation of vehicle inspection and acceptance of condition
9. Completion: Details of the completion process, including delivery/collection arrangements
10. Governing Law: Specifies that Nigerian law governs the agreement
11. Signatures: Space for parties to sign, including date and witness provisions
1. Deposit Terms: Used when the sale involves a deposit payment structure
2. Outstanding Loans: Required if there are any outstanding loans or encumbrances on the vehicle
3. Insurance Arrangements: Include when specific insurance arrangements need to be made during transfer
4. Condition Report: Used for sales of used vehicles where specific defects or conditions need to be acknowledged
5. Payment in Installments: Include when the purchase price will be paid in installments rather than as a single payment
6. Import Documentation: Required for imported vehicles to confirm legal import and duty payment
1. Schedule 1 - Vehicle Specification: Detailed technical specifications and features of the vehicle
2. Schedule 2 - Vehicle Condition Report: Detailed report of the vehicle's condition, including photographs and noted defects
3. Schedule 3 - Maintenance History: Service history and maintenance records of the vehicle
4. Appendix A - Required Documentation: List of documents to be provided upon completion (registration, insurance, etc.)
5. Appendix B - Payment Schedule: If applicable, detailed breakdown of installment payments and dates
Authors
Vehicle
Purchase Price
Completion Date
Deposit
Registration Documents
Seller
Buyer
Completion
Business Day
Encumbrances
Outstanding Loans
Vehicle Documents
Warranties
Transfer Documents
Registration Number
VIN
Delivery Location
Payment Date
Condition Report
Maintenance Records
Roadworthiness Certificate
Insurance Documents
Customs Documentation
Effective Date
Sale and Purchase
Purchase Price
Payment Terms
Transfer of Ownership
Delivery
Seller's Warranties
Buyer's Warranties
Vehicle Condition
Registration and Documentation
Representations
Risk and Insurance
Completion Requirements
Default
Force Majeure
Entire Agreement
Governing Law
Dispute Resolution
Notices
Assignment
Severability
Amendments
Costs
Further Assurance
Automotive
Transportation
Fleet Management
Retail
Legal Services
Insurance
Financial Services
Asset Management
Corporate Services
Private Transport
Legal
Procurement
Sales
Administration
Compliance
Risk Management
Operations
Finance
Fleet Management
Asset Management
Legal Counsel
Fleet Manager
Procurement Manager
Sales Manager
Business Owner
Car Dealer
Administrative Officer
Compliance Officer
Risk Manager
Asset Manager
Operations Manager
Company Secretary
Finance Manager
Legal Administrator
Contract Administrator
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