Simple Car Sale Contract Template for Nigeria

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Key Requirements PROMPT example:

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."

Document background
The Simple Car Sale Contract is a fundamental legal document used in Nigeria for documenting and formalizing the sale and purchase of motor vehicles. This template is designed for use in both private sales and commercial transactions, providing a clear framework for transferring vehicle ownership while ensuring compliance with Nigerian law. It incorporates essential elements required by the Sales of Goods Act, Federal Road Safety Commission regulations, and other relevant Nigerian legislation. The document is particularly valuable for protecting both parties' interests by clearly stating vehicle details, price, payment terms, and warranties, while maintaining simplicity and ease of use. It can be customized for various scenarios, from straightforward cash sales to more complex arrangements involving deposits or installment payments.
Suggested Sections

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

Optional Sections

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

Suggested Schedules

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

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant Industries

Automotive

Transportation

Fleet Management

Retail

Legal Services

Insurance

Financial Services

Asset Management

Corporate Services

Private Transport

Relevant Teams

Legal

Procurement

Sales

Administration

Compliance

Risk Management

Operations

Finance

Fleet Management

Asset Management

Relevant Roles

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

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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