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Vehicle Deed Of Sale
"I need a Vehicle Deed of Sale for my car dealership in Lagos, Nigeria, to sell a fleet of 5 imported Toyota vehicles to a corporate client, with payment to be made in three installments between January and March 2025."
1. Parties: Identification of the Seller and Buyer with full legal names, addresses, and contact details
2. Background: Brief context of the transaction and confirmation that the Seller owns the vehicle
3. Definitions: Key terms used in the deed including 'Vehicle', 'Purchase Price', 'Completion Date', etc.
4. Vehicle Details: Comprehensive description of the vehicle including make, model, year, color, VIN/chassis number, engine number, and registration number
5. Sale and Purchase: Core terms of the sale including purchase price, payment terms, and transfer of ownership
6. Seller's Representations and Warranties: Seller's declarations about vehicle ownership, condition, and absence of encumbrances
7. Transfer of Title: Process and timing for transferring vehicle ownership documents and registration
8. Completion: Details of when and how the sale will be completed, including handover of vehicle and documentation
9. Governing Law: Specification that Nigerian law governs the deed
10. Execution: Signature blocks for parties and witnesses
1. Condition of Vehicle: Detailed description of vehicle condition, to be included when selling used vehicles or vehicles with known issues
2. Payment Schedule: Include when the purchase price is to be paid in installments
3. Insurance and Risk: Add when there's a gap between signing and completion, specifying who bears risk and insurance responsibility
4. Outstanding Loans: Include if there's any outstanding finance on the vehicle that needs to be cleared
5. Import Documentation: Required for imported vehicles to confirm legal importation and customs clearance
6. Dispute Resolution: Optional clause specifying mechanism for resolving disputes, particularly useful in high-value sales
1. Schedule 1 - Vehicle Inspection Report: Detailed report of vehicle condition and any existing damage
2. Schedule 2 - Vehicle Documentation: List of all documents being transferred with the vehicle (registration, insurance, maintenance records, etc.)
3. Schedule 3 - Payment Terms: Detailed breakdown of payment schedule if applicable
4. Appendix A - Photographs: Current photographs of the vehicle showing condition and any damage
5. Appendix B - Service History: Complete service history and maintenance records of the vehicle
6. Appendix C - Vehicle Registration Documents: Copies of current vehicle registration and licensing documents
Authors
Vehicle
Purchase Price
Completion Date
Completion
Seller
Buyer
Parties
Business Day
Vehicle Documents
Registration Documents
Encumbrances
Transfer Documents
Vehicle Identification Number
Engine Number
Chassis Number
Registration Number
Certificate of Title
Road Worthiness Certificate
Insurance Certificate
Consideration
Delivery Location
Effective Date
Payment Terms
Outstanding Liabilities
Warranties
Force Majeure
Governing Law
Vehicle Condition Report
Inspection Report
Definitions
Sale and Purchase
Purchase Price
Payment Terms
Vehicle Description
Transfer of Title
Delivery
Seller's Warranties
Seller's Representations
Vehicle Condition
Registration and Documentation
Insurance
Risk Transfer
Buyer's Obligations
Encumbrances
Due Diligence
Completion Requirements
Default
Indemnification
Force Majeure
Notices
Assignment
Entire Agreement
Amendments
Severability
Governing Law
Dispute Resolution
Costs
Execution
Automotive
Transportation
Legal Services
Insurance
Finance and Banking
Fleet Management
Logistics
Car Dealership
Vehicle Leasing
Public Transportation
Legal
Procurement
Sales
Administration
Compliance
Operations
Fleet Management
Risk Management
Documentation
Asset Management
Fleet Manager
Legal Counsel
Procurement Manager
Sales Manager
Administrative Officer
Compliance Officer
Transport Manager
Vehicle Registration Officer
Contract Administrator
Business Owner
Operations Manager
Risk Manager
Documentation Specialist
Asset Manager
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