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Car Deed Of Absolute Sale

Car Deed Of Absolute Sale Template for Nigeria

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Key Requirements PROMPT example:

Car Deed Of Absolute Sale

"I need a Car Deed of Absolute Sale for my 2020 Toyota Camry being sold to a private buyer in Lagos, Nigeria, with the transfer scheduled for March 15, 2025; the document should include standard warranties and payment in three installments."

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Document background
The Car Deed of Absolute Sale is an essential legal instrument in Nigerian vehicle transactions, used to formalize and document the complete transfer of vehicle ownership. This document is required when conducting any vehicle sale transaction in Nigeria, whether between private individuals, companies, or a combination thereof. The deed must comply with various Nigerian laws including the Contract Act, Federal Road Safety Commission Act, and relevant state regulations. It serves multiple purposes: documenting the sale terms, protecting both parties' interests, facilitating vehicle registration transfer, and providing evidence of ownership change. The document includes crucial details such as vehicle specifications, price, payment terms, and warranties, making it a comprehensive record of the transaction.
Suggested Sections

1. Parties: Identification and details of the Seller and Buyer, including full names, addresses, and contact information

2. Background: Brief context of the transaction and confirmation of Seller's ownership

3. Definitions: Key terms used throughout the deed defined for clarity

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

5. Sale and Purchase: Core terms of the sale including purchase price and confirmation of absolute transfer of ownership

6. Payment Terms: Details of payment including amount, method, and confirmation of receipt

7. Seller's Representations and Warranties: Seller's declarations regarding vehicle ownership, condition, and absence of encumbrances

8. Transfer of Title: Terms regarding the transfer of vehicle documentation and registration

9. Delivery: Details of vehicle handover including time, place, and condition

10. Execution: Signature blocks and execution requirements

Optional Sections

1. Outstanding Loans: Required if there are any outstanding loans on the vehicle that need to be addressed

2. Customs Documentation: Needed for imported vehicles with specific customs requirements

3. Insurance Transfer: Details of insurance policy transfer or termination if applicable

4. Maintenance History: Include when there's significant service history to be documented

5. Third Party Consents: Required when third party approval is needed for the transfer

6. Dispute Resolution: Optional clause specifying method of resolving potential disputes

Suggested Schedules

1. Schedule A - Vehicle Details: Comprehensive technical specifications and features of the vehicle

2. Schedule B - Payment Details: Breakdown of payment terms, installments if any, and payment proof

3. Schedule C - Vehicle Documents: List of all documents being transferred with the vehicle

4. Appendix 1 - Vehicle Inspection Report: Recent inspection report detailing vehicle condition

5. Appendix 2 - Photographs: Recent photographs of the vehicle showing its condition

6. Appendix 3 - Maintenance Records: Service history and maintenance documentation

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions






























Clauses




























Relevant Industries

Automotive

Transportation

Fleet Management

Car Dealership

Legal Services

Insurance

Banking and Finance

Logistics

Corporate Services

Public Transportation

Vehicle Leasing

Relevant Teams

Legal

Compliance

Administration

Procurement

Sales

Operations

Finance

Risk Management

Fleet Operations

Asset Management

Relevant Roles

Fleet Manager

Legal Counsel

Compliance Officer

Administrative Officer

Procurement Manager

Sales Manager

Vehicle Registration Officer

Contract Administrator

Risk Manager

Operations Manager

Finance Manager

Company Secretary

Transportation Manager

Asset Manager

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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