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Deed Of Sale Company Vehicle
"I need a Deed of Sale Company Vehicle for transferring ownership of our Toyota Camry 2022 company car to a private buyer, with payment to be made in three installments by March 2025, and I need to include specific warranties about the vehicle's accident-free history."
1. Parties: Identifies the selling company and the purchaser with their full legal names, registration numbers (for companies), and registered addresses
2. Background: Establishes the context of the sale, confirming the company's ownership of the vehicle and intention to sell
3. Definitions: Defines key terms used throughout the deed including 'Vehicle', 'Completion Date', 'Purchase Price', etc.
4. Sale and Purchase: Core provision stating the seller's agreement to sell and the buyer's agreement to purchase the vehicle
5. Purchase Price: Specifies the agreed purchase price and payment terms
6. Completion: Details the completion process, including timing, location, and requirements for transfer of ownership
7. Seller's Warranties: Warranties regarding vehicle ownership, condition, and absence of encumbrances
8. Vehicle Documentation: Lists required documentation to be transferred with the vehicle
9. Risk and Insurance: Specifies when risk passes to the buyer and insurance requirements
10. Execution: Formal execution block for signing as a deed under Nigerian law
1. Condition of Vehicle: Detailed description of vehicle condition - used when selling vehicle 'as is' or with known issues
2. Payment in Installments: Include when purchase price is to be paid in installments rather than as a lump sum
3. Company Authority: Additional section confirming corporate authority for sale when required by company's articles
4. Outstanding Loans: Include if there are any outstanding loans or encumbrances that need to be cleared before sale
5. Maintenance History: Optional section detailing vehicle's maintenance history when this is a key factor in the sale
1. Schedule 1: Vehicle Details: Comprehensive details of the vehicle including make, model, year, VIN, registration number, color, and specifications
2. Schedule 2: Payment Terms: Detailed breakdown of payment terms, including any installment schedule if applicable
3. Schedule 3: Inventory of Items: List of additional items included in the sale (spare keys, service books, tools, etc.)
4. Schedule 4: Vehicle Condition Report: Detailed report of vehicle condition including photographs and noted defects
5. Appendix A: Vehicle Documents: Copies of vehicle registration, insurance certificates, and maintenance records
Authors
Transportation
Logistics
Manufacturing
Construction
Oil and Gas
Agriculture
Professional Services
Retail
Healthcare
Mining
Telecommunications
Legal
Finance
Operations
Administration
Fleet Management
Procurement
Asset Management
Compliance
Facilities
Fleet Manager
Administrative Officer
Company Secretary
Legal Counsel
Finance Director
Chief Financial Officer
Operations Manager
Procurement Manager
Asset Manager
Compliance Officer
Transport Manager
Facilities Manager
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