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Deed Of Sale For Car
"I need a Deed of Sale for Car for a private sale of my imported 2022 Toyota Camry to an individual buyer in Lagos, with payment to be made in three installments between January and March 2025."
1. Parties: Identifies and provides full details of the Seller and Buyer, including names, addresses, and contact information
2. Background: Brief context about the transaction and confirmation that the Seller owns the vehicle
3. Definitions: Defines key terms used throughout the deed including 'Vehicle', 'Purchase Price', 'Completion Date'
4. Sale and Purchase: Core terms of the sale including the agreement to sell and purchase the vehicle
5. Purchase Price: States the agreed purchase price and payment terms
6. Completion: Details of when and where the vehicle handover will take place
7. Seller's Representations and Warranties: Seller's declarations about vehicle ownership, condition, and legal status
8. Vehicle Documentation: Lists required documentation to be transferred including registration, insurance, and maintenance records
9. Risk and Insurance: Specifies when risk transfers to the Buyer and insurance requirements
10. Governing Law: Confirms the deed is governed by Nigerian law
11. Execution: Formal execution block for signatures, witnesses, and attestation as required for a deed
1. Vehicle Financing: Include when there's a financing arrangement or payment in installments
2. Third Party Rights: Include when there are existing liens or encumbrances to be discharged
3. Import Documentation: Include for imported vehicles requiring additional documentation
4. Dealer Warranty: Include when the sale is through a dealer offering additional warranties
5. Return Policy: Include when offering a return or exchange period
6. Dispute Resolution: Include when parties want specific dispute resolution procedures
1. Schedule 1 - Vehicle Details: Comprehensive details of the vehicle including make, model, year, VIN, registration number, color, and mileage
2. Schedule 2 - Vehicle Condition Report: Detailed report of the vehicle's condition including any existing damage or defects
3. Schedule 3 - Included Accessories: List of all accessories and extra items included in the sale
4. Schedule 4 - Payment Schedule: If applicable, detailed breakdown of payment installments and dates
5. Appendix A - Vehicle History: Service history, previous owners, and accident history if available
6. Appendix B - Required Forms: Copies of necessary government forms for vehicle transfer in Nigeria
Authors
Automotive
Transportation
Legal Services
Insurance
Financial Services
Fleet Management
Retail
Corporate Services
Public Sector
Vehicle Leasing
Legal
Compliance
Sales
Operations
Fleet Management
Administration
Procurement
Risk Management
Finance
Asset Management
Fleet Manager
Sales Manager
Legal Counsel
Compliance Officer
Administrative Officer
Procurement Manager
Vehicle Registration Officer
Risk Manager
Operations Manager
Contract Administrator
Finance Manager
Business Development Manager
Dealership Manager
Corporate Secretary
Asset Manager
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