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1. Parties: Identification of the seller and buyer with full legal names and addresses
2. Background: Context of the sale and confirmation that the seller owns the vehicle
3. Definitions: Key terms used throughout the agreement
4. Vehicle Details: Comprehensive description of the vehicle including make, model, year, VIN, color, mileage
5. Purchase Price: Full details of the purchase price, payment terms, and method of payment
6. Seller's Representations: Seller's warranties about the vehicle's condition, ownership, and legal status
7. Buyer's Acknowledgments: Buyer's confirmation of vehicle inspection and acceptance of condition
8. Transfer of Title: Terms regarding the transfer of ownership and registration
9. Delivery: Details of vehicle handover including timing and location
10. Risk and Insurance: Point at which risk transfers and insurance requirements
11. Governing Law: Confirmation that Nigerian law governs the agreement
12. Execution: Signature blocks and execution requirements
1. Financing Terms: Include when the purchase involves financing or installment payments
2. Import Documentation: Required for imported vehicles to confirm legal importation and duties paid
3. Trade-in Details: Include when the transaction involves a trade-in vehicle
4. Warranty Terms: Include for vehicles still under manufacturer warranty or if seller provides additional warranties
5. Condition Report: Detailed report of vehicle condition, recommended for used vehicles
6. Arbitration: Optional dispute resolution mechanism if parties wish to avoid court proceedings
1. Schedule 1 - Vehicle Specification: Detailed technical specifications and features of the vehicle
2. Schedule 2 - Vehicle Inspection Report: Professional inspection report detailing vehicle condition
3. Schedule 3 - Payment Schedule: If payment is in installments, detailed payment timeline
4. Schedule 4 - Vehicle Documents: List of all documentation provided (registration, maintenance history, etc.)
5. Appendix A - Vehicle Photographs: Dated photographs showing vehicle condition at time of sale
6. Appendix B - Required Forms: Nigerian vehicle transfer forms and customs documentation if applicable
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