The Car Dealer Sales Contract Form is a fundamental legal document used in Nigeria for formalizing vehicle sales transactions between authorized dealers and purchasers. This document becomes necessary whenever a dealership engages in the sale of new or used vehicles to either individual or corporate buyers. It incorporates key requirements under Nigerian law, including compliance with the Sale of Goods Act, Consumer Protection Council Act, and Federal Road Safety Commission regulations. The contract form includes comprehensive details about the vehicle, payment terms, warranties, and after-sale services, while ensuring proper documentation for vehicle registration and ownership transfer. It serves as both a legal protection mechanism and a standardized process document for dealerships operating in Nigeria's automotive sector.
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1. Parties: Identification of the dealer and purchaser with full legal names, addresses, and registration details for the dealership
2. Background: Brief context of the transaction and the dealer's authority to sell the vehicle
3. Definitions: Key terms used throughout the agreement defined for clarity
4. Vehicle Details: Comprehensive description of the vehicle including make, model, year, VIN, color, mileage, and existing condition
5. Purchase Price and Payment Terms: Total purchase price, payment schedule, deposit requirements, and payment methods
6. Transfer of Ownership: Terms and process for transferring vehicle ownership and registration
7. Warranties and Representations: Standard warranties provided by the dealer and any manufacturer warranties
8. Delivery Terms: Details of vehicle delivery or collection, including timing and location
9. Documentation: List of required documents for the sale and registration transfer
10. Risk and Insurance: Point at which risk transfers to the buyer and insurance requirements
11. Governing Law: Specification that Nigerian law governs the agreement
12. Execution: Signature blocks and execution requirements
1. Trade-in Vehicle: Details of any vehicle being traded in as part of the purchase, used when there is a trade-in component
2. Financing Terms: When the purchase involves dealer financing or hire purchase arrangements
3. Extended Warranty: Terms of any additional warranty packages purchased by the buyer
4. After-Sales Service: Details of any service packages or maintenance agreements included in the sale
5. Modifications: Details of any modifications to be made to the vehicle before delivery
6. Import Documentation: For imported vehicles, including relevant import documentation and compliance certificates
1. Schedule 1 - Vehicle Specification: Detailed technical specifications of the vehicle
2. Schedule 2 - Vehicle Condition Report: Comprehensive report on the vehicle's condition at time of sale
3. Schedule 3 - Warranty Terms: Full terms and conditions of warranties provided
4. Schedule 4 - Payment Schedule: Detailed breakdown of payment terms if involving installments
5. Appendix A - Vehicle Documents: Copies of vehicle registration, roadworthiness certificate, and insurance documents
6. Appendix B - Dealer Certification: Copies of dealer's business registration and automotive sales certification
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