The Bill of Sale for Side by Side is a crucial legal document used in Nigeria when transferring ownership of utility terrain vehicles (UTVs) or side-by-side vehicles. This document type is essential for both private and commercial transactions, providing legal protection for both parties and ensuring compliance with Nigerian vehicle transfer regulations. It includes detailed vehicle specifications, sale terms, warranties, and transfer conditions, while addressing requirements under the Nigerian Sale of Goods Act and Federal Road Safety Commission regulations. The document is particularly important as it serves as evidence of ownership transfer and can be required for vehicle registration, insurance purposes, and potential future resale. It should be properly executed and may need to be stamped in accordance with the Nigerian Stamp Duties Act to be admissible in court.
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1. Parties: Identification and details of the seller and buyer, including full legal names, addresses, and contact information
2. Background: Brief context of the sale and confirmation of ownership rights
3. Definitions: Key terms used in the document defined for clarity
4. Vehicle Description: Detailed description of the Side by Side including make, model, year, VIN/serial number, color, and current mileage
5. Purchase Price: Statement of the agreed purchase price and payment terms
6. Seller's Representations: Seller's warranties regarding vehicle ownership, condition, and absence of liens
7. Condition of Sale: 'As-is' statement or description of known defects and condition
8. Transfer of Title: Clear statement transferring ownership from seller to buyer
9. Risk and Delivery: Terms regarding transfer of risk and delivery arrangements
10. Governing Law: Specification that Nigerian law governs the agreement
11. Execution: Signature blocks and date of sale
1. Financing Terms: Include when the purchase involves financing arrangements
2. Joint Ownership: Required when the vehicle will have multiple owners
3. Trade-in Details: Include when part of the purchase involves a vehicle trade-in
4. Warranty Terms: Include if seller is providing any warranties beyond statutory requirements
5. Insurance Requirements: Include when specific insurance arrangements are part of the sale conditions
6. Dispute Resolution: Optional detailed dispute resolution process beyond standard legal remedies
1. Schedule A - Vehicle Specifications: Detailed technical specifications of the Side by Side
2. Schedule B - Inspection Report: Recent vehicle inspection details and findings
3. Schedule C - Service History: Documentation of maintenance and repair history
4. Schedule D - Registration Documents: Copies of current registration and transfer documents
5. Appendix 1 - Photographs: Dated photographs of the vehicle showing condition at time of sale
6. Appendix 2 - Additional Equipment: List of any additional equipment or accessories included in the sale
Authors
Relevant legal definitions
Clauses
Relevant Industries
Agriculture
Construction
Mining
Forestry
Recreation and Tourism
Sports and Entertainment
Estate Management
Oil and Gas
Security Services
Property Development
Facilities Management
Relevant Teams
Legal
Procurement
Operations
Fleet Management
Asset Management
Compliance
Contract Administration
Property Management
Sales
Finance
Relevant Roles
Fleet Manager
Procurement Officer
Legal Counsel
Operations Manager
Farm Manager
Construction Site Supervisor
Security Operations Manager
Estate Manager
Facilities Manager
Sales Manager
Contract Administrator
Compliance Officer
Property Manager
Asset Manager
Vehicle Fleet Administrator
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