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The Private Sale Vehicle Purchase Agreement is a vital legal document used in Nigeria when transferring ownership of a vehicle between private individuals. It serves as an essential tool for documenting the terms and conditions of the sale, protecting both parties' interests, and ensuring compliance with Nigerian vehicle transfer regulations. This agreement should be used whenever a private individual sells their vehicle to another private individual, as it provides clear documentation of the vehicle's condition, sale price, and warranty terms while facilitating proper transfer of ownership. The document includes comprehensive vehicle details, payment terms, seller's warranties, and specific provisions required under Nigerian law for vehicle transfers. It helps prevent future disputes and ensures all necessary legal requirements for private vehicle sales in Nigeria are met.

1. Parties: Identifies and provides full details of the seller and buyer, including names, addresses, and contact information

2. Background: Brief context of the sale and confirmation that the seller owns the vehicle and has the right to sell it

3. Definitions: Defines key terms used throughout the agreement

4. Vehicle Details: Comprehensive description of the vehicle including make, model, year, VIN, registration number, color, and current mileage

5. Purchase Price and Payment: Specifies the agreed purchase price, payment method, and payment schedule if applicable

6. Seller's Representations and Warranties: Seller's declarations regarding vehicle condition, ownership, and absence of encumbrances

7. Transfer of Ownership: Terms governing the transfer of vehicle title and registration

8. Delivery and Collection: Details of when, where, and how the vehicle will be delivered or collected

9. Vehicle Condition: Description of the vehicle's current condition, including any known defects or issues

10. Risk and Insurance: Specifies when risk transfers to the buyer and insurance requirements

11. Governing Law: Confirms Nigerian law governs the agreement

12. Signatures: Space for parties to sign and date the agreement