CAR PURCHASE AGREEMENT

THIS CAR PURCHASE AGREEEMENT has been made on the _____ day of _______2019

Between

……………………………………… of ………………………………………., Lagos

(hereinafter referred to as “the Seller”) and Mr …………………………..of No.
…………………………………………………….Ikorodu Lagos (hereinafter referred to as “the
Buyer”).

Consideration

In pursuance of the said agreement and in consideration of the sum of =N= 1, 700,000.00 (One
Million, Seven Hundred Thousand Naira Only) paid by the Buyer to the Seller before the
execution of this document (the receipt whereof the Seller hereby acknowledges), the Seller
hereby transfers and conveys his absolute title, rights and interests on the Toyota Camry
(Hereinafter referred to as “the Car”).

Vehicle Description:
Vehicle Make: ………………………
Reg No: …………………………………
Engine No: ………………………………
Chassis No: ……………………………..
Color: Gold

Terms and Conditions

Seller desires to sell the vehicle described above, Buyer accepts the abovementioned vehicle and
agrees to price and delivery of the “the Car”, under the terms and conditions set forth below;

Buyer shall take possession of same, as agreed between both parties on or before ….. Day of
…….. 2019. If delivery is to be made at a date after the execution of this contract, acquired
vehicle will be delivered in the same condition as inspection condition.

Seller is responsible for the execution all documents presented by Buyer which are necessary to
transfer title and registration to buyer.

Warranty
The Car is sold in its present condition and the Buyer hereby acknowledges that he has inspected the
same and that this agreement is entered into solely as a result of such inspection and on the basis of the
terms hereof and not in reliance on any representation or warranty express or implied made by or on
behalf of the Vendor

Indemnification
Indemnification of Attorneys Fees and out-of-pocket costs. Should any party materially breach this
agreement (including representations and warranties made to the other side), the non-breaching party
shall be indemnified by the breaching party for its reasonable attorneys fees and out-of-pocket costs
which in any way relate to, or were precipitated by, the breach of this contract (including the breach of
representations or warranties). This provision shall not limit in any way the remedies either party may
have otherwise possessed in law or equity relative to a breach of this contract. The term “out- of-pocket
costs”, as used in this contract, shall not include lost profits.

Entire Agreement
This Agreement, including the attachments mentioned in the body as incorporated by reference, sets
forth the entire agreement between the Parties with regard to the subject matter hereof. All prior
agreements, representations and warranties, express or implied, oral or written, with respect to the
subject matter hereof, are hereby superseded by this agreement.

Severability
In the event any provision of this Agreement is deemed to be void, invalid, or unenforceable, that
provision shall be severed from the remainder of this Agreement so as not to cause the invalidity or
unenforceability of the remainder of this Agreement. All remaining provisions of this Agreement shall
then continue in full force and effect. If any provision shall be deemed invalid due to its scope or
breadth, such provision shall be deemed valid to the extent of the scope and breadth permitted by law.

Modification
Except as otherwise provided in this document, this agreement may be modified, superseded, or voided
only upon the written and signed agreement of the Parties. Further, the physical destruction or loss of
this document shall not be construed as a modification or termination of the agreement contained
herein.

Acknowledgments
Each party acknowledges that he or she has had an adequate opportunity to read and study this
Agreement, to consider it, to consult with attorneys if he or she has so desired.

Governing Law And Dispute Resolution

a) This Agreement shall be subject to and construed in accordance with the Laws of Nigeria.
b) In the event of any dispute, claim or controversy arising from or relating to this Agreement, the
obligations created herein and/or the breach thereof, the parties shall endeavor to settle the dispute,
claim or controversy by negotiating with each other in good faith. If no resolution is reached within 30
(Thirty) days of commencement of negotiations, then upon notice by either party to the other, the
dispute, claim or controversy shall be finally settled by mediation to be facilitated by The Lagos
Mediation Centre in accordance with the provisions of its Mediation Rules.
IN WITNESS whereof the parties hereto have caused this Sale Agreement to be executed this
day and year first above written.

SIGNED SEALED AND DELIVERED

By the within named “SELLER” ______________________________

IN THE PRESENCE OF:

NAME:

ADDRESS:

OCCUPATION:

SIGNATURE:

SIGNED SEALED AND DELIVERED

By the within named “BUYER”
____________________________

NAME:

ADDRESS:

OCCUPATION:

SIGNATURE: