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The Dealer Bill of Sale is an essential document in Nigerian vehicle transactions that formalizes the transfer of ownership from a licensed dealer to a buyer. This document is required whenever a new or used vehicle is sold by a registered dealer in Nigeria, ensuring compliance with federal and state regulations governing vehicle sales. The Bill of Sale includes critical information such as the vehicle's specifications, price, condition, warranty terms, and the identities of both parties. It serves multiple purposes: as proof of ownership transfer, a receipt for the transaction, and a legal record for registration and taxation purposes. The document must comply with various Nigerian laws, including the Sale of Goods Act, Federal Competition and Consumer Protection Act, and state-specific motor vehicle administration regulations.

1. Parties: Identification of the selling dealer and buyer, including full legal names, business registration details for the dealer, and complete contact information

2. Vehicle Description: Detailed description of the vehicle including make, model, year, VIN/chassis number, color, mileage, and any distinctive features

3. Sale Price and Payment Terms: Clear statement of the agreed purchase price, payment method, and confirmation of payment received

4. Seller's Declarations: Dealer's declarations regarding vehicle ownership, authority to sell, and absence of encumbrances

5. Vehicle Condition: Statement of the vehicle's condition and any known defects or issues

6. Transfer of Ownership: Clear statement transferring all rights and title of the vehicle from dealer to buyer

7. Warranties and Representations: Any warranties provided or explicit statements about the sale being 'as-is'

8. Governing Law: Statement that the sale is governed by Nigerian law

9. Signatures: Space for signatures of both parties, dates, and witness signatures