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The Vehicle Release Form is a critical document used in Nigeria when transferring possession or ownership of a vehicle between parties. It serves multiple purposes, including documenting the transfer of legal responsibility, protecting the transferor from future liability, and ensuring compliance with Nigerian federal and state transportation regulations. This document is essential in various scenarios, such as private vehicle sales, corporate fleet transfers, lease returns, or insurance settlements. The form must include specific information required by Nigerian law, including detailed vehicle identification, party information, transfer terms, and liability releases. It's particularly important in the Nigerian context where proper documentation is crucial for vehicle registration transfers and road safety compliance. The document can be used by both individual vehicle owners and organizations managing vehicle fleets, providing a clear record of the transfer transaction and associated terms.

1. Parties: Identification of the vehicle owner/transferor and the recipient/transferee, including full legal names, addresses, and contact information

2. Background: Brief context explaining the purpose of the vehicle release and transfer

3. Definitions: Key terms used in the document including 'Vehicle', 'Transfer Date', 'Release', etc.

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

5. Terms of Release: Specific conditions under which the vehicle is being released and transferred

6. Release of Liability: Statement releasing the transferor from future liability related to the vehicle

7. Warranties and Representations: Statements regarding the vehicle's condition and ownership status

8. Governing Law: Specification that Nigerian law governs the agreement

9. Execution: Signature blocks for all parties and witnesses