This is just a sample using a tricycle as example in Nigerian currency. If at you want to write your, just replace any of the words with yours to suite you.
BETWEEN
NAME HERE…………………………………………….OWNER
of Ndiova
Echialike, Ikwo L. G. A.
Ebonyi State.
AND
NAME HERE…………………...……………………….HIRER
of Azuiyiokwu
Inyimagu,
Abakaliki, L.
G. A.
Ebonyi State.
IN RE:
CARTER
MOTORCYCLE WITH REGISTRATION NUMBER KGE822 VALUED AT TWO HUNDRED AND TEN THOUSAND NAIRA (N210,000.00)
DOCUMENTED BY:
CHIKE EZE DANIEL
ESQ., OF CAR HIRE & CO., IHDULE
CHAMBERS, 8 AFIKPO ROAD, ABAKALIKI,
HIRE PURCHASE AGREEMENT made this …………………………. day
of …………………2014
BETWEEN
NAME HERE of Ndiova Echialike, Ikwo L.
G. A. Ebonyi State.
Nigeria
(herein referred to as the “OWNER”)
of the one part.
AND
NAME HERE of Azuiyiokwu Inyimagu, Abakaliki, L. G. A.
Ebonyi State.
State of Nigeria (herein referred to as the
“HIRER”) of the other part.
WHEREAS:
1. The subject matter of this Hire purchase agreement is TRICYCLE with Registration No. Ebonyi AKL 336 QD
valued at 750,000.00 (Seven Hundred and Fifty Thousand naira).
2. The OWNER is in
true and lawful possession of the said TRICYCLE
with Registration No. Ebonyi AKL 336 QD free from any and or all encumbrance
or adverse claim from a third party.
3. The vehicle hereinafter called the PROPERTY being the property of the OWNER has the following particulars:
(i) Registration
No:-------------------------------------
(ii) Engine
No:-------------------------------------------
|
|
(v) Vehicle model/colour:------------------------------
4. The HIRER has approached
the OWNER for the purpose of
purchase of the above named TRICYCLE
under Hire-purchase agreement.
5. The OWNER has
consented to so sale under the terms and conditions contained here-in-under.
NOW THIS AGREEMENT WITNESS AS FOLLOWS:
1. That the hire purchase sum for the aforesaid tricycle is N750,000.000 (Seven Hundred
and fifty thousand Naira)
2. That the install-mental payment is weekly and at the rate of
N10,000.00 (Ten thousand
Naira) every Sunday.
3. That ownership in the Tricycle shall remain with the Owner and can only be transferred to
the Hirer on discharge of the hire
purchase sum.
4. That the Owner
shall recover the said tricycle from the Hirer
in default of non payment for a particular week except on grounds of repair by
the Hirer.
5. That Owner must
be informed within a reasonable time of such repair and site of repair.
6. That where the Owner
recovers as in paragraph four above, the hirer forfeits all he has paid prior
to the recovery.
7. That where the Hirer sales, cause to be sold and or
through negligent act cause the Owner
to loose his ownership of the tricycle, he or
his surety shall be held liable for payment
8. That all the clauses contained in this agreement shall be
binding on the parties and represents the true intent of the parties.
IN WITNESS
WHEREOF,
the parties have set their hands and sign the day and year first above written.
SIGNED, SEALED
AND DELIVERED
BY THE WITHIN
NAMED OWNER
………………………………
NAME HERE
In the Presence of:
1. Name:………………………………………..
Address:……………………………………..
Occupation:…………………………………
Signature:…………………………………….
SIGNED, SEALED
AND DELIVERED
BY THE WITHIN
NAMED HIRER
………………………………
NAME HERE
In the Presence of:
1. Name:………………………………………..
Address:……………………………………..
Occupation:…………………………………
Signature:…………………………………….
Prepared
by:
…………………………………..
NAME OF SOLICITOR HERE Esq.
HIRE & CO
NAME OF CHAMBERS HERE