The Cancellation Of Contract To Sell is a crucial legal document used in Nigerian business and commercial transactions when parties mutually agree to terminate a sales agreement. This document becomes necessary when circumstances require the termination of a sales contract before its completion, whether due to mutual agreement, impossibility of performance, or other valid reasons. It provides legal protection for all parties by clearly documenting the termination terms, including any financial settlements, return of property, and release of obligations. The document must comply with Nigerian contract law requirements and can be used across various sectors, from real estate to general commerce. It's particularly important in high-value transactions where formal documentation of the cancellation is essential for legal certainty and future reference.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
Upload your Doc
1. Contract Reference Details: Identification of the original contract including date, parties involved, and subject matter of the sale
2. Parties' Information: Full names, addresses, and contact details of all parties to the original contract
3. Statement of Cancellation: Clear and unambiguous declaration that the contract is being cancelled
4. Effective Date: Specific date when the cancellation becomes effective
5. Reason for Cancellation: Brief explanation of why the contract is being cancelled
6. Mutual Agreement: Statement confirming that all parties agree to the cancellation
7. Settlement Terms: Basic terms of any financial or property settlement related to the cancellation
8. Signatures: Space for all parties to sign and date the cancellation document
1. Refund Terms: Details of any refunds to be made, including amounts and timeline - include when payments were made under original contract
2. Release of Obligations: Specific release of parties from their obligations - include when additional clarity on terminated obligations is needed
3. Surviving Obligations: Any obligations that continue after cancellation - include when certain terms should survive the cancellation
4. Dispute Resolution: Procedure for resolving any disputes arising from the cancellation - include when there's significant value or complexity involved
5. Confidentiality: Provisions regarding confidentiality of the cancellation terms - include when sensitive information is involved
6. Return of Property: Procedures for returning any property or documents - include when physical items need to be returned
1. Original Contract: Copy of the original contract being cancelled
2. Payment Schedule: Details of any payments made and refunds due
3. Property Inventory: List of any property or items to be returned or retained by either party
4. Settlement Calculation: Detailed breakdown of any financial settlements between the parties
Relevant legal definitions
Agreement
Original Contract
Cancellation Date
Effective Date
Seller
Buyer
Parties
Property
Goods
Purchase Price
Refund Amount
Settlement Sum
Business Day
Force Majeure Event
Confidential Information
Outstanding Obligations
Release
Termination
Surviving Provisions
Authorized Representative
Governing Law
Settlement Period
Return Date
Contract Reference Number
Original Contract
Cancellation Date
Effective Date
Seller
Buyer
Parties
Property
Goods
Purchase Price
Refund Amount
Settlement Sum
Business Day
Force Majeure Event
Confidential Information
Outstanding Obligations
Release
Termination
Surviving Provisions
Authorized Representative
Governing Law
Settlement Period
Return Date
Contract Reference Number
Clauses
Identification of Original Contract
Party Details
Cancellation Declaration
Effective Date
Mutual Agreement
Consideration
Settlement Terms
Payment and Refunds
Release of Obligations
Return of Property
Confidentiality
Representations and Warranties
Dispute Resolution
Governing Law
Entire Agreement
Further Assurance
Costs and Expenses
Notices
Severability
Counterparts
Force Majeure
Surviving Obligations
Party Details
Cancellation Declaration
Effective Date
Mutual Agreement
Consideration
Settlement Terms
Payment and Refunds
Release of Obligations
Return of Property
Confidentiality
Representations and Warranties
Dispute Resolution
Governing Law
Entire Agreement
Further Assurance
Costs and Expenses
Notices
Severability
Counterparts
Force Majeure
Surviving Obligations
Relevant Industries
Real Estate
Retail
Manufacturing
Technology
Agriculture
Construction
Automotive
General Commerce
Professional Services
Energy
Mining
Telecommunications
Relevant Teams
Legal
Sales
Procurement
Operations
Risk & Compliance
Commercial
Business Development
Corporate Secretariat
Contract Administration
Property Management
Relevant Roles
Legal Counsel
Contract Manager
Sales Director
Business Development Manager
Procurement Manager
Company Secretary
Commercial Director
Operations Manager
Property Manager
Risk Manager
Compliance Officer
Chief Legal Officer
Chief Executive Officer
Managing Director
Find the exact document you need
End Of Rental Agreement
A Nigerian law-compliant agreement that formally terminates a rental relationship between landlord and tenant, settling all associated obligations and accounts.
find out more
Letter For Termination Of Tenancy Agreement
A formal notice under Nigerian law to terminate a tenancy agreement, including essential details about the property, parties, and termination terms.
find out more
After Termination Of Employment Contract
A Nigerian law-governed agreement defining post-employment obligations and restrictions between an employer and former employee.
find out more
Landlord Break Tenancy Agreement
Nigerian tenancy agreement template with landlord break clause provisions, compliant with national and state property laws.
find out more
Real Estate Contract Termination
A Nigerian law-governed agreement that formally terminates a real estate contract, outlining termination terms and settlement arrangements between parties.
find out more
Landlord Breaks Lease Agreement
A Nigerian law-compliant document that formalizes a landlord's early termination of a lease agreement, outlining the termination process and parties' rights and obligations.
find out more
Termination Of Building Contract Letter
A formal letter for terminating building contracts in Nigeria, compliant with Nigerian construction and contract law, outlining termination terms and next steps.
find out more
Termination Of Apprenticeship Contract
A Nigerian law-compliant document that formally terminates an apprenticeship relationship, outlining termination terms and mutual obligations.
find out more
Terminate Contract With Immediate Effect
A formal notice for immediate contract termination under Nigerian law, ensuring compliance with local labor regulations and legal requirements.
find out more
Rent Cancellation Agreement
A mutual agreement governed by Nigerian law to terminate an existing lease or rental agreement between landlord and tenant, outlining termination terms and final settlements.
find out more
Surrender Of Lease Deed
A Nigerian law-compliant document that formally terminates a lease agreement before its natural expiry through mutual agreement between landlord and tenant.
find out more
Surrender Of Tenancy Agreement
A Nigerian law-compliant agreement for the mutual termination of a lease between landlord and tenant, setting out surrender terms and conditions.
find out more
Termination Of Tenancy Agreement
A Nigerian law-compliant agreement that formally terminates a tenancy relationship between landlord and tenant, outlining termination terms and property handover requirements.
find out more
Termination Agreement
A Nigerian law-governed agreement that formally documents the terms and conditions for ending an employment relationship.
find out more
End Of Lease Agreement
A Nigerian law-compliant agreement that formally terminates a lease arrangement between landlord and tenant, establishing terms for ending the tenancy relationship.
find out more
Termination Of Lease Letter
A legal notice under Nigerian law formally communicating the intention to terminate a lease agreement, specifying termination terms and conditions.
find out more
Not Renewing Lease Letter
A formal letter used in Nigeria to notify the other party (landlord or tenant) of the intention not to renew a lease agreement upon its expiration, complying with Nigerian tenancy laws.
find out more
House Contract Termination Letter
A formal legal document used in Nigeria to terminate a residential lease agreement, ensuring compliance with local property laws and regulations.
find out more
End Of Tenancy Agreement Letter
A formal letter used in Nigeria to notify the termination of a tenancy agreement, complying with Nigerian tenancy laws and state-specific regulations.
find out more
Termination Of Agency Agreement
A Nigerian law-governed agreement that formally terminates an agency relationship between principal and agent, establishing termination terms and post-termination obligations.
find out more
Shareholder Exit Agreement
A comprehensive agreement governing shareholder exit processes and terms under Nigerian law, including share transfer procedures and associated obligations.
find out more
Partner Exit Agreement
A Nigerian law-governed agreement that formalizes a partner's exit from a business partnership, including financial settlements and ongoing obligations.
find out more
Lease Termination Form
A standardized form for terminating lease agreements in Nigeria, compliant with Nigerian property law and state-specific tenancy regulations.
find out more
Lease Break Letter
A formal notice under Nigerian law for early termination of a lease agreement by a tenant, complying with federal and state property regulations.
find out more
End Of Fixed Term Contract
A formal notification document for concluding fixed-term employment contracts under Nigerian law, addressing termination requirements and final settlements.
find out more
Director Exit Agreement
A Nigerian law-governed agreement setting out terms and conditions for a director's departure from a company.
find out more
Contract Termination Letter
A formal notice compliant with Nigerian law that officially terminates an employment contract or business relationship, outlining termination terms and final arrangements.
find out more
Cancellation Agreement
A Nigerian law-governed agreement documenting parties' mutual consent to terminate an existing contract, including settlement terms and releases.
find out more
Rental Contract Cancellation
A Nigerian law-compliant agreement that formally terminates a rental contract between landlord and tenant, establishing terms for lease end and mutual release.
find out more
Ending Apartment Lease Letter
A formal notice under Nigerian law for terminating an apartment lease agreement, outlining the termination details and final arrangements.
find out more
Termination Of Sales Representative Agreement
A Nigerian law-governed agreement that formally terminates a sales representative relationship, addressing final obligations and post-termination arrangements.
find out more
Termination Of Investment Agreement
A Nigerian law-governed agreement for terminating investment relationships, ensuring regulatory compliance and structured investment exit.
find out more
Termination Of Agency Agreement And Release
A Nigerian law-governed agreement that terminates an agency relationship and provides mutual release of claims between principal and agent.
find out more
Termination Of Rental Agreement By Landlord
A Nigerian legal notice issued by a landlord to terminate a rental agreement, complying with federal and state property laws.
find out more
Termination Of Construction Contract By Owner And Contractor
A mutual agreement for terminating a construction contract between owner and contractor under Nigerian law, including settlement terms and site handover provisions.
find out more
Termination Of Tenancy Agreement By Tenant
A formal notice document used in Nigeria by tenants to legally terminate their tenancy agreement, complying with Nigerian property law requirements.
find out more
Termination Of Sale Agreement
A legally binding document under Nigerian law that formally terminates an existing sale agreement between parties, establishing terms for unwinding the transaction and mutual releases.
find out more
Reminder Letter For End Of Contract
A formal Nigerian business letter notifying parties of an approaching contract end date and outlining necessary closing actions.
find out more
Partnership Termination Letter
A formal letter under Nigerian law that officially terminates a business partnership, including termination terms and dissolution arrangements.
find out more
Termination Of Real Estate Contract By Buyer
A Nigerian law-governed document for buyers to formally terminate a real estate purchase contract, including settlement terms and mutual releases.
find out more
Genie’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; Genie’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)
.png)