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1. Parties: Identification and details of the Seller and Buyer, including registration numbers and addresses
2. Background: Context of the agreement and relationship between parties
3. Definitions: Definitions of key terms used throughout the agreement
4. Sale and Purchase: Core terms of the sale including description of goods and basic payment obligations
5. Credit Terms: Details of credit arrangement including payment schedule, interest rates, and credit period
6. Payment Terms: Specific payment obligations, methods of payment, and consequences of late payment
7. Delivery and Acceptance: Terms regarding delivery, inspection, and acceptance of goods
8. Title and Risk: Transfer of ownership and risk in the goods
9. Warranties and Representations: Warranties regarding the goods and parties' capacity
10. Default and Remedies: Events of default and available remedies
11. Termination: Circumstances and process for terminating the agreement
12. Notices: Communication requirements and contact details
13. Governing Law and Jurisdiction: Nigerian law as governing law and jurisdiction for disputes
14. General Provisions: Standard boilerplate clauses including assignment, amendments, and severability
1. Security Arrangements: Include when additional security for the credit is required, such as personal guarantees or charges over assets
2. Insurance: Include when specific insurance requirements are needed for the goods during the credit period
3. Acceleration Clause: Include for high-value transactions to allow immediate payment demand upon specific trigger events
4. Personal Guarantee: Include when dealing with companies where personal guarantee from directors is required
5. Force Majeure: Include when specific force majeure provisions are needed beyond standard provisions
6. Maintenance and Support: Include for technical or complex goods requiring ongoing maintenance
7. Resale Restrictions: Include when restrictions on resale of goods during credit period are needed
1. Schedule 1 - Description of Goods: Detailed specification of goods including quantity, quality, and technical specifications
2. Schedule 2 - Payment Schedule: Detailed payment terms including installment amounts and due dates
3. Schedule 3 - Delivery Schedule: Specific delivery dates and locations if multiple deliveries are involved
4. Schedule 4 - Interest Calculation: Method of calculating interest and examples of calculations
5. Schedule 5 - Security Details: Details of any security arrangements or guarantees
6. Appendix A - Acceptance Certificate: Form of acceptance certificate to be signed upon delivery
7. Appendix B - Personal Guarantee Form: Standard form for personal guarantee if required
Goods
Purchase Price
Credit Amount
Interest Rate
Payment Schedule
Due Date
Default Rate
Security
Charge
Guarantor
Business Day
Acceptance Certificate
Delivery Date
Commencement Date
Credit Period
Event of Default
Force Majeure Event
Installment
Late Payment Fee
Material Adverse Change
Outstanding Balance
Payment Date
Permitted Security Interest
Place of Delivery
Purchase Order
Related Documents
Security Documents
Secured Obligations
Specifications
Term
Title Documents
Working Hours
Warranty Period
Default Notice
Acceptance Tests
Completion Date
Confidential Information
Intellectual Property Rights
Nigerian Law
Representatives
Credit Terms
Payment Terms
Interest
Security
Title Transfer
Risk Transfer
Delivery
Acceptance
Warranties
Representations
Default
Remedies
Acceleration
Force Majeure
Insurance
Maintenance
Assignment
Termination
Enforcement
Dispute Resolution
Governing Law
Jurisdiction
Notices
Confidentiality
Personal Guarantee
Set-off
Indemnification
Amendment
Severability
Entire Agreement
Further Assurance
Costs and Expenses
Third Party Rights
Counterparts
Survival
Waiver
Time of Essence
Good Faith
Retail
Manufacturing
Automotive
Electronics
Industrial Equipment
Construction
Agricultural Equipment
Consumer Goods
Medical Equipment
Office Equipment
Telecommunications
Heavy Machinery
Home Appliances
Furniture and Fittings
Legal
Finance
Sales
Credit Control
Risk Management
Operations
Commercial
Compliance
Collections
Business Development
Sales Director
Commercial Director
Credit Manager
Finance Director
Chief Financial Officer
Legal Counsel
Contracts Manager
Risk Manager
Business Development Manager
Operations Manager
Account Manager
Credit Control Officer
Collections Manager
Commercial Manager
Compliance Officer
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