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1. Parties: Identifies the employer (company) and employee entering into the agreement
2. Background: Explains the context of the agreement - company's laptop purchase program for employees
3. Definitions: Defines key terms used throughout the agreement including 'Equipment', 'Purchase Price', 'Payment Period'
4. Equipment Details: Specifies the laptop model, specifications, and included accessories
5. Purchase Terms: Details the purchase price, payment schedule, and method of payment (e.g., salary deduction)
6. Transfer of Ownership: Conditions for transfer of ownership from company to employee upon completion of payments
7. Employee Obligations: Employee's responsibilities for laptop care, permitted use, and compliance with company IT policies
8. Company Policies: Reference to relevant company IT, security, and data protection policies
9. Warranty and Support: Details about manufacturer warranty and technical support arrangements
10. Termination Provisions: Procedures in case of employment termination before completion of payments
11. Governing Law: Specifies Nigerian law as governing law and jurisdiction
1. Insurance: Optional section for cases where the company requires employee to maintain insurance on the laptop
2. International Use: Include for employees who may need to use the laptop outside Nigeria
3. Additional Software License: Required if specific software licenses are being transferred with the laptop
4. Trade-in Options: Include if the company offers upgrade or trade-in programs
5. Early Payment Provisions: Optional section detailing terms for early payment completion
1. Schedule 1 - Equipment Specifications: Detailed technical specifications of the laptop and included accessories
2. Schedule 2 - Payment Schedule: Detailed breakdown of payment installments and dates
3. Schedule 3 - Company IT Policies: Relevant excerpts from company IT and security policies
4. Appendix A - Laptop Condition Report: Initial condition report of the laptop at time of agreement
5. Appendix B - Warranty Documentation: Manufacturer's warranty terms and conditions
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