International Purchase Agreement for Nigeria

International Purchase Agreement Template for Nigeria

A comprehensive legal document governed by Nigerian law that establishes the terms and conditions for the international purchase of goods between a buyer and seller across international borders. The agreement incorporates Nigerian commercial law requirements while adhering to international trade practices and conventions. It addresses crucial elements including payment terms, delivery conditions, quality standards, risk allocation, and dispute resolution mechanisms, while ensuring compliance with Nigerian foreign exchange regulations and import/export requirements.

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.

Download a Standard Template

4.6 / 5
4.8 / 5
Access for free
OR

Alternatively: Run an advanced review of an existing
International Purchase Agreement

Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
Upload your Doc

What is a International Purchase Agreement?

The International Purchase Agreement is a crucial document used when Nigerian entities engage in cross-border procurement of goods from international suppliers, or when international buyers purchase from Nigerian sellers. This agreement is specifically structured to comply with Nigerian legal requirements while incorporating international trade practices and Incoterms. It becomes necessary when parties need a comprehensive framework governing their international trade relationship, covering aspects such as product specifications, payment terms, delivery conditions, quality standards, warranties, and dispute resolution. The document must comply with Nigerian legislation including the Sales of Goods Act, Foreign Exchange (Monitoring and Miscellaneous Provisions) Act, and relevant Central Bank of Nigeria regulations, while also considering international trade conventions and practices.

What sections should be included in a International Purchase Agreement?

1. Parties: Identification of buyer and seller with full legal names and addresses

2. Background: Context of the agreement and brief description of the transaction

3. Definitions: Definitions of key terms used throughout the agreement

4. Scope of Agreement: Description of goods being purchased and general obligations of parties

5. Price and Payment Terms: Purchase price, payment method, currency, and payment schedule

6. Delivery Terms: Incoterms, delivery schedule, shipping arrangements, and transfer of risk

7. Quality and Inspection: Quality standards, inspection procedures, and acceptance criteria

8. Warranties and Representations: Warranties regarding goods and general business representations

9. Title and Risk: Transfer of title and risk allocation between parties

10. Import/Export Obligations: Responsibilities for permits, licenses, and compliance with trade regulations

11. Force Majeure: Events excusing performance and procedures for handling such events

12. Termination: Grounds for termination and consequences

13. Governing Law and Jurisdiction: Choice of Nigerian law and jurisdiction provisions

14. General Provisions: Standard boilerplate clauses including notices, amendments, and severability

What sections are optional to include in a International Purchase Agreement?

1. Intellectual Property Rights: Include when goods involve IP rights or technology transfer

2. Confidentiality: Include when sensitive information will be exchanged

3. Insurance: Include when specific insurance requirements are needed for high-value or high-risk goods

4. Performance Bond: Include when additional security for performance is required

5. Local Content Requirements: Include when Nigerian local content laws apply to the transaction

6. Training and Support: Include when seller must provide training or technical support

7. Anti-Corruption Compliance: Include for high-value transactions or when dealing with government entities

8. Environmental Compliance: Include when goods or their use have environmental implications

What schedules should be included in a International Purchase Agreement?

1. Schedule 1 - Product Specifications: Detailed technical specifications of the goods

2. Schedule 2 - Pricing Schedule: Detailed breakdown of prices, including any volume discounts or price adjustment mechanisms

3. Schedule 3 - Delivery Schedule: Detailed timeline for deliveries, especially for multiple shipments

4. Schedule 4 - Quality Standards and Testing Procedures: Detailed quality requirements and testing protocols

5. Schedule 5 - Required Documentation: List of required shipping, customs, and compliance documents

6. Schedule 6 - Warranty Terms: Detailed warranty terms and claim procedures

7. Appendix A - Form of Purchase Order: Standard form for individual purchase orders under the agreement

8. Appendix B - Acceptance Certificate Template: Standard form for confirming acceptance of delivered goods

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Nigeria

Publisher

Genie AI

Document Type

Sale Agreement

Cost

Free to use
Relevant legal definitions
Clauses
Relevant Industries

Manufacturing

Agriculture

Oil and Gas

Technology

Construction

Pharmaceutical

Automotive

Consumer Goods

Industrial Equipment

Textiles

Mining

Telecommunications

Chemical Industry

Food and Beverage

Relevant Teams

Legal

Procurement

Supply Chain

Finance

Compliance

Operations

International Trade

Risk Management

Logistics

Commercial

Relevant Roles

Procurement Manager

Supply Chain Director

International Trade Specialist

Commercial Director

Legal Counsel

Contracts Manager

Chief Financial Officer

Import/Export Manager

Compliance Officer

Operations Manager

Purchasing Officer

Trade Finance Manager

Risk Manager

Logistics Manager

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Bike Selling Agreement Letter

A legal document governed by Nigerian law that formalizes the sale and transfer of ownership of a motorcycle between parties, including key transaction details and compliance requirements.

find out more

Asset Sale And Purchase Agreement

A Nigerian law-governed agreement detailing terms and conditions for the sale and purchase of assets, including purchase price, warranties, and completion mechanics.

find out more

Simple Car Purchase Agreement

A Nigerian law-governed agreement for the sale and purchase of vehicles, detailing essential terms, conditions, and ownership transfer requirements.

find out more

Residential Lease For Single Family Home

Nigerian residential lease agreement for single-family homes, compliant with federal and state tenancy laws.

find out more

Sale Agreement Of Bike

A Nigerian law-governed agreement for the sale and purchase of a bike, detailing terms, conditions, and ownership transfer requirements.

find out more

Car Purchase Contract

A Nigerian law-governed agreement for the sale and purchase of a motor vehicle, detailing transaction terms and ownership transfer requirements.

find out more

Real Estate Listing Contract

A Nigerian-law governed agreement between property owner and real estate agent establishing terms for property listing, marketing, and sale/lease arrangements.

find out more

Deed Of Sale Of Motorcycle

A Nigerian law-compliant deed that formalizes the sale and transfer of ownership of a motorcycle between parties, including all necessary legal and regulatory requirements.

find out more

Real Estate Purchase Offer

A formal offer document for real estate purchase in Nigeria, outlining proposed terms and conditions in compliance with Nigerian property law.

find out more

Sales Commission Letter

A Nigerian-law governed document establishing commission-based sales arrangements between a company and sales representatives, outlining payment terms and performance expectations.

find out more

Sale Of Bike Agreement

A Nigerian law-governed agreement for the sale and purchase of a motorcycle or bike, outlining terms, conditions, and ownership transfer requirements.

find out more

Auto Purchase And Sale Agreement

A Nigerian law-governed agreement documenting the terms and conditions for the sale and purchase of a motor vehicle, including specifications, price, and ownership transfer details.

find out more

Agreement For Sale Of Flat

A Nigerian law-governed agreement for the sale and purchase of a flat, including terms, conditions, and requirements for property transfer.

find out more

Wholesale Contract

Nigerian wholesale contract template governing bulk sale arrangements between distributors and business customers, compliant with Nigerian commercial law.

find out more

Sale Agreement Online

A comprehensive online sale agreement template compliant with Nigerian e-commerce laws and regulations, suitable for both digital and physical goods transactions.

find out more

For Sale As Is Contract

A Nigerian law-compliant "For Sale As Is" contract template for transactions where goods or property are sold in their current condition without warranties.

find out more

Flat Buying Agreement

A legally binding agreement under Nigerian law for the purchase and sale of residential flats, detailing terms, conditions, and obligations of all parties involved.

find out more

Contract For Vehicle Sale With Payments

A Nigerian law-governed agreement for vehicle sale with structured payment terms, ensuring legal compliance and protecting both parties' interests.

find out more

Basic Sales Agreement

A standard Nigerian law-governed agreement outlining terms and conditions for the sale and purchase of goods between parties.

find out more

Tripartite Agreement For Sale Of Property

A Nigerian law-governed agreement between three parties for property sale, typically involving a seller, buyer, and financial institution or facilitator.

find out more

Sale Agreement For Bike

A Nigerian law-governed agreement detailing terms and conditions for the sale and purchase of a bike, ensuring legal compliance and protecting both parties' interests.

find out more

Oil Purchase And Sale Agreement

Nigerian law-governed agreement for oil purchase and sale transactions, incorporating local regulatory requirements and industry standards.

find out more

Contract For Sale Of House And Land

A Nigerian law-governed agreement for the sale and transfer of house and land property, incorporating Land Use Act requirements and detailing sale terms and conditions.

find out more

Resale Agreement Draft

Nigerian-law governed Resale Agreement template establishing supplier-reseller relationship with key commercial terms and regulatory compliance.

find out more

Scrap Vehicle Sale Agreement

A Nigerian law-governed agreement for the sale and transfer of vehicles intended for scrapping, ensuring compliance with local environmental and vehicle disposal regulations.

find out more

Sale And Construction Agreement

A Nigerian law-governed agreement combining property sale terms with construction obligations, detailing project specifications, timelines, and payment terms.

find out more

Real Estate Buyers Agreement Form

A standardized agreement form for real estate purchases in Nigeria, ensuring compliance with local property laws while protecting both buyer and seller interests.

find out more

Property Sell Agreement

A Nigerian law-governed agreement for the transfer of property ownership from seller to buyer, incorporating Land Use Act requirements and Governor's Consent provisions.

find out more

New Car Purchase Agreement

A Nigerian law-governed agreement for the purchase of a new vehicle, defining terms between seller and buyer while ensuring regulatory compliance.

find out more

Export Sales Contract

Nigerian law-governed contract for international sale and export of goods, incorporating local export regulations and international trade practices.

find out more

Hotel Purchase Agreement

A Nigerian law-governed agreement for the purchase and sale of a hotel property, including both real estate and business operational assets.

find out more

Residential Real Estate Purchase Agreement

A legally binding agreement under Nigerian law for the purchase and sale of residential real estate property, ensuring compliance with the Land Use Act and relevant property regulations.

find out more

Unconditional Sale And Purchase Agreement

A Nigerian law-governed agreement for the unconditional sale and purchase of assets or property, facilitating immediate transfer from seller to buyer.

find out more

Purchase Contract For Home

A Nigerian law-governed contract for the sale and purchase of residential property, establishing terms and conditions for property transfer and ownership rights.

find out more

Vehicle Installment Sale Agreement

A Nigerian law-governed agreement for the sale of vehicles through installment payments, detailing payment terms, ownership conditions, and party obligations.

find out more

Commercial Property Sale Contract

A legally binding agreement for the sale and purchase of commercial property in Nigeria, compliant with Nigerian property law and regulations.

find out more

Sales And Service Contract

A Nigerian law-governed contract combining product sales and service provision terms, ensuring compliance with local commercial regulations while facilitating business relationships.

find out more

Residential Contract Of Sale

A Nigerian law-governed contract for the sale and purchase of residential property, detailing terms, conditions, and requirements for property transfer.

find out more

Assignment Of Real Estate Purchase And Sale Agreement

A Nigerian law-governed agreement transferring rights and obligations under an existing real estate purchase agreement from the original purchaser to a new purchaser.

find out more

Owner Finance Car Sale Contract

A Nigerian law-governed agreement for the sale of a vehicle with financing provided directly by the seller to the buyer.

find out more
See more related templates

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

2 Docs LeftAccess Now