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1. Parties: Identification and details of the seller and buyer, including full legal names, addresses, and registration details if companies
2. Background: Context of the sale agreement and brief description of the transaction
3. Definitions: Definitions of key terms used throughout the agreement
4. Sale and Purchase: Core terms of the sale, including description of goods and agreed purchase price
5. Payment Terms: Details of the part payment structure, including initial payment, subsequent installments, and payment methods
6. Delivery and Transfer of Title: Terms regarding delivery of goods and when ownership transfers to the buyer
7. Seller's Warranties: Warranties regarding the condition, ownership, and quality of the goods
8. Default and Remedies: Consequences of default in payment and available remedies
9. Risk and Insurance: Allocation of risk and insurance requirements during the payment period
10. Termination: Circumstances under which the agreement can be terminated and consequences
11. Governing Law: Specification of Nigerian law as governing law and jurisdiction
12. Execution: Signature blocks and execution formalities
1. Security Interest: Required when additional security is provided for the unpaid balance
2. Third-Party Guarantees: Include when a guarantor is involved in securing the payment obligations
3. Return and Refund Policy: Necessary for certain types of goods or when required by industry practice
4. Maintenance and Support: Include for technical equipment or goods requiring ongoing maintenance
5. Assignment: Include when either party needs the right to assign their rights or obligations
6. Force Majeure: Include when protection against unforeseen events is required
7. Dispute Resolution: Include when specific dispute resolution mechanisms like arbitration are preferred
1. Schedule 1 - Description of Goods: Detailed specification of the goods being sold, including quantity, quality, and technical details
2. Schedule 2 - Payment Schedule: Detailed breakdown of payment installments, including amounts and due dates
3. Schedule 3 - Delivery Schedule: Timeline and logistics for delivery of goods
4. Schedule 4 - Condition Report: Initial condition report of goods at time of agreement
5. Appendix A - Required Documents: List of documents required for transfer of ownership
6. Appendix B - Warranty Terms: Detailed warranty terms and conditions
Goods
Purchase Price
Initial Payment
Installment Payment
Payment Schedule
Balance Due
Default Rate
Completion Date
Delivery Date
Effective Date
Business Day
Force Majeure Event
Encumbrance
Security Interest
Title
Transfer of Title
Warranties
Default Event
Permitted Use
Condition Report
Required Documents
Delivery Location
Payment Due Date
Interest Rate
Late Payment Fee
Completion Certificate
Inspection Period
Material Adverse Change
Confidential Information
Payment Terms
Transfer of Title
Delivery
Warranties
Risk and Insurance
Default and Remedies
Security Interest
Representations
Condition of Goods
Payment Schedule
Interest
Late Payment
Inspection Rights
Title Retention
Transfer Restrictions
Insurance Requirements
Default Events
Termination
Force Majeure
Notices
Assignment
Confidentiality
Governing Law
Dispute Resolution
Entire Agreement
Severability
Amendment
Waiver
Further Assurance
Retail
Manufacturing
Automotive
Real Estate
Industrial Equipment
Consumer Goods
Technology
Construction
Agriculture
Heavy Machinery
Legal
Sales
Finance
Commercial
Procurement
Risk Management
Operations
Credit Control
Business Development
Contract Management
Legal Counsel
Sales Manager
Commercial Director
Finance Manager
Contract Administrator
Business Development Manager
Procurement Manager
Credit Controller
Risk Manager
Operations Manager
General Manager
Chief Financial Officer
Chief Legal Officer
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