Simple Sales Contract for Nigeria

Simple Sales Contract Template for Nigeria

A Simple Sales Contract governed by Nigerian law is a fundamental legal document used for straightforward sale and purchase transactions of goods. This contract establishes the essential terms of the sale, including product specifications, pricing, delivery terms, and payment conditions, while ensuring compliance with Nigerian commercial law, particularly the Sale of Goods Act. The document provides a clear framework for both parties' obligations and rights, incorporating necessary warranties and representations while maintaining simplicity and ease of use for standard commercial transactions.

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What is a Simple Sales Contract?

The Simple Sales Contract is a fundamental commercial document used in Nigeria for documenting straightforward sale and purchase transactions between parties. This template is specifically designed to comply with Nigerian commercial law, including the Sale of Goods Act and relevant contract law principles. It is particularly useful for businesses and individuals engaging in one-time or recurring sale transactions where the terms are relatively standard and uncomplicated. The document typically includes essential elements such as product details, pricing, delivery terms, and basic warranties, while remaining adaptable to various types of goods and commercial situations. This Simple Sales Contract template provides a balanced approach to protecting both parties' interests while maintaining clarity and simplicity in its terms.

What sections should be included in a Simple Sales Contract?

1. Parties: Identifies and provides full details of the seller and buyer, including registration numbers for companies

2. Background: Brief context of the sale and the parties' intention to enter into the agreement

3. Definitions: Defines key terms used throughout the agreement

4. Sale and Purchase: Core terms of the sale including description of goods and agreed purchase price

5. Delivery: Terms and conditions for delivery of goods, including timing and location

6. Payment Terms: Payment amount, method, and schedule

7. Title and Risk: When ownership and risk in the goods passes from seller to buyer

8. Warranties and Representations: Standard warranties about the goods' quality, condition, and fitness for purpose

9. Termination: Circumstances under which the contract can be terminated

10. Governing Law and Jurisdiction: Confirms Nigerian law governs the agreement and specifies jurisdiction for disputes

11. Execution: Signature blocks and execution details

What sections are optional to include in a Simple Sales Contract?

1. Import/Export Terms: Required for international sales, including relevant Incoterms

2. Insurance: Include when specific insurance requirements are needed for high-value goods

3. Inspection Rights: Include for goods that require quality inspection before acceptance

4. Intellectual Property: Include when the goods involve any IP rights or licenses

5. Confidentiality: Include when sensitive information will be shared during the transaction

6. Force Majeure: Include for longer-term or high-value sales where risk allocation is important

What schedules should be included in a Simple Sales Contract?

1. Schedule 1 - Goods Specification: Detailed technical specifications of the goods being sold

2. Schedule 2 - Pricing Schedule: Detailed breakdown of prices if multiple items or pricing components

3. Schedule 3 - Delivery Schedule: Detailed delivery timeline if multiple deliveries are involved

4. Appendix A - Quality Standards: Specific quality standards or certifications required for the goods

5. Appendix B - Return Policy: Detailed procedures for returns or rejections of 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 Industries

Retail

Manufacturing

Wholesale Trade

Agriculture

Consumer Goods

Industrial Equipment

Electronics

Textiles

Food and Beverage

Construction Materials

Automotive

General Merchandise

Relevant Teams

Legal

Procurement

Sales

Commercial

Operations

Supply Chain

Finance

Business Development

Administration

Compliance

Relevant Roles

Procurement Manager

Sales Manager

Legal Counsel

Business Development Manager

Commercial Director

Contract Administrator

Supply Chain Manager

Operations Manager

General Manager

Company Secretary

Purchasing Officer

Sales Representative

Business Owner

Managing Director

Finance 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

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