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1. Parties: Identifies and provides full details of the seller and buyer, including names, addresses, and registration details if applicable
2. Background: Provides context for the sale and outlines the intention of the parties to enter into the agreement
3. Definitions: Defines key terms used throughout the agreement to ensure clarity and prevent misinterpretation
4. Subject Matter of Sale: Detailed description of the goods or items being sold
5. Purchase Price: Specifies the agreed purchase price and payment terms, including payment method and schedule
6. Delivery Terms: Details of delivery arrangements, timing, and responsibility for delivery costs
7. Title and Risk: Specifies when ownership and risk in the goods transfers from seller to buyer
8. Warranties and Representations: Standard warranties about the condition and ownership of the goods
9. Termination: Circumstances under which the agreement can be terminated and the consequences
10. Governing Law and Jurisdiction: Confirms Nigerian law as governing law and specifies jurisdiction for disputes
11. Execution: Signature blocks and execution details
1. Condition of Goods: Detailed section describing the condition of used or specific goods - relevant for sales of used items or items with specific condition requirements
2. Intellectual Property Rights: Required when the sale involves items with associated intellectual property rights
3. Inspection Period: Includes terms for buyer inspection and acceptance - relevant for complex or high-value items
4. Installation and Training: Required when the sold items need installation or user training
5. Confidentiality: Important when the sale involves sensitive information or trade secrets
6. Insurance: Relevant for high-value items or when delivery involves significant risks
7. Export/Import Requirements: Necessary when the sale involves cross-border movement of goods
1. Schedule 1 - Product Specification: Detailed technical specifications or descriptions of the goods being sold
2. Schedule 2 - Payment Schedule: Detailed breakdown of payment terms if involving multiple payments or installments
3. Schedule 3 - Delivery Schedule: Detailed delivery timeline and requirements if complex or multiple deliveries
4. Appendix A - Condition Report: Detailed report of the condition of goods (particularly for used items)
5. Appendix B - Warranty Terms: Detailed warranty terms and conditions if extensive
6. Appendix C - Required Certifications: Copies of relevant certificates, permits, or licenses
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