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Terms & Conditions On Invoice for Nigeria

Terms & Conditions On Invoice Template for Nigeria

This document outlines the standard terms and conditions that appear on or accompany invoices for goods or services in Nigeria, complying with Nigerian commercial law and the Federal Competition and Consumer Protection Act 2018. It establishes the legal framework for business transactions, including payment terms, delivery conditions, warranties, and dispute resolution procedures. The document is designed to protect both the supplier's and customer's interests while ensuring clarity in commercial relationships under Nigerian jurisdiction.

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What is a Terms & Conditions On Invoice?

Terms & Conditions On Invoice is a fundamental business document used in Nigerian commercial transactions to establish the legal framework for sales of goods or services. This document is typically used when businesses need to clearly communicate their standard trading terms to customers while maintaining compliance with Nigerian law, including the Sale of Goods Act and Contract Law. The terms and conditions appear either on the invoice itself or as an accompanying document, covering essential aspects such as payment terms, delivery conditions, warranties, and dispute resolution. It's particularly important in the Nigerian business context where clear documentation of commercial terms helps prevent disputes and ensures enforceability of contract terms.

What sections should be included in a Terms & Conditions On Invoice?

1. 1. Interpretation: Defines key terms used in the T&Cs including 'Goods', 'Services', 'Price', and 'Payment Terms'

2. 2. Application of Terms: States that these terms apply to all transactions and supersede any other terms

3. 3. Price and Payment: Details the payment obligations, including VAT, payment timeline, and late payment consequences

4. 4. Delivery and Performance: Specifies delivery terms, timelines, and acceptance procedures

5. 5. Title and Risk: Establishes when ownership and risk transfer to the buyer

6. 6. Quality and Warranties: States the quality standards and warranties applicable to goods/services

7. 7. Liability Limitations: Sets out the limits of liability and exclusions

8. 8. Governing Law: Specifies Nigerian law as governing law and jurisdiction

What sections are optional to include in a Terms & Conditions On Invoice?

1. Returns and Refunds: Include when dealing with physical goods or when return policies are relevant

2. Intellectual Property: Include when supplying services or products involving IP rights

3. Confidentiality: Include for business-to-business transactions involving sensitive information

4. Force Majeure: Include for longer-term supply arrangements or high-value transactions

5. Data Protection: Include when personal data is collected or processed

6. Credit Terms: Include when offering credit facilities or delayed payment terms

What schedules should be included in a Terms & Conditions On Invoice?

1. Price List: Detailed breakdown of prices for different products/services

2. Payment Schedule: For installment payments or recurring billing arrangements

3. Service Level Agreement: For ongoing service provisions with specific performance metrics

4. Product Specifications: Detailed specifications of products or services being supplied

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

Jurisdiction

Nigeria

Publisher

Genie AI

Cost

Free to use

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