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Agreement To Sell Personal Property Form
"I need an Agreement To Sell Personal Property Form under Nigerian law for the sale of industrial manufacturing equipment from my company to another business, with payment in installments and delivery scheduled for March 2025."
1. Parties: Identifies and provides full details of the seller and buyer, including names, addresses, and any relevant registration numbers
2. Background: Brief context of the transaction and relationship between the parties
3. Definitions: Defines key terms used throughout the agreement for clarity and precision
4. Property Description: Detailed description of the personal property being sold, including identifying features, condition, and any serial numbers
5. Purchase Price: States the agreed purchase price and currency
6. Payment Terms: Specifies how and when payment will be made, including any deposits or installments
7. Transfer of Title: Details when and how ownership will transfer from seller to buyer
8. Delivery: Specifies delivery arrangements, timing, and responsibility for delivery costs
9. Seller's Warranties: Warranties regarding ownership, condition, and right to sell the property
10. Buyer's Acknowledgments: Buyer's confirmation of property inspection and acceptance of condition
11. Risk and Insurance: Specifies when risk passes to the buyer and insurance requirements
12. Termination: Circumstances under which the agreement can be terminated
13. Governing Law: Confirms Nigerian law governs the agreement
14. Execution: Signature blocks and execution requirements
1. Condition Precedents: Used when the sale is subject to specific conditions being met before completion
2. Intellectual Property: Required when the personal property includes or involves intellectual property rights
3. Maintenance History: Important for vehicles, machinery, or equipment with service requirements
4. Export/Import Requirements: Necessary when the property will cross international borders
5. Third Party Consents: Required when the sale needs approval from other parties
6. Tax Provisions: Detailed tax arrangements for high-value items or complex transactions
7. Dispute Resolution: Specific dispute resolution procedures beyond standard court jurisdiction
8. Assignment Rights: Used when either party may need to transfer their rights under the agreement
1. Property Specification Schedule: Detailed technical specifications, photographs, or detailed descriptions of the property
2. Payment Schedule: Breakdown of payment installments and dates if not a single payment
3. Condition Report: Detailed report on the current condition of the property, including any defects or issues
4. Title Documents: Copies of relevant ownership documents or certificates
5. Maintenance Records: History of maintenance, repairs, or modifications (particularly for vehicles or machinery)
6. Required Certifications: Copies of any required certificates, permits, or registrations
Authors
Property
Purchase Price
Completion Date
Completion
Business Day
Deposit
Effective Date
Encumbrance
Force Majeure
Parties
Seller
Buyer
Default
Due Diligence
Warranties
Transfer of Title
Delivery Location
Condition Precedent
Material Adverse Change
Payment Terms
Permitted Use
Representatives
Security Interest
Stamp Duty
Title Documents
Working Hours
Writing
Applicable Law
Confidential Information
Sale and Purchase
Purchase Price
Payment Terms
Property Description
Title Transfer
Delivery
Representations and Warranties
Condition of Property
Risk and Insurance
Seller's Obligations
Buyer's Obligations
Confidentiality
Force Majeure
Default and Remedies
Termination
Notices
Assignment
Entire Agreement
Amendment
Severability
Governing Law
Dispute Resolution
Costs and Expenses
Stamp Duty
Further Assurance
Third Party Rights
Counterparts
Indemnification
Survival
Retail
Automotive
Manufacturing
Agriculture
Technology
Real Estate
Art and Collectibles
Industrial Equipment
Consumer Goods
Small Business
Professional Services
Transport and Logistics
Legal
Sales
Operations
Administration
Compliance
Procurement
Asset Management
Risk Management
Corporate Services
Business Development
Legal Counsel
Sales Manager
Business Owner
Property Manager
Administrative Officer
Compliance Officer
Contract Administrator
Asset Manager
Operations Manager
Procurement Officer
Legal Assistant
Business Development Manager
Corporate Secretary
Risk Manager
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