Bill Of Sale And Purchase Agreement Template for Nigeria

1. Conditional Sale Terms: Used when the sale is subject to specific conditions that must be met before completion

2. Installment Payment Terms: Required when the purchase price is to be paid in installments

3. Security Interests: Needed when the seller retains any security interest in the property

4. Insurance: Important for high-value items or when there's a gap between agreement and completion

5. Tax Provisions: Detailed tax considerations for complex transactions or high-value sales

6. Dispute Resolution: Specific dispute resolution procedures beyond standard court jurisdiction

7. Force Majeure: Needed for transactions with delayed completion or ongoing obligations

1. Schedule 1 - Property Description: Detailed description of the property being sold, including any identifying numbers or marks

2. Schedule 2 - Payment Schedule: Detailed payment terms and schedules if payment is by installments

3. Schedule 3 - Condition Report: Detailed report of the property's condition at time of sale

4. Schedule 4 - Encumbrances: List of any existing encumbrances, liens, or charges on the property

5. Appendix A - Documents of Title: Copies of relevant ownership documents and certificates

6. Appendix B - Photographs: Photographs of the property being sold

7. Appendix C - Maintenance Records: For vehicles or machinery, historical maintenance and repair records