Instalment Purchase Agreement Template for Nigeria

1. Insurance Requirements: Detailed insurance obligations - required for high-value items or where specific risks need coverage

2. Security Provisions: Additional security requirements such as guarantees or charges - used for high-value transactions

3. Maintenance and Servicing: Detailed maintenance requirements - important for complex equipment or machinery

4. Import/Export Provisions: Required when goods are imported or may be exported during the agreement term

5. Third Party Rights: Needed when third parties (like guarantors or maintenance providers) have specific rights

6. Installation Requirements: Required for goods that need professional installation or setup

7. Training and Support: Include when seller provides training or ongoing support for complex equipment

1. Schedule 1 - Description of Goods: Detailed specification of goods including make, model, serial numbers

2. Schedule 2 - Payment Schedule: Detailed breakdown of instalment amounts and payment dates

3. Schedule 3 - Delivery Details: Specific delivery instructions, locations, and timelines

4. Schedule 4 - Warranty Terms: Detailed warranty provisions and claim procedures

5. Appendix A - Form of Acceptance Certificate: Template for formal acceptance of goods

6. Appendix B - Maintenance Requirements: Detailed maintenance schedules and procedures if applicable

7. Appendix C - Insurance Requirements: Specific insurance coverage requirements and terms