Document background
The Temporary Use Agreement is essential in Nigerian business and property transactions where temporary access to or use of property, equipment, or facilities is required. This document type is commonly used for short-term property arrangements, event venues, equipment lending, or temporary workspace solutions. It must comply with Nigerian contract law and property regulations, including the Land Use Act of 1978 where applicable. The agreement typically includes detailed specifications about the property or asset, duration of use, payment terms, maintenance responsibilities, and return conditions. It's particularly important in protecting both parties' interests by clearly defining the temporary nature of the arrangement and preventing any misunderstanding about permanent rights or ownership transfer. The document serves as a crucial risk management tool in Nigerian business operations, especially in scenarios requiring short-term access to valuable assets or properties.
