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Terms & Conditions On Invoice
"I need Terms & Conditions On Invoice for my Lagos-based manufacturing company that supplies automotive parts to dealerships across Nigeria, with specific focus on payment terms requiring 50% advance payment and the balance within 30 days of delivery."
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
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
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
Business Day
Buyer
Company
Confidential Information
Contract
Customer
Delivery
Delivery Location
Force Majeure
Goods
Intellectual Property Rights
Invoice
Order
Payment Due Date
Price
Products
Purchase Order
Seller
Services
Specifications
Supplier
Terms and Conditions
VAT
Working Hours
Writing
Payment Terms
Delivery
Price and Payment
Title and Risk
Warranties
Liability Limitation
Force Majeure
Governing Law
Dispute Resolution
Intellectual Property
Confidentiality
Returns and Refunds
Quality Assurance
Default
Termination
Entire Agreement
Severability
Assignment
Notices
VAT and Taxation
Late Payment
Credit Terms
Data Protection
Retail
Manufacturing
Professional Services
Technology
Construction
Agriculture
Healthcare
Education
Transportation
Energy
Financial Services
Telecommunications
Real Estate
Hospitality
Mining
FMCG
E-commerce
Legal
Finance
Sales
Operations
Procurement
Accounts Receivable
Commercial
Compliance
Administration
Credit Control
Finance Manager
Commercial Director
Sales Manager
Procurement Manager
Business Development Manager
Operations Manager
Legal Counsel
Credit Controller
Accounts Receivable Manager
Contract Administrator
Chief Financial Officer
Sales Administrator
Company Secretary
General Manager
Managing Director
Compliance Officer
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