Terms & Conditions On Invoice Template for Nigeria

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Key Requirements PROMPT example:

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."

Document background
Terms & Conditions On Invoice is a fundamental business document used in Nigerian commercial transactions to establish the legal framework for sales of goods or services. This document is typically used when businesses need to clearly communicate their standard trading terms to customers while maintaining compliance with Nigerian law, including the Sale of Goods Act and Contract Law. The terms and conditions appear either on the invoice itself or as an accompanying document, covering essential aspects such as payment terms, delivery conditions, warranties, and dispute resolution. It's particularly important in the Nigerian business context where clear documentation of commercial terms helps prevent disputes and ensures enforceability of contract terms.
Suggested Sections

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

Optional Sections

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

Suggested Schedules

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

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant Industries

Retail

Manufacturing

Professional Services

Technology

Construction

Agriculture

Healthcare

Education

Transportation

Energy

Financial Services

Telecommunications

Real Estate

Hospitality

Mining

FMCG

E-commerce

Relevant Teams

Legal

Finance

Sales

Operations

Procurement

Accounts Receivable

Commercial

Compliance

Administration

Credit Control

Relevant Roles

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

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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