Document background
The International Purchase Contract is essential for businesses engaged in cross-border trade involving Nigerian parties. This document is particularly relevant when structuring international sales transactions that must comply with Nigerian law while maintaining international trade standards. It should be used when companies are establishing formal trading relationships for the purchase and sale of goods across borders, whether as a one-time transaction or for ongoing supply arrangements. The contract incorporates critical elements required by Nigerian legislation, including foreign exchange regulations, customs requirements, and local commercial law provisions. It addresses key aspects such as payment terms, delivery conditions, quality standards, and dispute resolution mechanisms, while considering practical aspects of international trade such as shipping terms, documentation requirements, and risk allocation. The template is designed to be adaptable for various industries while maintaining compliance with Nigerian legal requirements and international best practices.
