Document background
The Terms of Sale Agreement serves as a fundamental commercial contract in Nigerian business transactions, establishing the legal framework for sale of goods or services between parties. This document is essential when businesses engage in regular commercial transactions and need to establish clear, enforceable terms that comply with Nigerian legislation. It encompasses crucial elements such as product specifications, pricing structures, payment terms, delivery arrangements, and risk allocation, while ensuring alignment with Nigerian commercial laws including the Sale of Goods Act and consumer protection regulations. The agreement is particularly valuable for recurring business relationships where standardized terms need to be established and maintained.
