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A Sale of Goods Agreement or Contract is an agreement entered between a seller and buyer for the sale of goods. The seller is the party that sells the goods or products underlying this agreement and the buyer is the party that intends to buy the goods offered for sale by the seller. Goods are identifiable and tangible properties or products that are offered for sale to the buyer.
This document can only be used for the sale of any tangible property other than real property (such as land and building). However a Contract for Sale of Real Property is also available for download on the website.
The document outlines the names and addresses of the seller and buyer; a clear description of the good(s) sold; the purchase price; terms of payment for the goods; details of deposit to be made (if applicable); details about delivery of the good(s) and refund or cancellation policy.
How to use this document
This document can be used by any party who intends to sell or buy any tangible product (other than land or building) as this document precisely specifies the terms and conditions for the sale and purchase.
After completing this document, the form filler should make at least two copies of this document which will be signed by the parties. If either of the parties is an individual, the individual should sign the document and give the document to a witness who will fill out his/her name, address, occupation and signature.
If either of the parties is a company, the common seal of the company should be affixed on the document and two directors or one director and one secretary should sign the document on the column provided for their signature in the document.
Also, if either of the parties is any other organization other than a company (this includes partnership and sole proprietorship businesses registered as business names, incorporated trustees, etc.), one authorized representative of that organization should sign the document on behalf of the organization and give one witness who will fill out their name, address, occupation and signature.
After both parties have signed the documents and the documents have properly attested to by the witnesses (as the case may be), each party should keep at least one copy of the signed document for record purposes.
Both federal and state laws regulate the sale and purchase of goods in Nigeria. In this case, the Sale of Goods Act, which is the federal law and Sale of Goods laws of various states in Nigeria are applicable to this document.
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