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Addendum To Agreement Of Sale for Nigeria

Addendum To Agreement Of Sale Template for Nigeria

A formal legal document governed by Nigerian law that modifies, supplements, or amends specific terms and conditions of an existing Agreement of Sale while maintaining the validity of the original agreement's unchanged portions. This document addresses changes in commercial arrangements between parties, whether they involve price adjustments, delivery terms, specifications, or other contractual modifications. It must comply with Nigerian contract law requirements, including proper execution, witnessing, and stamping where applicable, while ensuring clear reference to the original agreement and precise documentation of all amendments.

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Addendum To Agreement Of Sale

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What is a Addendum To Agreement Of Sale?

The Addendum To Agreement of Sale is a critical legal instrument used when parties need to modify an existing sale agreement without creating an entirely new contract. This document type is particularly relevant in the Nigerian business context, where commercial relationships often need adjustment due to changing market conditions, regulatory requirements, or mutual business interests. It must comply with Nigerian contract law and commercial regulations, including the Contract Law Act and Sale of Goods Act. The addendum typically specifies exact changes to the original agreement, such as price adjustments, delivery modifications, or specification changes, while explicitly maintaining all unmodified terms. It requires proper execution by authorized signatories and may need statutory compliance steps such as stamping under Nigerian law.

What sections should be included in a Addendum To Agreement Of Sale?

1. Parties: Identifies the parties to the original agreement and confirms they remain the same parties for this addendum

2. Background: References the original Agreement of Sale including its date and purpose, and explains the reason for this addendum

3. Definitions: Defines any new terms introduced in the addendum and confirms all definitions from the original agreement remain in effect unless explicitly modified

4. Amendments: Clearly specifies which sections of the original agreement are being modified, showing both original and new language

5. Ratification: Confirms that all other terms and conditions of the original agreement remain unchanged and in full force and effect

6. Integration: States that this addendum becomes part of the original agreement and should be read and interpreted together with it

7. Governing Law: Confirms this addendum is governed by Nigerian law, consistent with the original agreement

8. Execution: Signature blocks for all parties and witnesses required under Nigerian law

What sections are optional to include in a Addendum To Agreement Of Sale?

1. Consideration: Required if the addendum involves new or modified payment terms

2. Additional Representations and Warranties: Used when the modifications require new assurances from either party

3. Conditions Precedent: Included when the modifications are subject to certain conditions being met

4. Time Extension: Used when modifying any timeframes or deadlines in the original agreement

5. Dispute Resolution: Required if changing the original dispute resolution procedures

6. Notices: Included if there are changes to contact information or notice procedures

What schedules should be included in a Addendum To Agreement Of Sale?

1. Schedule of Amendments: Detailed listing of all modifications to the original agreement, with reference to specific clauses and new language

2. Schedule of Updated Prices: If the addendum involves price changes, detailed listing of new prices or payment terms

3. Schedule of Modified Deliverables: If changing scope of goods/services, detailed description of modifications

4. Appendix A - Revised Timeline: If applicable, updated project or delivery milestones

5. Appendix B - Supporting Documents: Any relevant certificates, permits, or other documents supporting the modifications

Authors

Alex Denne

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

Jurisdiction

Nigeria

Document Type

Sale Agreement

Cost

Free to use
Relevant legal definitions






























Clauses



























Relevant Industries

Real Estate

Manufacturing

Retail

Agriculture

Oil and Gas

Technology

Construction

Automotive

Consumer Goods

Industrial Equipment

Telecommunications

Mining

Healthcare

Education

Transportation and Logistics

Relevant Teams

Legal

Procurement

Sales

Commercial

Operations

Finance

Compliance

Risk Management

Supply Chain

Business Development

Contract Administration

Relevant Roles

Legal Counsel

Contract Manager

Procurement Manager

Sales Director

Business Development Manager

Commercial Director

Operations Manager

Chief Financial Officer

Company Secretary

Compliance Officer

Risk Manager

General Manager

Managing Director

Supply Chain Manager

Project Manager

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, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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