tiktok³ÉÈ˰æ

As Is Contract For Sale And Purchase Template for Nigeria

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your As Is Contract For Sale And Purchase

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

As Is Contract For Sale And Purchase

"I need an As Is Contract for Sale and Purchase under Nigerian law for the sale of used manufacturing equipment from my company to a corporate buyer, with completion scheduled for March 15, 2025, including specific provisions for buyer inspection and staged payment terms."

Document background
The As Is Contract for Sale and Purchase is essential for transactions where assets are being sold in their current condition without warranties or representations from the seller. This document type is particularly relevant in Nigeria where parties wish to clearly document the limited nature of the seller's obligations and the buyer's acceptance of the asset's condition. It's commonly used for second-hand or pre-owned assets, distressed sales, or situations where the seller cannot or will not provide warranties about the asset's condition or fitness for purpose. The contract complies with Nigerian law, including the Sales of Goods Act and Contract Law principles, while providing clear documentation of the parties' agreement regarding the "as is" nature of the sale. It includes comprehensive provisions for price, payment, delivery, and risk transfer, while explicitly limiting the seller's liability and obtaining the buyer's acknowledgment of the asset's condition.
Suggested Sections

1. Parties: Identifies and provides full details of the seller and buyer, including their legal names, addresses, and any registration numbers if companies are involved

2. Background: Provides context for the sale and purchase transaction

3. Definitions: Defines key terms used throughout the agreement

4. Subject Matter of Sale: Detailed description of the property or goods being sold in their current condition

5. As Is Clause: Explicit statement that the property/goods are being sold 'as is' with all faults and without warranties

6. Purchase Price: States the agreed purchase price and payment terms

7. Payment Terms: Details the method, timing, and conditions of payment

8. Delivery and Transfer: Specifies arrangements for delivery or transfer of the property/goods

9. Buyer's Acknowledgments: Buyer's confirmation of inspection and acceptance of the current condition

10. Risk and Title: Specifies when risk and title pass to the buyer

11. Closing: Details the closing process and requirements

12. Governing Law: Specifies Nigerian law as the governing law

13. Dispute Resolution: Outlines the process for resolving any disputes

14. Entire Agreement: Confirms this is the complete agreement between parties

15. Execution: Signature blocks and execution requirements

Optional Sections

1. Due Diligence Period: Optional section for transactions where the buyer requires time to inspect or investigate the property/goods

2. Environmental Matters: For sales involving real estate or industrial equipment where environmental concerns may be relevant

3. Broker's Commission: Required if any brokers or agents are involved in the transaction

4. Tax Matters: Details specific tax implications if relevant to the transaction

5. Existing Liens or Encumbrances: Required if the property/goods have any existing liens that need to be addressed

6. Assignment Rights: If parties want to specifically address the right to assign the contract

7. Force Majeure: May be included for transactions with delayed closing or delivery dates

8. Survival Clauses: Specifies which provisions survive closing if needed

Suggested Schedules

1. Schedule A - Property/Goods Description: Detailed description of the property or goods being sold, including current condition and known defects

2. Schedule B - Excluded Items: List of items specifically excluded from the sale

3. Schedule C - Inspection Reports: Copies of any existing inspection reports or condition assessments

4. Schedule D - Title Documents: Copies of relevant title documents or ownership proofs

5. Schedule E - Photographs: Current photographs documenting the condition of the property/goods

6. Appendix 1 - Delivery Protocol: Detailed procedures for delivery or transfer of the property/goods

7. Appendix 2 - Payment Schedule: If payment is to be made in installments or involves multiple components

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions








































Clauses



































Relevant Industries

Real Estate

Automotive

Industrial Equipment

Manufacturing

Construction

Agriculture

Mining

Oil and Gas

Retail

Asset Management

Maritime

Aviation

Relevant Teams

Legal

Procurement

Commercial

Operations

Risk Management

Compliance

Sales

Asset Management

Corporate Secretariat

Business Development

Property Management

Relevant Roles

Legal Counsel

Contract Manager

Commercial Manager

Procurement Manager

Asset Manager

Business Development Manager

Operations Manager

Risk Manager

Compliance Officer

Property Manager

Sales Manager

Chief Legal Officer

Transaction Manager

Corporate Secretary

General Counsel

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

Find the exact document you need

Agreement To Sell And Sale Deed

A combined agreement to sell and property transfer document under Nigerian law, facilitating both the promise to sell and actual transfer of property ownership.

find out more

Harmless Agreement

A Nigerian law-governed agreement where one party agrees to indemnify and hold another party harmless from specified risks, losses, or legal liabilities.

find out more

Lease To Purchase Contract

A Nigerian law-governed agreement combining property lease terms with a future purchase option, including rent credits towards the final purchase price.

find out more

Contract To Sell A House

A Nigerian law-governed agreement for the sale and transfer of residential property ownership, detailing terms, conditions, and legal requirements.

find out more

Sales Commission Contract

A Nigerian law-governed agreement establishing commission-based sales arrangements between a company and sales representative, including payment terms and performance requirements.

find out more

Offer To Purchase Property Form

A formal document under Nigerian law that presents a buyer's offer to purchase property, including proposed terms and conditions for the transaction.

find out more

As Is Contract For Sale And Purchase

A Nigerian law-governed contract for the sale and purchase of assets in their current condition without warranties ("as is" basis).

find out more

Residential Purchase Contract

A Nigerian law-governed contract for the sale and purchase of residential property, incorporating local land law requirements and transfer procedures.

find out more

Sell Land Contract

A legal agreement for land sale and transfer in Nigeria, complying with the Land Use Act and state land laws, including provisions for Governor's consent and registration requirements.

find out more

Agreement Of Purchase And Sale Form For Private Sale

A Nigerian law-governed agreement documenting private property sale terms and conditions between buyer and seller.

find out more

Motor Vehicle Purchase Contract

A Nigerian law-governed agreement for the sale and purchase of motor vehicles, detailing terms, conditions, and compliance requirements for vehicle transfer.

find out more

Assignment Of Purchase And Sale Agreement

A Nigerian law-governed agreement transferring rights and obligations in a property purchase agreement from the original purchaser to a new purchaser.

find out more

House Buying Contract

A Nigerian law-governed contract for the purchase and sale of residential property, incorporating local property transfer requirements and Land Use Act provisions.

find out more

Private Sale Vehicle Purchase Agreement

A Nigerian law-governed agreement for the private sale and purchase of vehicles between individuals, documenting sale terms and ownership transfer.

find out more

Letter Of Sale Agreement

A formal letter-style agreement under Nigerian law that documents the terms and conditions of a sale transaction between parties, serving as a legally binding contract.

find out more

Purchase Agreement For Commercial Property

A legally binding agreement under Nigerian law for the sale and purchase of commercial property, outlining terms, conditions, and obligations of all parties involved.

find out more

Motorcycle Sales Agreement

A Nigerian law-governed agreement for the sale and purchase of motorcycles, detailing terms, conditions, and regulatory requirements for ownership transfer.

find out more

Livestock Purchase Agreement

A Nigerian law-governed agreement for the purchase and sale of livestock, detailing terms, conditions, and compliance requirements for the transaction.

find out more

Whole Sale Contract

A Nigerian law-governed agreement establishing terms for wholesale trade between supplier and buyer, including commercial terms and regulatory compliance requirements.

find out more

Independent Sales Rep Agreement

A Nigerian law-governed agreement establishing terms and conditions for independent sales representation, including commission structures and territorial rights.

find out more

Business Purchase Contract

A Nigerian law-governed agreement documenting the terms and conditions for the purchase and sale of a business entity or its assets.

find out more

Boat Purchase Agreement

A Nigerian law-governed agreement for the sale and purchase of marine vessels, ensuring compliance with local maritime regulations while protecting parties' interests.

find out more

Motorcycle Sale Contract

A Nigerian law-governed contract for the sale and purchase of motorcycles, ensuring legal compliance and protecting both parties' interests.

find out more

Partnership Sale Agreement

A Nigerian law-governed agreement facilitating the sale and transfer of partnership interests, including terms, conditions, and compliance requirements.

find out more

Motorcycle Purchase Agreement

A legally binding agreement under Nigerian law for the sale and purchase of a motorcycle, detailing terms, conditions, and ownership transfer requirements.

find out more

Buy And Sell Contract

A Nigerian law-governed agreement documenting the sale and purchase of goods between parties, including terms of sale, delivery, and payment arrangements.

find out more

Sales Representative Agreement

A Nigerian law-governed agreement establishing terms and conditions for sales representation, including territory rights, commission structures, and compliance requirements.

find out more

Residential Purchase Agreement

A Nigerian law-governed agreement for the sale and purchase of residential property, detailing terms, conditions, and regulatory requirements for property transfer.

find out more

Purchase Sale Agreement

A Nigerian law-governed agreement documenting the sale and purchase of goods between parties, specifying terms, conditions, and obligations of the transaction.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

³Ò±ð²Ô¾±±ð’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ³Ò±ð²Ô¾±±ð’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our for more details and real-time security updates.