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The Deed of Sale Agreement is a fundamental legal instrument in Nigerian property transactions, essential for documenting and effectuating the transfer of property ownership. This document is required when transferring any substantial property interest in Nigeria, whether residential, commercial, or industrial. The deed must comply with the Land Use Act 1978 and other relevant Nigerian property laws, requiring specific formalities including Governor's consent, proper execution, and registration. It contains detailed information about the property, parties involved, purchase price, payment terms, warranties, and completion requirements. The document is particularly crucial as it serves as evidence of the transaction and protects both parties' interests by clearly stating their rights and obligations. Understanding local land law requirements and proper execution formalities is essential for ensuring the deed's validity.

1. Parties: Identifies and provides full details of the Vendor/Seller and Purchaser/Buyer, including their addresses and registration details if companies

2. Background: Recitals establishing the Vendor's ownership, authority to sell, and Purchaser's intention to buy

3. Definitions: Defines key terms used throughout the deed including Property, Completion Date, Purchase Price, and other relevant terms

4. Sale and Purchase: Core provision stating the agreement to sell and purchase the property for the specified consideration

5. Purchase Price: Specifies the agreed purchase price and payment terms including deposit and balance payment arrangements

6. Completion: Details the completion process, timing, and requirements for transfer of title

7. Vendor's Covenants: Vendor's warranties and representations regarding title, property condition, and authority to sell

8. Property Title: Confirms good and marketable title, free from encumbrances

9. Registration and Consent: Provisions regarding Governor's consent and registration requirements under Nigerian law

10. Execution Requirements: Specifies requirements for valid execution as a deed under Nigerian law

11. Governing Law: Confirms Nigerian law as governing law and jurisdiction