Document background
An Addendum to Bill of Sale is a crucial document used in Nigerian business transactions when parties need to modify an existing Bill of Sale without creating an entirely new agreement. This document type is particularly relevant when changes are required to the original sale terms, such as modifications to property descriptions, price adjustments, or payment terms. The addendum must comply with Nigerian contract law, including the Sale of Goods Act and state-specific requirements, and typically requires proper witnessing and potentially stamp duty payment. It's commonly used across various industries and can be applied to both movable and immovable property transactions. The document maintains the validity of the original Bill of Sale while clearly delineating the agreed modifications, making it an essential tool for business transactions requiring amendments to existing sales agreements.
