Document background
The Bulk Sales Agreement is essential for businesses engaged in high-volume trading relationships in Nigeria, particularly where regular supply of goods in substantial quantities is required. This document is commonly used when parties wish to establish a long-term trading relationship with predetermined terms for multiple transactions, rather than negotiating separate agreements for each purchase. It addresses key aspects required under Nigerian law including payment terms, delivery arrangements, quality standards, and risk allocation. The agreement typically includes provisions compliant with Nigerian commercial regulations, including the Sales of Goods Act, Companies and Allied Matters Act, and relevant trade legislation. It's particularly relevant for industries dealing with commodities, manufactured goods, or raw materials where bulk purchasing is common practice.
