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This Real Estate Contract template is designed specifically for property transactions in Nigeria, taking into account the unique requirements of Nigerian property law, particularly the Land Use Act of 1978. It serves as a comprehensive agreement between parties for the sale and purchase of real property, whether residential, commercial, or industrial. The document incorporates essential elements required by Nigerian law, including provisions for Governor's Consent, land registration requirements, and proper title transfer procedures. It is structured to protect both parties' interests while ensuring compliance with federal and state-specific regulations, making it suitable for various types of property transactions across different Nigerian states.

1. Parties: Identification and details of the seller/vendor and buyer/purchaser, including full legal names, addresses, and registration details for corporate entities

2. Background: Context of the transaction, including brief property history and purpose of the agreement

3. Definitions: Definitions of key terms used throughout the agreement

4. Property Description: Detailed legal description of the property as registered with local authorities, including land registration particulars

5. Purchase Price: agreed purchase price, payment terms, and method of payment

6. Payment Terms: Schedule of payments, including deposits and installments

7. Completion: Details of the completion process, timing, and requirements

8. Seller's Representations and Warranties: Warranties regarding property title, encumbrances, and compliance with local laws

9. Buyer's Representations and Warranties: Confirmations regarding ability to complete purchase and compliance with relevant laws

10. Title and Documentation: Requirements for title transfer and necessary documentation under Nigerian law

11. Conditions Precedent: Conditions that must be met before completion

12. Default and Remedies: Consequences of breach and available remedies

13. Governing Law: Confirmation of Nigerian law as governing law and relevant jurisdiction

14. Execution: Signature blocks and execution requirements