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Sale And Construction Agreement Template for Nigeria

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Key Requirements PROMPT example:

Sale And Construction Agreement

"I need a Sale and Construction Agreement for a luxury residential development in Lagos, Nigeria, comprising 50 apartments with solar power installation, where construction needs to be completed by March 2025 and the agreement must emphasize eco-friendly building standards and materials."

Document background
The Sale And Construction Agreement is a specialized contract used in Nigerian real estate development when a party agrees to both sell land or property and construct improvements on it. This document is particularly relevant for off-plan property purchases, development projects, and custom-built facilities. It combines elements of a standard property sale agreement with detailed construction terms, ensuring compliance with Nigerian land use regulations, building codes, and environmental laws. The agreement typically includes comprehensive specifications for the construction work, payment schedules, completion timelines, quality standards, and warranty provisions. It's essential for projects ranging from residential developments to commercial complexes, providing legal protection for both the developer/contractor and the buyer/employer while ensuring clear performance obligations and risk allocation.
Suggested Sections

1. Parties: Identification and details of the seller/contractor and buyer/employer

2. Background: Context of the agreement, including property details and construction project overview

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

4. Sale Agreement: Terms of the property sale, including price, payment structure, and transfer conditions

5. Construction Scope: Detailed description of construction works to be performed

6. Contract Price and Payment Terms: Total contract value, payment schedule, and payment conditions

7. Timeline and Completion: Project schedule, milestones, and completion requirements

8. Construction Standards: Quality standards, building codes, and compliance requirements

9. Contractor Obligations: Responsibilities and obligations of the contractor during construction

10. Employer Obligations: Responsibilities and obligations of the employer/buyer

11. Variations: Process for handling changes to the scope of work

12. Testing and Inspection: Procedures for quality control and acceptance of work

13. Defects Liability: Warranty period and rectification of defects

14. Risk and Insurance: Risk allocation and required insurance coverage

15. Force Majeure: Provisions for unforeseen circumstances and their handling

16. Termination: Grounds and procedures for contract termination

17. Dispute Resolution: Procedures for resolving disputes between parties

18. Governing Law: Specification of Nigerian law as governing law and jurisdiction

Optional Sections

1. Environmental Compliance: Required when project has significant environmental impact or requires environmental permits

2. Local Content Requirements: Necessary for projects subject to Nigerian local content regulations

3. Advance Payment Guarantee: Include when advance payments are part of the payment structure

4. Performance Bond: Required for larger construction projects or when specifically requested by employer

5. Soil Conditions: Include when ground conditions pose specific risks or concerns

6. Utilities and Infrastructure: Required when project involves significant utility connections or infrastructure work

7. Security Arrangements: Necessary for projects in sensitive or high-risk areas

8. Phased Completion: Include when project will be completed and handed over in phases

9. Intellectual Property Rights: Required when design elements or proprietary methods are involved

Suggested Schedules

1. Schedule 1 - Property Details: Legal description of the property and title information

2. Schedule 2 - Construction Specifications: Detailed technical specifications for the construction work

3. Schedule 3 - Construction Drawings: Approved architectural and engineering drawings

4. Schedule 4 - Bill of Quantities: Itemized list of materials and works with quantities and rates

5. Schedule 5 - Payment Schedule: Detailed breakdown of payment milestones and amounts

6. Schedule 6 - Project Timeline: Detailed project schedule with milestones and critical dates

7. Schedule 7 - Quality Assurance Plan: Detailed quality control procedures and standards

8. Schedule 8 - Required Permits and Approvals: List of required regulatory approvals and permits

9. Schedule 9 - Form of Certificates: Templates for various certificates including completion certificates

10. Schedule 10 - Insurance Requirements: Detailed insurance requirements and coverage levels

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 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

Construction

Infrastructure Development

Commercial Property

Residential Property

Industrial Development

Energy

Healthcare Facilities

Educational Institutions

Hospitality

Retail Development

Mixed-use Development

Relevant Teams

Legal

Construction

Real Estate

Project Management

Commercial

Finance

Procurement

Operations

Risk and Compliance

Technical Services

Property Management

Business Development

Relevant Roles

Chief Executive Officer

Managing Director

Development Director

Construction Manager

Project Manager

Contract Manager

Legal Counsel

Property Developer

Real Estate Manager

Procurement Manager

Finance Director

Commercial Director

Operations Director

Risk Manager

Compliance Officer

Technical Director

Facilities Manager

Property Manager

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

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