The Wholesale Purchase Agreement Contract is a vital commercial document used in Nigerian business transactions to formalize bulk purchasing arrangements between suppliers and buyers. This agreement is particularly relevant in scenarios involving regular, large-scale procurement of goods for resale or business use. The document addresses key aspects required under Nigerian law, including compliance with the Sale of Goods Act, Companies and Allied Matters Act 2020, and Federal Competition and Consumer Protection Act 2018. It is designed to protect both parties' interests while ensuring smooth business operations through clear terms on ordering, delivery, payment, and quality standards. The agreement is especially important in the Nigerian context where formal documentation of commercial relationships helps mitigate risks and ensures regulatory compliance in wholesale trade operations.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identification of the seller and buyer, including full legal names, registration numbers, and registered addresses
2. Background: Context of the agreement, business relationship, and general purpose of the wholesale arrangement
3. Definitions: Definitions of key terms used throughout the agreement
4. Scope of Agreement: Overall framework of the wholesale purchase arrangement, including territory and exclusivity provisions
5. Product Specifications: Detailed description of products covered under the agreement
6. Ordering Process: Procedures for placing and accepting purchase orders
7. Pricing and Payment Terms: Product pricing, payment methods, currency, and payment timelines
8. Delivery Terms: Delivery obligations, timeframes, and Incoterms where applicable
9. Quality Standards: Quality requirements, inspection rights, and compliance with Nigerian standards
10. Warranties: Product warranties and quality guarantees
11. Title and Risk: Transfer of ownership and risk in the goods
12. Term and Termination: Duration of agreement and termination provisions
13. Confidentiality: Protection of confidential information and trade secrets
14. Governing Law: Nigerian law as governing law and jurisdiction provisions
15. Dispute Resolution: Process for resolving disputes, including arbitration provisions
1. Minimum Purchase Requirements: Include when there are specific volume commitments required
2. Marketing and Promotion: Include when parties have specific marketing obligations or restrictions
3. Export/Import Requirements: Include for international trade arrangements
4. Insurance Requirements: Include when specific insurance coverage is required
5. Environmental Compliance: Include for products with environmental impact considerations
6. Anti-corruption Compliance: Include for high-value contracts or government-related trade
7. Force Majeure: Include specific force majeure provisions beyond standard clauses
8. Intellectual Property Rights: Include when dealing with branded products or licensed goods
9. Training and Support: Include when seller must provide product training or technical support
10. Bank Guarantee/Performance Bond: Include when financial security is required
1. Schedule 1 - Product List and Specifications: Detailed list of products with technical specifications
2. Schedule 2 - Price List: Comprehensive pricing details including any volume discounts
3. Schedule 3 - Delivery Locations: List of approved delivery points and warehouses
4. Schedule 4 - Quality Standards and Testing Procedures: Detailed quality control requirements and testing protocols
5. Schedule 5 - Order Form Template: Standard format for purchase orders
6. Schedule 6 - Service Level Agreement: Performance metrics and service standards
7. Appendix A - Compliance Certificates: Required regulatory and quality certifications
8. Appendix B - Insurance Requirements: Detailed insurance coverage requirements
9. Appendix C - Bank Guarantee Format: Template for bank guarantee if required
Relevant legal definitions
Clauses
Relevant Industries
Retail and Consumer Goods
Manufacturing
Agriculture and Food Processing
Pharmaceuticals
Electronics and Technology
Automotive Parts
Construction Materials
Textiles and Apparel
Industrial Equipment
Fast-Moving Consumer Goods (FMCG)
Chemical Products
Energy and Petroleum Products
Relevant Teams
Procurement
Legal
Commercial
Supply Chain
Operations
Finance
Compliance
Quality Assurance
Logistics
Sales
Business Development
Relevant Roles
Procurement Manager
Commercial Director
Supply Chain Manager
Purchasing Officer
Sales Director
Contract Manager
Business Development Manager
Operations Manager
Legal Counsel
Compliance Officer
Finance Manager
Logistics Manager
Quality Assurance Manager
Import/Export Manager
Find the exact document you need
Investment Agreement Between Individual And Individual
A Nigerian law-governed agreement establishing investment terms and conditions between two individuals, including investment amount, returns, rights, and obligations.
Download
Bike Purchase Agreement
A Nigerian law-governed agreement for the sale and purchase of a bike, outlining terms, conditions, and ownership transfer requirements.
Download
Automobile Purchase Agreement
A Nigerian law-governed agreement for the sale and purchase of an automobile, detailing vehicle specifications, price, and ownership transfer terms.
Download
Agreement Of Purchase
A Nigerian law-governed agreement that documents the terms and conditions for the sale and purchase of goods, assets, or property between parties.
Download
Vehicle Purchase Agreement Form
A Nigerian law-governed agreement that formalizes the sale and purchase of vehicles, including essential terms and conditions for ownership transfer.
Download
House Offer To Purchase
A formal offer document under Nigerian law outlining terms and conditions for purchasing residential property, including price and essential transaction details.
Download
Equity Investment Contract
A Nigerian law-governed agreement documenting terms and conditions for equity investment in a company, including share allocation, shareholder rights, and protective provisions.
Download
Letter Of Intent To Purchase Goods
A preliminary document under Nigerian law outlining the proposed terms for purchasing goods, serving as a framework for negotiating a final purchase agreement.
Download
Agreement For Advance Payment For Purchase Of Land
Nigerian law-governed agreement documenting terms and conditions for advance payment in land purchase transactions, securing parties' interests before final property transfer.
Download
Contract For Selling A Car With Payments
A Nigerian law-governed agreement for the sale of a vehicle with installment payments, detailing vehicle specifications, payment terms, and ownership transfer conditions.
Download
Agreement For Advance Payment For Purchase Of House
A Nigerian legal agreement governing advance payments for house purchases, detailing payment terms and property transfer conditions under Nigerian law.
Download
Shares Agreement
A Nigerian law-governed agreement establishing terms for share ownership, transfer, and shareholder rights within a company under CAMA 2020.
Download
Car Lease To Own Agreement
A Nigerian law-governed agreement establishing terms for vehicle lease-to-own arrangements, including payment terms and ownership transfer conditions.
Download
Equipment Purchase Contract
Nigerian law-governed agreement for equipment purchase, detailing specifications, price, warranties, and compliance requirements.
Download
Business Sale Contract
A Nigerian law-governed agreement for the sale and purchase of a business, detailing transaction terms, warranties, and completion requirements.
Download
Public Offer Agreement
A legally binding agreement governing public securities offerings in Nigeria, compliant with Nigerian securities laws and SEC regulations.
Download
Buyback Agreement
A Nigerian law-governed agreement establishing terms for repurchasing assets, securities, or goods previously sold, ensuring compliance with local regulatory requirements.
Download
Vehicle Hire Purchase Agreement
A Nigerian law-governed agreement for the purchase of vehicles through installment payments, with ownership transferring upon final payment.
Download
Lease Agreement With Option To Purchase
Nigerian law-governed agreement combining property lease terms with a purchase option, establishing rights and obligations for both rental period and potential property acquisition.
Download
Home For Sale By Owner Contract
A legal contract for direct property sale between private parties in Nigeria, compliant with Nigerian property law and the Land Use Act.
Download
Bike Hire Purchase Agreement
A Nigerian law-governed agreement for the purchase of a bike through installment payments, with ownership transferring upon final payment.
Download
Artwork Purchase Agreement
A Nigerian law-governed agreement for the sale and purchase of artwork, including authenticity, payment terms, and cultural property compliance requirements.
Download
Aircraft Sale Agreement
A Nigerian law-governed agreement for the sale and transfer of aircraft ownership, complying with NCAA regulations and civil aviation requirements.
Download
Agreement For Advance Payment For Purchase Of Goods
Nigerian law-governed agreement establishing terms for advance payment in goods purchase, including payment protection measures and delivery requirements.
Download
Personal Property Purchase Agreement
A Nigerian law-governed agreement documenting the sale and purchase of personal property, specifying terms, conditions, and parties' rights and obligations.
Download
Option To Purchase Contract
A Nigerian law-governed agreement granting exclusive rights to purchase specified property at a predetermined price within an agreed timeframe.
Download
Non Binding Letter Of Intent To Purchase Product
A non-binding document under Nigerian law expressing formal interest in purchasing specific products, outlining basic terms and conditions for potential transaction.
Download
Dealer Purchase Agreement
A Nigerian law-governed agreement establishing terms between supplier/manufacturer and dealer for product distribution and resale within specified territories.
Download
Cross Purchase Agreement
A Nigerian law-governed agreement establishing terms for business owners to purchase each other's interests upon specific triggering events.
Download
Asset Purchase Form
A standardized form for asset purchases in Nigeria, ensuring legal compliance and proper transfer of ownership between parties.
Download
Seller Financed Purchase Agreement
A Nigerian law-governed agreement where the property seller provides purchase financing to the buyer, combining sale and loan terms.
Download
Real Estate Contract Agreement
A Nigerian law-governed agreement for the sale and purchase of real estate property, ensuring compliant transfer of ownership and detailing all sale terms and conditions.
Download
Offer To Purchase And Contract
A Nigerian law-governed document combining property purchase offer and sale agreement, detailing terms and conditions for real estate transactions.
Download
Letter Of Intent To Buy A Business
A preliminary document under Nigerian law outlining the proposed terms and conditions for acquiring a business, serving as a framework for future negotiations.
Download
Letter Of Intent For Purchase Order
A preliminary document under Nigerian law that outlines the intention to enter into a formal purchase agreement, detailing key terms and conditions of the proposed transaction.
Download
High Purchase Agreement Form
A Nigerian law-governed agreement enabling purchase of goods through installments, with ownership transferring upon final payment.
Download
Basic Real Estate Contract
A standardized real estate sale agreement template compliant with Nigerian law, facilitating property transfers between parties.
Download
Commercial Property Sale Agreement
A Nigerian law-governed agreement for the sale and purchase of commercial property, ensuring legal compliance and protecting both parties' interests.
Download
Purchase Agreement For Car Loan
A Nigerian law-governed agreement combining vehicle purchase and loan financing terms, establishing rights and obligations for vehicle acquisition through financial institution funding.
Download
Car Dealer Purchase Agreement Form
A Nigerian law-governed agreement between a car dealer and purchaser for the sale and purchase of a vehicle, including key terms and conditions.
Download
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)