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The Short Form Of Contract is designed to meet the needs of businesses and individuals operating in Nigeria who require a legally sound but straightforward contractual agreement. This document type is particularly valuable when parties need to formalize their business relationship without the complexity and expense of a full-length contract. It incorporates essential elements required under Nigerian law while maintaining accessibility and ease of use. The contract is most commonly used for service agreements, basic supply arrangements, consultancy work, and other commercial relationships where the scope and risks are well-defined and relatively straightforward. While comprehensive enough to provide legal protection, its simplified structure makes it particularly suitable for small to medium-sized transactions where the parties prefer clarity and efficiency over extensive legal provisions.

1. Parties: Identification and details of the contracting parties

2. Background: Brief context and purpose of the agreement

3. Definitions: Key terms used in the agreement, kept minimal for a short form contract

4. Scope of Work/Services: Clear description of what is being provided or performed

5. Payment Terms: Amount, method, and timing of payments

6. Duration: Contract term, commencement, and termination dates

7. Obligations: Key responsibilities of each party

8. Termination: Basic termination rights and process

9. Governing Law: Specification of Nigerian law as governing law

10. Signature Block: Execution section for parties to sign