Ƶ

Acquisition Agreement Template for Nigeria

Create a bespoke document in minutes, or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your document

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Acquisition Agreement

I need an acquisition agreement for the purchase of a mid-sized Nigerian tech company, ensuring compliance with local regulations, clear terms on asset transfer, and a detailed timeline for the integration process. The agreement should include provisions for employee retention, intellectual property rights, and a structured payment plan.

What is an Acquisition Agreement?

An Acquisition Agreement spells out the terms and conditions when one company buys another company or its assets in Nigeria. It covers crucial details like the purchase price, payment terms, and what's included in the sale - from physical assets to intellectual property rights and existing contracts.

Under Nigerian corporate law, these agreements must address key requirements from the Companies and Allied Matters Act (CAMA) and often need approval from bodies like the Securities and Exchange Commission. The document protects both buyers and sellers by clearly stating what happens before, during, and after the ownership transfer, including any warranties, indemnities, and post-sale obligations.

When should you use an Acquisition Agreement?

Use an Acquisition Agreement when buying or selling a business in Nigeria, especially during major corporate transactions like mergers, takeovers, or asset purchases. This agreement becomes essential once initial negotiations lead to serious purchase discussions and both parties need to document specific terms.

The timing matters most when dealing with regulated industries like banking or telecommunications, where Corporate Affairs Commission and SEC approvals may be needed. Nigerian businesses typically prepare these agreements after completing due diligence but before any money changes hands - this protects both parties and ensures compliance with CAMA requirements regarding ownership transfers and asset documentation.

What are the different types of Acquisition Agreement?

Who should typically use an Acquisition Agreement?

  • Acquiring Companies: Nigerian businesses or foreign investors seeking to purchase companies or assets, responsible for due diligence and payment obligations
  • Target Companies: Organizations being acquired, including their board of directors who must approve the sale terms
  • Corporate Lawyers: Draft and review Acquisition Agreements to ensure compliance with CAMA and protect client interests
  • Investment Bankers: Facilitate deals and negotiate key financial terms
  • Regulatory Bodies: SEC, Corporate Affairs Commission, and industry-specific regulators who must approve major acquisitions
  • Financial Advisors: Help structure deals and assess financial implications for both parties

How do you write an Acquisition Agreement?

  • Company Details: Gather corporate registration documents, shareholder information, and CAC certificates for both parties
  • Asset Information: List all properties, equipment, intellectual property, and contracts included in the deal
  • Financial Data: Compile recent financial statements, tax records, and valuation reports
  • Due Diligence: Review legal compliance, pending litigation, and existing contracts
  • Regulatory Requirements: Check SEC guidelines and industry-specific regulations that affect the transaction
  • Payment Terms: Document purchase price, payment schedule, and any earn-out provisions
  • Draft Generation: Use our platform to create a customized, legally-sound Acquisition Agreement that meets Nigerian legal requirements

What should be included in an Acquisition Agreement?

  • Party Information: Full legal names, registration numbers, and addresses of all entities involved
  • Transaction Details: Clear description of assets or shares being acquired, including price and payment terms
  • Warranties: Seller's guarantees about company status, assets, and liabilities under Nigerian law
  • Conditions Precedent: Required regulatory approvals from CAC, SEC, or industry regulators
  • Transfer Mechanics: Specific steps for ownership transfer compliant with CAMA
  • Governing Law: Statement confirming Nigerian law applies and jurisdiction for disputes
  • Representations: Each party's authority to enter the agreement and compliance with local laws
  • Indemnification: Protection against breaches and undisclosed liabilities

What's the difference between an Acquisition Agreement and an Asset Purchase Agreement?

While an Acquisition Agreement and an Asset Purchase Agreement might seem similar, they serve distinct purposes in Nigerian business transactions. The main differences lie in their scope, structure, and legal implications.

  • Scope of Transfer: Acquisition Agreements cover the complete purchase of a business entity, including shares, liabilities, and operational control. Asset Purchase Agreements focus only on specific assets, allowing buyers to cherry-pick what they want without assuming all company obligations
  • Regulatory Requirements: Acquisitions typically need broader regulatory approvals from CAC and SEC, while asset purchases may require fewer clearances
  • Due Diligence Depth: Acquisition Agreements demand more extensive due diligence covering the entire business operation, while asset purchases focus on verifying specific item ownership and condition
  • Risk Profile: Acquisitions transfer most business risks to the buyer, whereas asset purchases limit exposure to just the purchased items

Get our Nigeria-compliant Acquisition Agreement:

Access for Free Now
*No sign-up required
4.6 / 5
4.8 / 5

Find the exact document you need

Property Purchase Letter Of Intent

A preliminary document under Nigerian law expressing intent to purchase property and outlining key terms and conditions for the proposed transaction.

find out more

Merger And Acquisition Agreement

A Nigerian law-governed agreement that sets out the terms and conditions for a corporate merger or acquisition, ensuring regulatory compliance and protecting parties' interests.

find out more

Land Acquisition Agreement

A Nigerian law-governed agreement for transferring land ownership rights, complying with the Land Use Act and state regulations.

find out more

Company Merger Contract

A Nigerian law-governed agreement facilitating the merger of two or more companies, outlining terms, conditions, and regulatory compliance requirements.

find out more

Company Acquisition Contract

A legally binding agreement under Nigerian law that governs the sale and purchase of a company, detailing all terms, conditions, and obligations of the acquisition transaction.

find out more

Asset Acquisition Agreement

A Nigerian law-governed agreement facilitating the transfer of assets between parties, detailing terms, conditions, and regulatory compliance requirements.

find out more

Acquisition Purchase Agreement

A Nigerian law-governed agreement detailing the terms and conditions for the purchase and sale of a business or its assets.

find out more

Stock For Stock Merger Agreement

A Nigerian law-governed agreement detailing the combination of two companies through share exchange, specifying terms, conditions, and regulatory compliance requirements.

find out more

Simple Merger Agreement

A fundamental agreement under Nigerian law governing the combination of two companies into a single entity, outlining key merger terms and conditions.

find out more

Merger And Acquisition Term Sheet

A preliminary agreement under Nigerian law outlining key terms and conditions for a proposed merger or acquisition transaction, serving as a foundation for detailed definitive agreements.

find out more

Letter Of Intent To Purchase Business

A preliminary document under Nigerian law outlining the proposed terms and conditions for acquiring a business, serving as a framework for negotiations and due diligence.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

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

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our for more details and real-time security updates.