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1. Parties: Identifies and provides full details of the seller and buyer, including registration numbers and registered addresses
2. Background: Provides context for the transaction, including brief description of the business and purpose of the agreement
3. Definitions: Defines key terms used throughout the agreement for clarity and consistency
4. Sale and Purchase: Core terms of the transaction, including what is being sold and purchased
5. Purchase Price: Details of the purchase price, payment terms, and any adjustments
6. Conditions Precedent: Conditions that must be satisfied before completion of the sale
7. Pre-Completion Obligations: Obligations of both parties between signing and completion
8. Completion: Details of the completion process, timing, and deliverables
9. Seller's Warranties: Warranties given by the seller regarding the business
10. Buyer's Warranties: Warranties given by the buyer regarding capacity to complete the purchase
11. Limitations on Liability: Limits on the parties' liability under the warranties and indemnities
12. Post-Completion Obligations: Ongoing obligations after completion, including transition arrangements
13. Confidentiality: Provisions regarding confidential information and announcements
14. Governing Law and Dispute Resolution: Specifies Nigerian law as governing law and outlines dispute resolution procedures
1. Real Estate: Required if the business purchase includes land or buildings, addressing Land Use Act requirements
2. Intellectual Property: Required if significant IP assets are being transferred
3. Employee Matters: Required if employees are being transferred as part of the business purchase
4. Environmental Matters: Required if the business has significant environmental aspects or risks
5. Tax Covenant: Detailed tax provisions and allocations of tax liabilities
6. Non-Competition: Restrictions on seller's future competitive activities
7. Lease Assignments: Required if leased properties are part of the transaction
8. Regulatory Compliance: Required for heavily regulated industries or when specific permits/licenses are involved
1. Schedule 1 - Business Assets: Detailed list of all assets included in the sale
2. Schedule 2 - Excluded Assets: List of assets specifically excluded from the sale
3. Schedule 3 - Properties: Details of all real estate included in the sale
4. Schedule 4 - Intellectual Property: List of all IP rights being transferred
5. Schedule 5 - Employees: List of employees and their key employment terms
6. Schedule 6 - Material Contracts: List of key contracts being transferred
7. Schedule 7 - Warranties: Detailed warranties given by the seller
8. Schedule 8 - Completion Deliverables: List of documents and items to be delivered at completion
9. Appendix A - Form of Transfer Instruments: Templates for various transfer documents
10. Appendix B - Disclosure Letter: Seller's disclosures against the warranties
Manufacturing
Retail
Technology
Real Estate
Healthcare
Financial Services
Agriculture
Mining
Oil and Gas
Telecommunications
Transportation
Hospitality
Construction
Professional Services
Education
Legal
Finance
Mergers & Acquisitions
Corporate Development
Tax
Compliance
Risk Management
Human Resources
Operations
Commercial
Strategy
Business Development
Chief Executive Officer
Chief Financial Officer
General Counsel
Corporate Lawyer
Business Development Director
Mergers & Acquisitions Manager
Finance Director
Company Secretary
Risk Manager
Compliance Officer
Tax Director
Human Resources Director
Operations Director
Commercial Director
Investment Manager
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