Create a bespoke document in minutes, Â or upload and review your own.
Get your first 2 documents free
Your data doesn't train Genie's AI
You keep IP ownership of your information
Contract For Sale Of Business
"I need a Contract for Sale of Business under Nigerian law for the sale of my medium-sized manufacturing company in Lagos, with specific provisions for machinery transfer and retention of key technical staff, targeting completion by March 2025."
1. Parties: Identification of the seller and buyer, including full legal names, registration numbers, and registered addresses
2. Background: Context of the sale, brief description of the business, and purpose of the agreement
3. Definitions: Defined terms used throughout the agreement, including Business, Assets, Completion Date, Purchase Price, etc.
4. Sale and Purchase: Core agreement to sell and purchase the business, including scope of what is being transferred
5. Purchase Price: Amount payable, payment structure, adjustments, and payment mechanics
6. Conditions Precedent: Conditions that must be satisfied before completion can occur
7. Pre-Completion Obligations: Seller's obligations in running the business between exchange and completion
8. Completion: Mechanics of completion, including timing, location, and actions required
9. Seller's Warranties: Standard warranties about the business, assets, accounts, employees, and operations
10. Buyer's Warranties: Basic warranties from the buyer, including capacity to enter the agreement
11. Employees: Treatment of employees, transfer arrangements, and related obligations
12. Restrictive Covenants: Non-compete and non-solicitation provisions binding the seller
13. Confidentiality: Obligations regarding business information and agreement terms
14. Announcements: Process for making public announcements about the sale
15. Governing Law and Jurisdiction: Nigerian law as governing law and jurisdiction for disputes
1. Property Assignment: Required if the business owns rather than leases its premises
2. Intellectual Property Transfer: Detailed IP transfer provisions if the business has significant IP assets
3. Environmental Matters: Required for businesses with environmental impacts or compliance requirements
4. Data Protection: Necessary if the business handles significant personal data
5. Earn-out Provisions: Include if part of purchase price is contingent on future performance
6. Tax Covenant: Detailed tax provisions if significant tax risks or complex tax structure
7. Parent Company Guarantee: Required if buyer or seller is guaranteed by a parent company
8. Break Fee: Include if parties agree to compensation for failed completion
9. Third Party Consents: Required if key contracts or licenses need third party approval for transfer
1. Schedule 1: 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 properties owned or leased by the business
4. Schedule 4: Intellectual Property: List of all IP rights owned or used by the business
5. Schedule 5: Employee Information: Details of all employees, including terms and conditions
6. Schedule 6: Material Contracts: List and details of key business contracts
7. Schedule 7: Warranties: Detailed warranties given by the seller
8. Schedule 8: Tax Matters: Detailed tax warranties and provisions
9. Schedule 9: Completion Requirements: Detailed list of documents and actions required at completion
10. Schedule 10: Accounts: Recent financial statements and management accounts
Authors
Manufacturing
Retail
Technology
Professional Services
Healthcare
Hospitality
Construction
Agriculture
Energy
Transportation
Education
Financial Services
Real Estate
Mining
Telecommunications
Legal
Finance
Corporate Development
Human Resources
Operations
Tax
Compliance
Risk Management
Strategy
Mergers & Acquisitions
Business Development
Executive Leadership
Chief Executive Officer
Chief Financial Officer
Managing Director
Corporate Lawyer
Legal Counsel
Business Development Manager
Finance Director
Company Secretary
Tax Director
Human Resources Director
Operations Manager
Commercial Director
Risk Manager
Compliance Officer
Strategy Director
Mergers & Acquisitions Manager
Find the exact document you need
Deposit Agreement For Business Purchase
A Nigerian law-governed agreement setting out terms for a deposit payment in a business purchase transaction, including payment conditions and regulatory compliance requirements.
Company Sales Agreement
A Nigerian law-governed agreement documenting the sale and purchase of a company, including all transaction terms and regulatory compliance requirements.
Commercial Real Estate Purchase And Sale Agreement
A Nigerian law-governed agreement for the purchase and sale of commercial real estate, detailing terms, conditions, and compliance requirements for property transfer.
Business Buy And Sell Agreement
A Nigerian law-governed agreement facilitating the complete transfer of business ownership between parties, including all terms, conditions, and regulatory compliance requirements.
Commercial Property Purchase Agreement
A legally binding agreement under Nigerian law for the purchase and sale of commercial property, outlining terms, conditions, and regulatory requirements for property transfer.
Contract For Sale Of Business
A Nigerian law-governed agreement for the complete transfer of business ownership, including assets, liabilities, and operational elements from seller to buyer.
Business Sales Agreement
A Nigerian law-governed agreement establishing terms and conditions for the sale of business assets or goods between commercial entities.
Intent To Purchase Business Agreement
A Nigerian law-governed agreement expressing formal intention to purchase a business, subject to conditions and due diligence.
Company Acquisition Agreement
A Nigerian law-governed agreement documenting the terms and conditions for the purchase and sale of a company, ensuring regulatory compliance and protecting parties' interests.
Business Acquisition Letter Of Intent
A preliminary document under Nigerian law outlining the proposed terms and framework for a business acquisition transaction.
Business Acquisition Agreement
A Nigerian law-governed agreement documenting the terms and conditions for acquiring a business, including purchase terms, warranties, and regulatory compliance requirements.
Stock Purchase Letter Of Intent
A preliminary agreement under Nigerian law outlining the proposed terms and conditions for a stock purchase transaction, serving as a framework for future definitive agreements.
Acquisition Letter Of Intent
A preliminary agreement under Nigerian law outlining the proposed terms and conditions for an acquisition, serving as a framework for further negotiations and due diligence.
Download our whitepaper on the future of AI in Legal
³Ò±ð²Ô¾±±ð’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; ³Ò±ð²Ô¾±±ð’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.
Read our Privacy Policy.