The Limited Partnership Term Sheet is a crucial preliminary document used in the Nigerian business environment when parties are negotiating the establishment of a limited partnership structure. It serves as a roadmap for the more detailed partnership agreement that will follow, capturing essential terms such as capital commitments, management rights, economic provisions, and exit mechanisms. This document is particularly important in the Nigerian context as it must align with both federal regulations (such as CAMA 2020) and state-specific partnership laws. While mostly non-binding, except for specific provisions like confidentiality, the term sheet helps parties reach alignment on key commercial and legal terms before incurring the costs of full documentation. It's commonly used in investment scenarios where one party (the General Partner) will manage the partnership while other parties (Limited Partners) primarily provide capital.
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 proposed General Partner(s) and Limited Partner(s), including their full legal names and addresses
2. Background: Brief context of the proposed partnership arrangement and purpose of the term sheet
3. Definitions: Key terms used throughout the term sheet
4. Partnership Structure: Legal form of the partnership, jurisdiction, and proposed term
5. Capital Contributions: Proposed initial and subsequent capital contributions from each partner, timing, and form of contributions
6. Management Rights: Management structure, roles of General Partner(s), and any management participation rights of Limited Partners
7. Economic Terms: Profit sharing, loss allocation, distribution waterfall, and carried interest arrangements
8. Transfer Restrictions: Limitations on transfer of partnership interests and any required approvals
9. Exit Provisions: Proposed terms for partnership dissolution, withdrawal rights, and exit mechanisms
10. Expenses and Fees: Management fees, partnership expenses, and cost allocation
11. Confidentiality: Confidentiality obligations regarding the term sheet and partnership information
12. Non-Binding Nature: Statement clarifying which provisions are binding and non-binding
13. Governing Law: Specification of Nigerian law and relevant state jurisdiction
1. Key Performance Indicators: Specific performance metrics and targets, included when the partnership has defined business objectives
2. Industry-Specific Provisions: Special terms related to specific industry requirements or regulations
3. Co-Investment Rights: Terms for co-investment opportunities, included when partners may have rights to participate in future investments
4. Environmental and Social Responsibility: Included when the partnership has specific ESG commitments or requirements
5. Technology Rights: Intellectual property and technology arrangements, included for partnerships involving tech assets
6. Regulatory Approvals: Required when the partnership needs specific regulatory clearances
7. Local Content Requirements: Included when the partnership must comply with Nigerian local content laws
8. Foreign Exchange Provisions: Included when foreign partners or cross-border transactions are involved
1. Capital Commitments Schedule: Detailed breakdown of proposed capital commitments from each partner
2. Distribution Waterfall Example: Illustrative example of how distributions would work under different scenarios
3. Key Management Personnel: List of key management team members and their roles
4. Investment Guidelines: Proposed investment criteria and restrictions
5. Valuation Methodology: Outline of proposed methods for valuing partnership assets
Relevant legal definitions
Clauses
Relevant Industries
Private Equity
Venture Capital
Real Estate Development
Infrastructure
Oil and Gas
Agriculture
Manufacturing
Technology and Innovation
Healthcare
Financial Services
Renewable Energy
Mining and Natural Resources
Relevant Teams
Legal
Finance
Investment
Corporate Development
Tax
Compliance
Risk Management
Business Development
Corporate Secretary
Treasury
Relevant Roles
Chief Executive Officer
Chief Financial Officer
Investment Director
Managing Partner
Legal Counsel
Investment Manager
Fund Manager
Corporate Development Manager
Tax Director
Compliance Officer
Risk Manager
Business Development Director
Partnership Manager
Senior Investment Analyst
General Counsel
Find the exact document you need
Managed Account Agreement
A Nigerian law-governed agreement establishing terms for discretionary investment management services between an investment manager and client.
Download
Share Partner Agreement
A Nigerian law-governed agreement establishing terms and conditions between business partners regarding share ownership, management rights, and partnership obligations.
Download
Capital Raising Agreement
A Nigerian law-governed agreement establishing terms and conditions for corporate capital raising, ensuring compliance with local securities regulations and corporate laws.
Download
Term Sheet For Share Purchase Agreement
A preliminary agreement under Nigerian law outlining key terms and conditions for a proposed share acquisition, serving as the basis for a detailed Share Purchase Agreement.
Download
Stock Broker Agreement
A Nigerian law-governed agreement between a licensed stockbroker and client establishing terms for securities trading and investment services.
Download
Short Term Investment Contract
A Nigerian law-governed contract for short-term investments, establishing terms between investors and investment managers while ensuring regulatory compliance.
Download
Share Trust Agreement
A Nigerian law-governed agreement establishing a trust arrangement for holding and managing shares, defining trustee powers and beneficiary rights.
Download
Bilateral Investment Agreement
A Nigerian law-governed agreement establishing investment protection and operational frameworks between Nigeria and foreign investors or governments.
Download
Shareholders Agreement And Share Subscription Agreement
A Nigerian law-governed agreement combining share subscription terms and shareholders' rights and obligations under CAMA 2020.
Download
Purchase Of Shares Agreement
A Nigerian law-governed agreement detailing the terms and conditions for the sale and purchase of company shares, including transaction specifics and regulatory compliance requirements.
Download
Startup Investment Term Sheet
A Nigerian law-governed preliminary agreement outlining key terms and conditions for startup investment, serving as the basis for final investment documentation.
Download
Share Allotment Agreement
A Nigerian law-governed agreement that documents the terms and conditions for the issuance of new shares by a company to subscribers, in compliance with CAMA 2020.
Download
Preference Share Subscription Agreement
A Nigerian law-governed agreement detailing the terms and conditions for investors subscribing to preference shares in a company, including associated rights and obligations.
Download
Loss Share Agreement
A Nigerian law-governed agreement establishing risk-sharing arrangements between financial institutions for sharing losses on specified assets, subject to local banking regulations.
Download
Investment Syndicate Agreement
A Nigerian law-governed agreement establishing an investment syndicate structure, defining investor relationships and operational framework for collective investments.
Download
Investment Owners Contract
A Nigerian law-governed agreement establishing investment ownership rights, obligations, and governance structures between investors and investment owners.
Download
International Investment Agreement
A Nigerian law-governed agreement establishing terms and protections for foreign investment in Nigeria, ensuring compliance with local regulations while safeguarding investor interests.
Download
Agreement For Transfer Of Shares
A Nigerian law-governed agreement for the transfer of company shares from a seller to a buyer, compliant with CAMA 2020.
Download
Movie Investment Contract
Nigerian-law governed agreement establishing terms for film production investment, including investment structure, rights, and revenue sharing arrangements in compliance with local entertainment and investment regulations.
Download
Preference Shares Investment Agreement
A Nigerian law-governed agreement setting out terms for preference share investment, including share rights, investment conditions, and investor protections under CAMA 2020.
Download
Wholesale Real Estate Purchase Agreement
A Nigerian law-governed agreement for wholesale real estate acquisition and subsequent assignment, incorporating Land Use Act requirements and assignment rights.
Download
Stock Purchase Agreement Term Sheet
A preliminary agreement outlining key terms and conditions for share purchase transactions under Nigerian law, serving as a foundation for the definitive stock purchase agreement.
Download
Equity Shares Agreement
A Nigerian law-governed agreement that documents the transfer of equity shares between parties, establishing ownership terms and shareholder rights.
Download
Designated Investment Agreement
A Nigerian law-governed agreement establishing framework and protections for significant investments in Nigeria, including investor rights and regulatory compliance requirements.
Download
Revenue Sharing Investment Agreement
A Nigerian law-governed agreement establishing terms for investment returns through revenue sharing mechanisms, including investment terms, calculation methods, and compliance requirements.
Download
Artist Investment Agreement
A Nigerian law-governed agreement establishing terms for investment in an artist's work or career, including revenue sharing and rights management.
Download
Simple Agreement For Future Equity
A Nigerian law-governed SAFE agreement for early-stage startup investment, providing rights to future equity conversion.
Download
Share Subscription Agreement And Share Purchase Agreement
A Nigerian law-governed agreement combining share subscription for new shares and purchase of existing shares, facilitating both primary and secondary investment transactions.
Download
Limited Partnership Term Sheet
A preliminary document under Nigerian law outlining key terms and conditions for establishing a limited partnership, serving as the basis for final partnership agreement negotiations.
Download
Finder's Fee Agreement For Investment Capital
A Nigerian law-governed agreement establishing terms for an intermediary to secure investment capital for a company, including fee structures and service scope.
Download
Restaurant Investment Agreement
A Nigerian law-governed agreement structuring investment terms and operational framework for restaurant businesses.
Download
Real Estate Investment Partnership Agreement
A Nigerian law-governed agreement establishing a partnership structure for real estate investment, defining terms for resource pooling, property management, and profit sharing.
Download
Debt Investment Agreement
A Nigerian law-governed agreement establishing terms for debt investment, including investment amount, interest rates, repayment terms, and security arrangements.
Download
Cornerstone Investment Agreement
A Nigerian law-governed agreement establishing terms for a strategic cornerstone investment in a company, including investment terms, rights, and obligations.
Download
Bond Repurchase Agreement
A Nigerian law-governed agreement establishing terms for the sale and repurchase of bonds between financial institutions, compliant with CBN and SEC regulations.
Download
Share Purchase Agreement And Shareholders Agreement
A Nigerian law-governed agreement combining share purchase terms and ongoing shareholder relationships, including share transfer provisions and corporate governance arrangements.
Download
Foreign Investment Agreement
A Nigerian law-governed agreement establishing terms and conditions for foreign investment in Nigeria, ensuring compliance with NIPC Act requirements.
Download
Equity Stake Agreement
A Nigerian law-governed agreement documenting the terms and conditions of an equity investment, including share transfer mechanics and shareholder rights.
Download
Property Investment Contract
A Nigerian law-governed agreement establishing terms and conditions for property investment transactions, including investment structure, property rights, and regulatory compliance requirements.
Download
Partnership Agreement On Investment And Financial Cooperation
A Nigerian law-governed agreement establishing terms for investment partnership and financial cooperation between parties, including capital contributions, profit sharing, and management rights.
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)