Document background
The Shareholders Agreement Transfer Of Shares is a crucial document used in Nigerian corporate transactions when existing shareholders wish to transfer their shareholding to other parties, whether existing shareholders or new investors. This agreement is essential for companies operating under Nigerian law, particularly in compliance with the Companies and Allied Matters Act (CAMA) 2020. It serves multiple purposes including documenting the terms of the transfer, protecting both parties' interests, ensuring regulatory compliance, and maintaining clear corporate records. The agreement becomes particularly important in situations involving significant ownership changes, foreign investment, or when specific conditions need to be attached to the share transfer. It must address various aspects including share valuation, payment terms, warranties, and regulatory requirements, while also considering tax implications and corporate governance issues.
