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1. Parties: Identification and details of the seller and buyer, including registration details if companies
2. Background: Context of the sale, brief description of the assets, and purpose of the agreement
3. Definitions: Definitions of key terms used throughout the agreement
4. Sale and Purchase: Core provision detailing the transfer of assets and consideration
5. Purchase Price: Details of the purchase price, payment terms, and payment method
6. Completion: Timing and mechanics of the completion of the sale
7. Seller's Warranties: Warranties regarding ownership, condition, and encumbrances of the assets
8. Title and Risk: Provisions regarding transfer of title and risk in the assets
9. Delivery: Terms for delivery or collection of the assets
10. Stamp Duty and Registration: Provisions for compliance with Nigerian stamp duty and registration requirements
11. Governing Law and Jurisdiction: Specification of Nigerian law as governing law and jurisdiction
12. Execution: Formal execution block complying with Nigerian requirements
1. Tax Matters: Include when specific tax implications need to be addressed, particularly for high-value assets
2. Environmental Matters: Required when the assets might have environmental implications or liabilities
3. Intellectual Property Rights: Include when the assets include or involve intellectual property
4. Employee Matters: Necessary when the assets are part of a business with employee implications
5. Confidentiality: Include for transactions involving sensitive commercial information
6. Force Majeure: Optional clause for protection against unforeseen circumstances
7. Anti-corruption Compliance: Important for high-value transactions or when dealing with regulated entities
8. Third Party Consents: Include when the transfer requires approval from other parties
9. Post-Completion Obligations: Include when there are continuing obligations after completion
1. Asset Schedule: Detailed description and inventory of all assets being sold
2. Purchase Price Calculation: Breakdown of the purchase price if complex pricing mechanism
3. Form of Transfer Documents: Templates of additional transfer documents required
4. Encumbrances: List of any existing encumbrances on the assets
5. Required Consents: List of third-party consents required for the transfer
6. Completion Deliverables: List of documents and items to be delivered at completion
7. Existing Contracts: Details of any contracts associated with the assets
8. Technical Specifications: Technical details of the assets where relevant
Assets
Business Day
Completion
Completion Date
Consideration
Deposit
Encumbrance
Execution Date
Governmental Authority
Intellectual Property Rights
Law
Liabilities
Losses
Material Adverse Effect
Naira
Party/Parties
Payment Terms
Permitted Encumbrances
Purchase Price
Representatives
Sale Assets
Seller's Warranties
Stamp Duty
Tax
Third Party Claims
Title Documents
Transaction
Transfer Documents
VAT
Warranties
Purchase Price
Payment Terms
Warranties
Title Transfer
Delivery
Asset Condition
Due Diligence
Representations
Encumbrances
Completion
Risk and Insurance
Confidentiality
Force Majeure
Stamp Duty
Registration Requirements
Tax Matters
Notices
Assignment
Severability
Entire Agreement
Further Assurance
Costs and Expenses
Governing Law
Dispute Resolution
Third Party Rights
Amendments
Counterparts
Indemnification
Termination
Manufacturing
Agriculture
Transportation
Construction
Mining
Oil and Gas
Real Estate
Retail
Automotive
Industrial Equipment
Technology Hardware
Telecommunications
Healthcare
Hospitality
Aviation
Maritime
Legal
Finance
Procurement
Operations
Commercial
Risk and Compliance
Asset Management
Business Development
Property Management
Corporate Services
Investment
Chief Executive Officer
Chief Financial Officer
Commercial Director
Procurement Manager
Asset Manager
Legal Counsel
Contract Manager
Business Development Manager
Operations Director
Finance Manager
Risk Manager
Compliance Officer
Property Manager
Fleet Manager
Equipment Manager
Investment Manager
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