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1. Parties: Identification and details of the seller and buyer, including registration numbers and addresses
2. Background: Context of the sale, brief description of the business, and purpose of the agreement
3. Definitions: Detailed definitions of terms used throughout the agreement
4. Sale and Purchase: Core terms of the business sale, including what is being sold and purchase price
5. Purchase Price and Payment: Detailed payment terms, including payment method, installments if any, and adjustments
6. Conditions Precedent: Conditions that must be satisfied before completion of the sale
7. Pre-Completion Obligations: Seller's obligations in running the business before completion
8. Completion: Details of the completion process, timing, and deliverables
9. Seller's Warranties: Warranties regarding the business, assets, employees, and liabilities
10. Buyer's Warranties: Warranties from the buyer regarding authority and ability to complete the purchase
11. Indemnities: Protection against specific identified risks and liabilities
12. Restrictive Covenants: Non-compete and non-solicitation provisions
13. Confidentiality: Obligations regarding confidential information
14. Employees: Treatment of employees and associated liabilities
15. Tax Matters: Tax-related provisions and allocations of tax liabilities
16. Governing Law and Jurisdiction: Nigerian law as governing law and jurisdiction for disputes
17. General Provisions: Standard boilerplate clauses including notices, amendments, and entire agreement
1. Intellectual Property: Required when the business has significant IP assets to be transferred
2. Property Matters: Needed when real property forms part of the sale
3. Environmental Matters: Required for businesses with environmental impacts or liabilities
4. Data Protection: Necessary when the business handles significant personal data
5. Regulatory Compliance: Required for heavily regulated industries
6. Foreign Investment Provisions: Needed when the buyer is a foreign entity
7. Earn-out Provisions: Used when part of the purchase price is contingent on future performance
8. Post-Completion Services: Required when the seller will provide transition services
9. Brand License: Needed when the seller retains brand ownership but grants usage rights
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 property involved in the sale
4. Schedule 4 - Intellectual Property: List of all IP rights being transferred
5. Schedule 5 - Employee Information: Details of all employees and their terms of employment
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 all documents and items to be delivered at completion
9. Schedule 9 - Permitted Encumbrances: List of permitted liens or encumbrances on assets
10. Appendix A - Completion Accounts: Pro forma completion accounts and adjustment mechanisms
11. Appendix B - Tax Covenant: Detailed tax-related provisions and indemnities
Accounts Date
Affiliate
Agreement
Assets
Business
Business Day
Business Information
Business Records
CAMA
CAC
Claim
Completion
Completion Date
Completion Payment
Confidential Information
Consideration
Contract
Control
Data Protection Laws
Disclosed
Disclosure Letter
Effective Date
Employees
Encumbrance
Environmental Laws
Excluded Assets
FCCPC
Financial Statements
Governmental Authority
Group
Guarantor
Intellectual Property Rights
Inventory
Key Employees
Liabilities
License
Long Stop Date
Management Accounts
Material Adverse Change
Material Contracts
NIPC
Naira
Parties
Permits
Properties
Purchase Price
Purchaser
Related Party
Relevant Authority
Representatives
Seller
Seller's Group
Seller's Solicitors
Seller's Warranties
Shares
Subsidiary
Tax
Tax Authority
Tax Covenant
Third Party
Transaction
Transaction Documents
Transfer
VAT
Warranties
Working Capital
Purchase Price
Payment Terms
Conditions Precedent
Pre-Completion Obligations
Completion
Post-Completion Obligations
Assets Transfer
Liabilities Assumption
Employees and Employment
Tax Matters
Warranties
Indemnification
Restrictive Covenants
Non-Competition
Non-Solicitation
Confidentiality
Intellectual Property
Property Rights
Environmental Matters
Regulatory Compliance
Data Protection
Force Majeure
Assignment
Termination
Dispute Resolution
Governing Law
Jurisdiction
Notices
Costs and Expenses
Entire Agreement
Severability
Third Party Rights
Amendments
Waiver
Further Assurance
Counterparts
Good Faith
Time of Essence
Survival
Announcements
Business Records
Insurance
Bank Accounts
Material Contracts
Change of Control
Foreign Investment
Competition Law
Anti-Corruption
Money Laundering
Manufacturing
Retail
Technology
Healthcare
Real Estate
Hospitality
Financial Services
Professional Services
Agriculture
Construction
Energy
Mining
Transportation
Education
Telecommunications
Legal
Finance
Corporate Development
Mergers & Acquisitions
Executive Leadership
Tax
Compliance
Risk Management
Operations
Business Development
Corporate Secretariat
Chief Executive Officer
Managing Director
Chief Financial Officer
General Counsel
Legal Director
Corporate Lawyer
Business Development Director
Mergers & Acquisitions Manager
Company Secretary
Finance Director
Commercial Director
Operations Director
Tax Manager
Risk Manager
Compliance Officer
Business Owner
Investment Manager
Corporate Finance Manager
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