Business Sales Agreement Form Template for Nigeria

1. Parties: Identification and details of the seller and buyer, including registration numbers and addresses

2. Background: Context of the business sale transaction and relationship between the parties

3. Definitions: Detailed definitions of key terms used throughout the agreement

4. Sale and Purchase: Core terms of the sale including description of business/goods being sold

5. Purchase Price: Detailed breakdown of the purchase price, payment terms, and payment schedule

6. Conditions Precedent: Conditions that must be met before the agreement becomes effective

7. Completion: Details of when and how the sale will be completed

8. Seller's Warranties: Warranties and representations made by the seller regarding the business/goods

9. Buyer's Warranties: Warranties and representations made by the buyer

10. Limitations of Liability: Limits on parties' liabilities and exclusions

11. Confidentiality: Obligations regarding confidential information

12. Governing Law and Jurisdiction: Specification of Nigerian law as governing law and jurisdiction details

13. Dispute Resolution: Process for resolving disputes between parties

14. General Provisions: Standard boilerplate clauses including notices, amendments, and severability

1. Schedule 1 - Asset List: Detailed inventory of all assets included in the sale

2. Schedule 2 - Excluded Assets: List of assets specifically excluded from the sale

3. Schedule 3 - Purchase Price Calculation: Detailed breakdown of how the purchase price was calculated

4. Schedule 4 - Completion Requirements: Checklist of documents and actions required for completion

5. Schedule 5 - Warranties: Detailed warranties given by the seller

6. Schedule 6 - Existing Contracts: List of contracts being transferred as part of the sale

7. Appendix A - Due Diligence Reports: Summary of due diligence findings

8. Appendix B - Required Consents: List of third-party consents required for the sale