Co Ownership Business Agreement Template for Nigeria

1. Non-Compete Clause: Restrictions on co-owners competing with the business

2. Intellectual Property Rights: Ownership and use of intellectual property

3. Death or Incapacity: Procedures in case of death or incapacity of a co-owner

4. Insurance Requirements: Mandatory insurance coverage for the business

5. Environmental Compliance: Environmental obligations and compliance requirements

6. Employee Management: Procedures for hiring, firing, and managing employees

7. Foreign Investment Provisions: Special provisions if any co-owner is a foreign investor

8. Digital Assets Management: Ownership and management of digital assets and online presence

1. Schedule 1: Business Plan: Detailed business plan including objectives and strategies

2. Schedule 2: Asset Register: List of all business assets and their ownership status

3. Schedule 3: Initial Capital Contributions: Detailed breakdown of each owner's initial contribution

4. Schedule 4: Management Structure: Organizational chart and management responsibilities

5. Schedule 5: Bank Account Details: Details of business bank accounts and authorized signatories

6. Appendix A: Valuation Method: Agreed method for valuing business interests

7. Appendix B: Required Consents: List of necessary regulatory approvals and licenses

8. Appendix C: Form of Transfer Notice: Template for notice of transfer of ownership interest