Pre Partnership Agreement for Nigeria

Pre Partnership Agreement Template for Nigeria

A Pre Partnership Agreement under Nigerian law serves as a preliminary contract between potential business partners, establishing the framework for their intended partnership before entering into a formal Partnership Agreement. This document outlines key terms including proposed ownership structure, capital contributions, management responsibilities, and timeline for partnership formation, while ensuring compliance with Nigerian Partnership Act 1890 and CAMA 2020. It provides legal protection during the negotiation phase and includes confidentiality provisions, exclusivity terms, and due diligence requirements, creating a clear roadmap for the establishment of the final partnership.

Your data doesn't train Genie's AI

You keep IP ownership of your information

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Download a Standard Template

4.6 / 5
4.8 / 5
Access for free
OR

Alternatively: Run an advanced review of an existing
Pre Partnership Agreement

Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
Upload your Doc

What is a Pre Partnership Agreement?

The Pre Partnership Agreement is a crucial preliminary document used in Nigerian business transactions when two or more parties are considering forming a business partnership but wish to formalize their intentions and negotiations before establishing a final partnership. This document serves multiple purposes: it protects parties during the negotiation phase, establishes clear parameters for due diligence, and outlines key commercial terms that will form the basis of the final partnership. Subject to Nigerian law, particularly the Partnership Act 1890 and CAMA 2020, this agreement typically includes provisions for confidentiality, exclusivity, and the proposed structure of the partnership. It's particularly valuable when significant due diligence is required, when parties need to secure financing or regulatory approvals, or when complex negotiations are anticipated before finalizing the partnership arrangement.

What sections should be included in a Pre Partnership Agreement?

1. Parties: Identification of all potential partners, including full legal names and addresses

2. Background: Context of the proposed partnership and the purpose of this pre-partnership agreement

3. Definitions: Key terms used throughout the agreement

4. Purpose and Scope: Outlined objectives of the proposed partnership and its intended business activities

5. Due Diligence: Framework for the exchange and review of business information between parties

6. Proposed Partnership Structure: Preliminary agreement on ownership percentages, capital contributions, and management structure

7. Timeline: Proposed schedule for partnership formation and key milestones

8. Confidentiality: Obligations regarding the protection of shared confidential information

9. Exclusivity: Agreement not to negotiate with other potential partners during the specified period

10. Costs and Expenses: How pre-partnership expenses will be handled and allocated

11. Term and Termination: Duration of the pre-partnership agreement and circumstances for early termination

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

13. Entire Agreement: Confirmation that this document represents the entire understanding between parties

What sections are optional to include in a Pre Partnership Agreement?

1. Regulatory Approvals: Required when the proposed partnership needs specific regulatory clearances or licenses

2. Intellectual Property: Needed when IP rights are to be contributed to the partnership or shared during the pre-partnership phase

3. Employee Matters: Required when staff transfers or employment issues need to be addressed in the future partnership

4. Property and Assets: Necessary when specific assets or property will be transferred to the partnership

5. Non-Competition: Added when parties need to agree not to compete with the proposed partnership

6. Foreign Investment Provisions: Required when one or more partners are foreign entities

7. Break Fee: Optional clause specifying compensation if one party backs out without justified cause

What schedules should be included in a Pre Partnership Agreement?

1. Schedule 1 - Business Plan: Preliminary business plan and strategic objectives

2. Schedule 2 - Capital Contributions: Detailed breakdown of proposed capital contributions from each party

3. Schedule 3 - Due Diligence Requirements: List of documents and information required for due diligence

4. Schedule 4 - Timeline and Milestones: Detailed timeline for partnership formation process

5. Schedule 5 - Required Approvals: List of regulatory and third-party approvals needed

6. Appendix A - Draft Partnership Agreement Terms: Key terms to be included in the final partnership agreement

7. Appendix B - Assets Schedule: List of assets to be contributed by each party to the partnership

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Nigeria

Publisher

Genie AI

Cost

Free to use
Relevant legal definitions
Clauses
Relevant Industries

Professional Services

Manufacturing

Technology

Retail

Real Estate

Agriculture

Financial Services

Healthcare

Education

Construction

Energy

Telecommunications

Mining

Transportation

Hospitality

Relevant Teams

Legal

Corporate Development

Finance

Business Development

Executive Leadership

Operations

Risk and Compliance

Commercial

Strategy

Corporate Secretariat

Relevant Roles

Chief Executive Officer

Managing Director

Business Development Manager

Legal Counsel

Corporate Lawyer

Chief Financial Officer

Investment Manager

Partnership Manager

Business Owner

Entrepreneur

Commercial Director

Operations Director

Company Secretary

Risk Manager

Compliance Officer

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Deed Of Dissolution Of Partnership Firm

A formal legal document under Nigerian law that terminates a partnership arrangement and sets out terms for winding up the partnership's affairs.

find out more

Partnership Agreement Letter

A legally binding document under Nigerian law that establishes and governs business partnerships, outlining key terms and responsibilities between partners.

find out more

Term Sheet Partnership Agreement

A Nigerian law-governed preliminary agreement outlining key terms and conditions for a proposed partnership arrangement, serving as a basis for final documentation.

find out more

Private Limited Company Partnership Agreement

A Nigerian law-governed agreement establishing partnership terms and conditions for shareholders in a private limited company.

find out more

Partnership Agreement For Hotel Business

A Nigerian law-governed agreement establishing a partnership structure for hotel business operations, defining partners' rights, responsibilities, and operational framework.

find out more

Ending Partnership Agreement

A legal agreement for dissolving a business partnership under Nigerian law, detailing terms of separation and asset distribution.

find out more

Technology Partner Agreement

A Nigerian law-governed agreement establishing terms and conditions for technology partnerships, ensuring compliance with local technology and data protection regulations.

find out more

Precedent Partnership Agreement

A Nigerian law-governed agreement establishing the terms and conditions for business partnerships, including partner rights, obligations, and operational framework.

find out more

Reseller Partnership Agreement

A Nigerian law-governed agreement establishing terms and conditions between a supplier/manufacturer and reseller for product distribution and sales.

find out more

Contract For LLC Partnership

Nigerian law-compliant agreement establishing an LLC Partnership structure, defining partner rights and obligations under CAMA 2020.

find out more

Joint Venture Partnership Agreement

A Nigerian law-governed agreement establishing a joint venture partnership, defining business collaboration terms and partner obligations.

find out more

Reseller Agreement For Software Products

Nigerian-law governed agreement authorizing a reseller to distribute and sell specified software products within Nigeria, subject to defined terms and local regulations.

find out more

Deed Of Partnership Between Two Partners

A legally binding partnership agreement between two partners under Nigerian law, establishing the terms and conditions for their business relationship.

find out more

Business Alliance Agreement

A Nigerian law-governed agreement establishing a strategic business relationship between parties, defining their alliance terms, responsibilities, and mutual obligations.

find out more

Distributorship Contract

A Nigerian law-governed agreement establishing terms and conditions for product distribution relationships between suppliers and distributors in Nigerian territory.

find out more

Land Partnership Agreement

A Nigerian law-governed agreement establishing partnership arrangements for land ownership, development, or utilization, incorporating Land Use Act requirements and partnership provisions.

find out more

Joint Venture Proposal

A Nigerian law-governed proposal document outlining the framework and terms for establishing a joint venture between multiple parties, including structure, contributions, and operational arrangements.

find out more

Partnership Deed

A legal agreement under Nigerian law establishing and regulating a business partnership, detailing partners' rights, responsibilities, and operational framework.

find out more

Silent Partner Contract

A Nigerian law-governed agreement establishing terms between active business partners and a silent investor, detailing investment, profit sharing, and liability limitations.

find out more

Partnership Agreement For Restaurant Business

A Nigerian law-governed agreement establishing a partnership structure for restaurant business operations, defining partner rights, responsibilities, and operational framework.

find out more

Memorandum Of Understanding For Business Partnership

A preliminary partnership framework document under Nigerian law that outlines proposed terms and conditions for business collaboration between parties.

find out more

Limited Partnership Contract

A Nigerian law-governed agreement establishing a limited partnership structure, defining roles, responsibilities, and relationships between general and limited partners.

find out more

Venture Partner Agreement

A Nigerian law-governed agreement establishing the relationship and terms between a venture capital firm and a venture partner, including roles, responsibilities, and compensation arrangements.

find out more

Temporary Partnership Agreement

A Nigerian law-governed agreement establishing a temporary partnership between parties for a specific duration or project, outlining key terms and responsibilities.

find out more

Technical Partnership Agreement

A Nigerian law-governed agreement establishing technical collaboration between parties, ensuring compliance with NOTAP requirements and local content laws.

find out more

Strategic Alliance Partnership Agreement

A Nigerian law-governed agreement establishing a strategic partnership between independent entities, defining their collaboration terms and mutual obligations.

find out more

Startup Partnership Agreement

A Nigerian law-governed agreement establishing the terms and conditions of a startup partnership, including ownership, management, and operational provisions.

find out more

Software Partnership Agreement

A Nigerian law-governed agreement establishing partnership terms for software development and distribution, including IP rights, profit sharing, and operational responsibilities.

find out more

Shareholders Agreement Joint Venture

A Nigerian law-governed agreement establishing terms and conditions between joint venture shareholders, including governance, rights, and obligations under CAMA 2020.

find out more

Service Partner Agreement

A Nigerian law-governed agreement establishing terms and conditions between a company and its service partner for the provision of specific services.

find out more

Revenue Share Partnership Agreement

A Nigerian law-governed agreement establishing a partnership arrangement with revenue sharing terms between multiple parties.

find out more

Restaurant Profit Sharing Agreement

A Nigerian law-governed agreement establishing profit-sharing arrangements between parties in a restaurant business, including calculation methods and distribution terms.

find out more

Salaried Partner Agreement

A Nigerian law-governed agreement establishing terms and conditions for appointment of a salaried partner in a professional services firm.

find out more

Real Estate Limited Partnership Agreement

A Nigerian law-governed agreement establishing a limited partnership structure for real estate investment, defining partner relationships, capital contributions, and management rights.

find out more

Real Estate Joint Venture Agreement

A comprehensive agreement establishing a real estate joint venture in Nigeria, outlining parties' rights, obligations, and profit-sharing arrangements under Nigerian law.

find out more

Property Partnership Agreement

A Nigerian law-governed agreement establishing partnership arrangements for property ownership, development, or management, detailing partners' rights, responsibilities, and operational framework.

find out more

Profit Sharing Agreement In Business Partnership

A Nigerian law-governed agreement establishing profit sharing terms and conditions between business partners, including distribution mechanisms and partner obligations.

find out more

Profit And Loss Partnership Agreement

A Nigerian law-governed agreement establishing a partnership between parties, defining profit-sharing, management, and operational terms.

find out more

Product Partnership Agreement

A Nigerian law-governed agreement establishing terms and conditions for product-based partnerships between organizations, including commercial and operational frameworks.

find out more

Preferred Partner Agreement

A Nigerian law-governed agreement establishing a preferential business relationship between parties, defining terms of partnership and commercial arrangements.

find out more
See more related templates

Genie’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; Genie’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

We are ISO27001 certified, so your data is secure

Organizational security:

You retain IP ownership of your documents and their information

You have full control over your data and who gets to see it

2 Docs LeftAccess Now