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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
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
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
Business Day
Business Plan
Capital Contribution
Commencement Date
Conditions Precedent
Confidential Information
Due Diligence Period
Effective Date
Exclusivity Period
Final Partnership Agreement
Intellectual Property Rights
Long Stop Date
Material Adverse Change
Negotiation Period
Parties
Partnership Business
Preliminary Capital
Proposed Partnership
Regulatory Approvals
Representatives
Target Completion Date
Term
Territory
Third Party
Transaction Documents
Working Hours
Completion
Proposed Partners
Business Assets
Partnership Interest
Profit Share
Due Diligence Information
Permitted Purpose
Binding Provisions
Non-Binding Provisions
Professional Advisers
Signing Date
Definitions
Due Diligence
Confidentiality
Exclusivity
Non-Binding Terms
Binding Terms
Proposed Partnership Structure
Capital Contributions
Management Rights
Decision Making
Business Plan
Timeline
Conditions Precedent
Regulatory Compliance
Non-Competition
Non-Solicitation
Intellectual Property
Costs and Expenses
Term and Termination
Break Fee
Representations and Warranties
Force Majeure
Notices
Assignment
Severability
Waiver
Entire Agreement
Amendments
Third Party Rights
Governing Law
Dispute Resolution
Counterparts
Professional Services
Manufacturing
Technology
Retail
Real Estate
Agriculture
Financial Services
Healthcare
Education
Construction
Energy
Telecommunications
Mining
Transportation
Hospitality
Legal
Corporate Development
Finance
Business Development
Executive Leadership
Operations
Risk and Compliance
Commercial
Strategy
Corporate Secretariat
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
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