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1. Parties: Identification of the Seller(s), Purchaser(s) and any other parties to the agreement
2. Background: Context of the transaction, including details of the target company and purpose of the agreement
3. Definitions and Interpretation: Definitions of key terms used throughout the agreement and interpretation rules
4. Sale and Purchase: Core transaction terms including description of shares being sold and basic sale obligations
5. Purchase Price: Consideration amount, payment terms, and any price adjustment mechanisms
6. Conditions Precedent: Conditions that must be satisfied before completion can occur
7. Pre-Completion Obligations: Parties' obligations between signing and completion, including conduct of business requirements
8. Completion: Mechanics of completion, including timing, location, and actions required
9. Warranties: Seller's warranties regarding the shares, target company, and business
10. Limitations on Liability: Limitations on warranty claims and general liability caps
11. Indemnities: Specific indemnities provided by the seller
12. Confidentiality: Obligations regarding transaction confidentiality and company information
13. Announcements: Restrictions and requirements for public announcements about the transaction
14. Further Assurance: Obligations to take further actions necessary to give effect to the agreement
15. Notices: Process and requirements for formal notices under the agreement
16. Governing Law and Jurisdiction: Nigerian law as governing law and jurisdiction for disputes
17. General Provisions: Standard boilerplate provisions including entire agreement, variations, and severability
1. Tag Along Rights: Used in partial acquisitions to give remaining shareholders right to join in future sales
2. Drag Along Rights: Used in partial acquisitions to allow majority shareholders to force minorities to join in future sales
3. Non-Competition: Required when sellers need to be restricted from competing post-completion
4. Earn-out Provisions: Used when part of purchase price is contingent on future performance
5. Regulatory Compliance: Required for regulated industries or when specific regulatory approvals are needed
6. Tax Covenant: Detailed tax provisions when specific tax risks need to be addressed
7. Transitional Services: Required when seller needs to provide services to target company post-completion
8. Employee Matters: Required when specific employee arrangements need to be addressed
1. Details of the Company: Corporate information including registration details, share capital, and directors
2. Details of the Shares: Specific description of shares being transferred including share certificate numbers
3. Warranties: Detailed warranties about the company, business, and shares
4. Properties: Details of company's real estate assets and leases
5. Intellectual Property: List of company's IP rights and registrations
6. Material Contracts: Summary of key commercial contracts
7. Employees: Details of key employees and employment terms
8. Completion Obligations: Detailed list of documents and actions required at completion
9. Form of Resignation Letters: Template resignation letters for outgoing directors
10. Form of Board Resolutions: Template board resolutions approving the share transfer
11. Disclosure Letter: Seller's disclosures against the warranties
Accounts Date
Affiliate
Agreement
Board
Business
Business Day
CAMA
CAC
Completion
Completion Date
Conditions Precedent
Confidential Information
Consideration
Corporate Documents
Disclosed
Disclosure Letter
Encumbrance
Financial Year
Governmental Authority
Group
Indemnities
Intellectual Property Rights
Law
Losses
Management Accounts
Material Adverse Change
Material Contracts
Naira
Ordinary Shares
Parties
Permits
Properties
Purchase Price
Purchaser
Regulatory Approvals
Related Party
Relevant Claim
Representatives
Sale Shares
Seller
Seller's Warranties
Signing Date
Subsidiaries
Target Company
Tax
Tax Authority
Transaction
Transaction Documents
Warranties
Working Capital
Sale and Purchase
Purchase Price
Payment Terms
Conditions Precedent
Pre-completion Obligations
Completion
Post-completion Obligations
Warranties
Seller Warranties
Purchaser Warranties
Limitations on Liability
Indemnities
Tax Covenants
Non-competition
Confidentiality
Data Protection
Corporate Governance
Share Transfer Restrictions
Tag-along Rights
Drag-along Rights
Board Composition
Regulatory Compliance
Anti-corruption
Force Majeure
Termination
Dispute Resolution
Governing Law
Jurisdiction
Notices
Assignment
Third Party Rights
Severability
Entire Agreement
Variation
Costs
Further Assurance
Counterparts
Announcements
Stamp Duty
Foreign Exchange
Financial Services
Technology
Energy and Natural Resources
Manufacturing
Real Estate
Healthcare
Telecommunications
Agriculture
Consumer Goods
Professional Services
Media and Entertainment
Construction
Education
Retail
Transportation and Logistics
Legal
Finance
Corporate Development
Mergers & Acquisitions
Compliance
Risk Management
Board of Directors
Executive Leadership
Investment
Due Diligence
Corporate Secretariat
Treasury
Tax
Strategy
Chief Executive Officer
Chief Financial Officer
General Counsel
Legal Director
Corporate Secretary
Head of Mergers & Acquisitions
Investment Director
Commercial Director
Business Development Manager
Financial Controller
Corporate Lawyer
Investment Manager
Transaction Manager
Due Diligence Manager
Compliance Officer
Risk Manager
Board Director
Managing Director
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