The Termination Due To Closure Of Business document is essential when a company in Nigeria ceases operations and needs to formally terminate its employment relationships. This document is used across all business sectors and must comply with the Nigerian Labour Act, Companies and Allied Matters Act 2020, and other relevant employment legislation. It contains critical information about notice periods, final settlements, statutory entitlements, and post-termination obligations. The document serves as a legal record of the termination process, protecting both employer and employee interests during the business closure process. It should be customized based on the employee's position, length of service, and any specific contractual obligations, while maintaining compliance with Nigerian employment law requirements.
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.
OR
Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
Upload your Doc
1. Parties: Identification of the employer company and the employee
2. Background: Context of the employment relationship and reason for business closure
3. Definitions: Key terms used in the termination notice
4. Notice of Termination: Formal statement of employment termination due to business closure
5. Effective Date: Clear specification of the last day of employment
6. Final Payment Details: Breakdown of final salary, benefits, and other entitlements
7. Return of Company Property: Requirements for returning company assets and documents
8. Confidentiality Obligations: Ongoing confidentiality requirements post-termination
9. Tax Implications: Statement regarding tax treatment of final payments
10. Full and Final Settlement: Terms of complete settlement of all claims and obligations
1. Severance Package: Additional compensation beyond statutory requirements - include if offering enhanced benefits
2. Reference Letter: Terms regarding provision of employment references - include if being offered
3. Non-Compete Obligations: Post-employment restrictions - include if applicable to senior positions
4. Outplacement Support: Details of any career transition assistance - include if being provided
5. Union Consultation: Details of union involvement - include if employees are unionized
6. Transfer of Benefits: Information about transfer of insurance or pension benefits - include if applicable
1. Schedule 1 - Final Payment Calculation: Detailed breakdown of all final payments including salary, leave, and benefits
2. Schedule 2 - Company Property List: Itemized list of company property to be returned
3. Schedule 3 - Employee Benefits Summary: Summary of benefit entitlements and their treatment upon termination
4. Appendix A - Timeline for Closure: Detailed timeline of the closure process and key dates
5. Appendix B - Contact Information: Post-closure contact details for queries regarding final payments or documents
Relevant legal definitions
Agreement
Business Closure Date
Company
Confidential Information
Effective Date of Termination
Employee
Final Payment
Notice Period
Outstanding Entitlements
Parties
Proprietary Information
Severance Payment
Statutory Entitlements
Terminal Benefits
Company Property
Working Day
Intellectual Property Rights
Trade Secrets
Benefits
Closure Process
Final Settlement
Governing Law
Notice
Personnel Records
Relevant Legislation
Termination Date
Outstanding Obligations
Business Records
Accrued Rights
Business Closure Date
Company
Confidential Information
Effective Date of Termination
Employee
Final Payment
Notice Period
Outstanding Entitlements
Parties
Proprietary Information
Severance Payment
Statutory Entitlements
Terminal Benefits
Company Property
Working Day
Intellectual Property Rights
Trade Secrets
Benefits
Closure Process
Final Settlement
Governing Law
Notice
Personnel Records
Relevant Legislation
Termination Date
Outstanding Obligations
Business Records
Accrued Rights
Clauses
Notice of Termination
Final Payment
Severance Benefits
Return of Property
Confidentiality
Non-Disclosure
Intellectual Property
Final Settlement
Release of Claims
Tax Compliance
Governing Law
Dispute Resolution
Statutory Compliance
Benefits Termination
Reference Provision
Post-Termination Obligations
Company Property
Data Protection
Employee Acknowledgment
Notice Period
Pension Rights
Outstanding Leave
Termination Process
Full and Final Settlement
Legal Compliance
Final Payment
Severance Benefits
Return of Property
Confidentiality
Non-Disclosure
Intellectual Property
Final Settlement
Release of Claims
Tax Compliance
Governing Law
Dispute Resolution
Statutory Compliance
Benefits Termination
Reference Provision
Post-Termination Obligations
Company Property
Data Protection
Employee Acknowledgment
Notice Period
Pension Rights
Outstanding Leave
Termination Process
Full and Final Settlement
Legal Compliance
Relevant Industries
Manufacturing
Retail
Technology
Financial Services
Construction
Healthcare
Education
Hospitality
Mining
Oil and Gas
Telecommunications
Professional Services
Agriculture
Transportation
Real Estate
Relevant Teams
Human Resources
Legal
Corporate Secretariat
Executive Leadership
Finance
Operations
Compliance
Industrial Relations
Administration
Relevant Roles
HR Director
HR Manager
Legal Counsel
Company Secretary
Managing Director
CEO
CFO
Operations Manager
Department Head
Line Manager
HR Business Partner
Compliance Officer
Industrial Relations Manager
Find the exact document you need
Notice Of Termination Of Agreement Of Sale
A formal legal notice under Nigerian law that communicates the termination of an existing sale agreement between parties.
find out more
Letter Of Termination Of Rental Agreement By Tenant
A formal notice document used in Nigeria by tenants to legally terminate their rental agreement, complying with Nigerian property law and state-specific tenancy requirements.
find out more
End Of Probation Period Letter
A formal letter under Nigerian law confirming an employee's successful completion of probation period or alternative outcomes.
find out more
Breach Of Lease By Landlord Letter
A formal notice under Nigerian law from tenant to landlord documenting lease violations and demanding specific remedies, serving as official documentation of the breach.
find out more
Termination Of Apprenticeship Letter
A formal letter under Nigerian law that officially ends an apprenticeship relationship between an employer/master and an apprentice, documenting termination details and final arrangements.
find out more
Termination Letter For Driver
A Nigerian law-compliant termination letter template specifically designed for ending employment relationships with drivers, including relevant termination terms and final settlements.
find out more
Service Agreement Termination Letter
A formal notice under Nigerian law to terminate an existing service agreement, specifying termination details and remaining obligations between parties.
find out more
Notice To Terminate Construction Contract
A formal notice under Nigerian law to terminate a construction contract, specifying the termination grounds, effective date, and required actions from parties.
find out more
Warning Letter For Breach Of Contract
A formal written notice under Nigerian law alerting a party of their contract breach and demanding remedial action while warning of potential legal consequences.
find out more
Employee Termination Form
A standardized form for employment termination in Nigeria, ensuring compliance with local labor laws while documenting the termination process and related obligations.
find out more
Voluntary Exit Letter
A formal letter accepting and documenting an employee's voluntary resignation under Nigerian law, outlining exit terms and conditions.
find out more
Termination Letter For Negligence Of Duty
A formal termination letter under Nigerian law for ending employment due to negligence of duty, including specific instances and terms of termination.
find out more
Discontinuation Of Services Letter To Employee
A formal employment termination letter compliant with Nigerian labor laws, used to officially end an employment relationship and outline separation terms.
find out more
Workers Compensation Termination Of Employment Letter
A Nigerian legal document that formalizes employment termination while addressing ongoing workers' compensation matters and entitlements under Nigerian law.
find out more
Termination Letter For Internship
A formal document used in Nigeria to officially terminate an internship arrangement, ensuring compliance with local labor laws and maintaining professional standards.
find out more
Letter Of Removal From Position
A formal notification document under Nigerian law for removing an employee from their position, including removal terms and statutory requirements.
find out more
Lease Termination By Tenant
A formal notice under Nigerian law from a tenant to a landlord declaring intention to terminate a lease agreement, including required notice periods and supporting documentation.
find out more
Breach Of Tenancy Letter
A formal notice under Nigerian law informing tenants of tenancy agreement violations and demanding specific remedial actions within set timelines.
find out more
Attendance Termination Letter
A formal notice of employment termination due to attendance violations, compliant with Nigerian Labour Law requirements.
find out more
Probation Termination Letter
A formal notice under Nigerian law terminating employment during or at the end of a probationary period, including termination terms and exit procedures.
find out more
Tenant To Landlord Lease Termination Letter
A formal lease termination notice from tenant to landlord under Nigerian law, documenting the intention to end a tenancy agreement and vacate the property.
find out more
Voluntary Resignation In Lieu Of Termination
A Nigerian law-compliant agreement template for voluntary resignation in lieu of termination, outlining separation terms and mutual obligations.
find out more
Termination Due To Abandonment Of Work
A formal termination notice under Nigerian law for cases of work abandonment, including documentation of absence and termination terms.
find out more
Termination Letter Due To Downsizing
A legally compliant termination letter template for downsizing situations under Nigerian labor law, including all required statutory elements and entitlements.
find out more
Termination Due To Non Performance
A formal contract termination notice under Nigerian law for breach of obligations through non-performance of contractual duties.
find out more
Termination Due To Lack Of Work
A legally compliant Nigerian termination letter for redundancy situations, including notice period and severance details as per Nigerian labour laws.
find out more
Termination Due To Closure Of Business
A Nigerian legal document for terminating employment due to business closure, ensuring compliance with local employment laws and regulations.
find out more
Letter For Leaving Rental House
A formal notice document used in Nigeria by tenants to inform landlords of their intention to vacate a rental property, complying with Nigerian tenancy laws.
find out more
Termination Of Contract Due To Non Performance
A Nigerian law-governed document that formally terminates a contract due to one party's failure to perform their contractual obligations.
find out more
Notice Of Lease Termination Letter
A formal notice under Nigerian law to terminate a lease agreement, containing essential termination details and compliance with federal and state tenancy regulations.
find out more
Tenancy Agreement Termination Notice
A formal notice under Nigerian law used to terminate an existing tenancy agreement, specifying termination date and property handover details.
find out more
Termination Of Rental Agreement Letter By Tenant
A formal notice document used in Nigeria by tenants to legally terminate their rental agreements, complying with Nigerian federal and state property laws.
find out more
Termination Letter Due To Financial Constraints
A Nigerian law-compliant termination letter template for ending employment due to company financial constraints, including notice period and entitlements details.
find out more
Resignation Termination Letter
A formal resignation notice compliant with Nigerian labor law, documenting an employee's intention to end their employment and specifying the termination details.
find out more
Proof Of Employment Termination
A formal Nigerian legal document confirming the termination of employment relationship, compliant with local labor laws and regulations.
find out more
Loan Application Cancellation Letter
A formal letter used in Nigerian banking to officially cancel a pending loan application, complying with local banking regulations and CBN guidelines.
find out more
Employment Verification Letter For Terminated Employee
An official employment verification document issued under Nigerian law confirming past employment details and termination status for former employees.
find out more
Failed Probationary Period Letter
A formal letter used in Nigeria to notify an employee of their unsuccessful probationary period completion and subsequent employment termination.
find out more
Dismissal Letter Due To Theft
A formal letter for immediate employment termination due to theft under Nigerian law, including incident details and termination terms.
find out more
Business Partnership Termination Letter
A formal notice under Nigerian law to terminate a business partnership, outlining dissolution terms and partner obligations.
find out more
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
.png)
.png)