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Agreement Not To Sue Template for Nigeria

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Key Requirements PROMPT example:

Agreement Not To Sue

"I need an Agreement Not to Sue between my technology company and a former contractor regarding potential intellectual property claims, with strict confidentiality provisions and a consideration of ���5,000,000."

Document background
An Agreement Not to Sue is a crucial legal instrument in Nigerian business and civil matters, used when parties wish to resolve potential disputes without resorting to litigation. This document is particularly valuable in commercial relationships, employment matters, or following preliminary dispute discussions where parties seek to prevent future legal proceedings. The agreement must comply with Nigerian contract law principles and should clearly define the scope of claims being released, any exceptions, and the consideration provided. It's commonly used in conjunction with settlement agreements or as a standalone document to provide certainty and finality to potential disputes. The document needs to be carefully drafted to ensure enforceability under Nigerian law and to address specific requirements of the Nigerian legal system regarding contract formation and dispute resolution.
Suggested Sections

1. Parties: Identifies and defines all parties to the agreement, including their full legal names, addresses, and any relevant registration numbers

2. Background: Provides context about the dispute or potential claims that led to this agreement

3. Definitions: Defines key terms used throughout the agreement for clarity and legal certainty

4. Acknowledgment of Dispute: Clearly states the nature and scope of the dispute or potential claims being addressed

5. Consideration: Specifies what each party is giving or receiving in exchange for the agreement not to sue

6. Agreement Not to Sue: The core covenant where the agreeing party commits not to initiate legal proceedings

7. Scope of Agreement: Defines exactly which claims and rights are covered by the agreement

8. Duration: Specifies how long the agreement will remain in effect

9. Representations and Warranties: Statements by the parties about their capacity and authority to enter into the agreement

10. Governing Law: Specifies that Nigerian law governs the agreement

11. Entire Agreement: Confirms this document represents the complete agreement between parties

12. Execution: Signature blocks and execution formalities

Optional Sections

1. Confidentiality: Include when parties wish to keep the existence or terms of the agreement private

2. Exceptions to Agreement: Include when certain types of claims are specifically excluded from the agreement not to sue

3. Multiple Parties Provisions: Include when there are multiple parties on either side of the agreement

4. Severability: Include when parties want to ensure that if part of the agreement is found invalid, the rest remains enforceable

5. Assignment: Include when there's a need to address whether rights under the agreement can be transferred

6. Dispute Resolution: Include when parties want to specify how disputes about the agreement itself will be resolved

7. Third Party Rights: Include when the agreement affects rights of parties not directly signing the agreement

Suggested Schedules

1. Schedule 1 - Detailed Description of Dispute: Comprehensive description of the underlying dispute or potential claims

2. Schedule 2 - Related Proceedings: List of any related legal proceedings or claims that exist

3. Schedule 3 - Specific Claims Released: Detailed enumeration of specific claims being released

4. Appendix A - Supporting Documents: Copies of relevant documents referenced in the agreement

5. Appendix B - Corporate Authorizations: If corporate parties are involved, their authorizing resolutions or powers of attorney

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
























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Relevant Industries

Banking and Finance

Oil and Gas

Manufacturing

Construction

Real Estate

Technology

Healthcare

Insurance

Professional Services

Retail

Transportation and Logistics

Education

Telecommunications

Mining

Agriculture

Relevant Teams

Legal

Compliance

Risk Management

Executive Leadership

Human Resources

Commercial Operations

Business Development

Contract Administration

Corporate Governance

Finance

Operations

Relevant Roles

Legal Counsel

Chief Legal Officer

Compliance Officer

Risk Manager

Chief Executive Officer

Chief Financial Officer

Human Resources Director

Commercial Director

Business Development Manager

Contract Manager

Company Secretary

Operations Manager

Project Manager

Dispute Resolution Officer

Settlement Administrator

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

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