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1. Parties: Identification of the seller and purchaser, including their full legal names, registration details, and addresses
2. Background: Context of the transaction, including brief description of the business and assets being sold
3. Definitions and Interpretation: Definitions of key terms used throughout the agreement and rules of interpretation
4. Sale and Purchase: Core transaction terms, including description of assets being sold and excluded assets
5. Purchase Price: Detailed breakdown of the purchase price, payment terms, and any adjustments
6. Conditions Precedent: Conditions that must be satisfied before completion of the transaction
7. Pre-Completion Obligations: Obligations of both parties between signing and completion
8. Completion: Details of the completion process, timing, and deliverables
9. Warranties and Representations: Seller's warranties regarding the assets and business
10. Limitations on Liability: Limitations on seller's liability for warranty claims and general liability caps
11. Tax Matters: Tax-related provisions, including responsibility for pre-completion and post-completion tax liabilities
12. Confidentiality: Obligations regarding confidential information and announcements
13. Further Assurance: Obligations to execute further documents and take additional steps if necessary
14. Notices: Process for serving notices under the agreement
15. Governing Law and Dispute Resolution: Choice of Nigerian law and dispute resolution mechanisms
1. Employee Matters: Include when the transaction involves transfer of employees
2. Intellectual Property Rights: Include when significant IP assets are being transferred
3. Environmental Matters: Include when assets include land or operations with environmental implications
4. Data Protection: Include when personal data or customer databases are being transferred
5. Non-Competition: Include when restricting seller's future competitive activities
6. Transitional Services: Include when seller will provide post-completion services
7. Foreign Exchange Provisions: Include when transaction involves international parties or foreign currency
8. Break Fee: Include when parties agree to compensation if transaction fails
9. Anti-corruption Compliance: Include when transaction involves public sector assets or high-risk sectors
1. Schedule 1 - Assets: Detailed list and description of all assets being transferred
2. Schedule 2 - Excluded Assets: List of assets specifically excluded from the transaction
3. Schedule 3 - Warranties: Detailed warranties given by the seller
4. Schedule 4 - Properties: Details of any real property included in the sale
5. Schedule 5 - Intellectual Property: List of all intellectual property rights being transferred
6. Schedule 6 - Contracts: List of contracts being transferred or assigned
7. Schedule 7 - Employees: Details of employees being transferred (if applicable)
8. Schedule 8 - Completion Deliverables: List of documents and items to be delivered at completion
9. Schedule 9 - Form of Transfer Documents: Templates of specific transfer documents required
10. Schedule 10 - Permitted Encumbrances: List of permitted liens or encumbrances on the assets
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