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1. Parties: Identification and details of the seller and purchaser, including registration numbers for companies
2. Background: Context of the transaction and brief description of the assets being purchased
3. Definitions: Definitions of key terms used throughout the agreement
4. Asset Description: Detailed description of the assets being purchased, including any identifying numbers or characteristics
5. Purchase Price: The agreed purchase price and payment terms, including any deposits or installment arrangements
6. Payment Terms: Specific details about how and when payments will be made
7. Completion: Details of the completion process, including timing and location
8. Seller's Warranties: Warranties regarding ownership, condition, and legal status of the assets
9. Title and Risk: When title passes to the buyer and provisions about risk transfer
10. Deliverables: List of documents and items to be delivered upon completion
11. Governing Law: Specification of Nigerian law as the governing law
12. Execution: Signature blocks and execution requirements
1. Conditions Precedent: Used when completion is subject to certain conditions being met first
2. Due Diligence: Include when buyer requires specific due diligence provisions
3. Tax Provisions: Detailed tax arrangements when complex tax implications exist
4. Environmental Matters: Required for assets with potential environmental implications
5. Intellectual Property Rights: Include when assets include intellectual property
6. Employee Matters: Required when the asset purchase affects employees
7. Regulatory Approvals: Include when specific regulatory approvals are needed
8. Post-Completion Obligations: Used when parties have ongoing obligations after completion
9. Non-Competition: Include when seller needs to be restricted from competing
10. Confidentiality: Used when transaction involves sensitive information
1. Schedule 1 - Asset Details: Detailed inventory and description of all assets being purchased
2. Schedule 2 - Excluded Assets: List of specific assets excluded from the purchase
3. Schedule 3 - Purchase Price Allocation: Breakdown of purchase price across different asset categories
4. Schedule 4 - Required Consents: List of third-party consents required for the transfer
5. Schedule 5 - Encumbrances: Details of any existing liens, charges or encumbrances on the assets
6. Appendix A - Form of Transfer Documents: Templates for various transfer documents required
7. Appendix B - Completion Checklist: List of actions and documents required for completion
8. Appendix C - Asset Registration Forms: Relevant registration forms required under Nigerian law
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