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1. Parties: Identification of all parties to the agreement, including full legal names, registration numbers, and addresses
2. Background: Context of the agreement, including the proposed business sale and purpose of sharing confidential information
3. Definitions: Detailed definitions of key terms, especially 'Confidential Information', 'Representatives', 'Permitted Purpose', and 'Transaction'
4. Scope of Confidential Information: Detailed description of what constitutes confidential information in the context of the business sale
5. Obligations of Confidentiality: Core confidentiality obligations, including use restrictions and standard of care
6. Permitted Disclosures: Circumstances under which confidential information may be shared with representatives and advisors
7. Security Measures: Required security measures for protecting confidential information
8. Return or Destruction of Information: Obligations regarding the return or destruction of confidential information if the transaction doesn't proceed
9. Duration of Obligations: Time period for which confidentiality obligations remain in force
10. Non-Circumvention: Prohibition on using the information to compete or circumvent the business sale process
11. Remedies: Available remedies in case of breach, including injunctive relief
12. Governing Law and Jurisdiction: Specification of Nigerian law as governing law and jurisdiction for disputes
13. General Provisions: Standard boilerplate clauses including severability, amendments, and notices
1. Non-Solicitation: Prevents recipient from soliciting employees or customers. Include when the potential buyer could be a competitor
2. Data Protection: Specific provisions for handling personal data. Include when the business handles significant personal data
3. Exclusivity Period: Period during which the seller cannot negotiate with other potential buyers. Include when buyer requires exclusive negotiation rights
4. Public Announcements: Controls over public statements about the potential transaction. Include for high-profile transactions or when one party is publicly traded
5. Residual Knowledge: Provisions regarding use of non-confidential knowledge gained. Include when recipient is in the same industry
6. Force Majeure: Provisions for extraordinary events affecting compliance. Include during periods of significant uncertainty
7. Anti-Money Laundering Compliance: Specific provisions for AML compliance. Include for large transactions or regulated businesses
1. Schedule 1: Description of Business: Detailed description of the business being sold and scope of information to be shared
2. Schedule 2: Authorized Representatives: List of authorized representatives who may access confidential information
3. Schedule 3: Security Protocols: Specific security measures and protocols for handling confidential information
4. Schedule 4: Excluded Information: List of information specifically excluded from confidentiality obligations
5. Appendix A: Data Room Rules: Rules and procedures for accessing and using the data room, if applicable
6. Appendix B: Return/Destruction Certificate: Form of certificate confirming return or destruction of confidential information
Manufacturing
Technology
Financial Services
Retail
Healthcare
Energy
Telecommunications
Real Estate
Agriculture
Mining
Construction
Transportation
Hospitality
Education
Professional Services
Media and Entertainment
Legal
Finance
Corporate Development
Mergers & Acquisitions
Executive Leadership
Risk Management
Compliance
Information Security
Business Development
Strategy
Corporate Secretariat
Chief Executive Officer
Chief Financial Officer
General Counsel
Corporate Development Director
Mergers & Acquisitions Manager
Business Development Director
Investment Banker
Due Diligence Manager
Corporate Secretary
Risk Management Officer
Compliance Officer
Information Security Manager
Chief Operating Officer
Strategy Director
Financial Controller
Legal Counsel
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