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1. Parties: Identification and details of all partners involved in the settlement
2. Background: History of the partnership, reason for dissolution, and context of the settlement
3. Definitions and Interpretation: Definitions of key terms and interpretation rules for the agreement
4. Settlement Terms: Core terms of the settlement including financial arrangements and asset distribution
5. Release and Discharge: Mutual release of claims and liabilities between partners
6. Distribution of Partnership Assets: Detailed breakdown of how partnership assets will be divided
7. Financial Settlement: Specific financial terms, including any payments between partners
8. Outstanding Liabilities: Allocation of responsibility for partnership debts and liabilities
9. Confidentiality: Obligations regarding confidential information and trade secrets
10. Non-disparagement: Agreement not to make negative statements about other partners
11. Governing Law and Jurisdiction: Specification of Nigerian law as governing law and jurisdiction
12. Entire Agreement: Confirmation that this document represents the complete agreement
13. Execution: Signature blocks and execution requirements
1. Ongoing Projects: Terms for handling incomplete projects or contracts (include if there are ongoing business commitments)
2. Intellectual Property Rights: Division of IP rights and future usage terms (include if IP assets exist)
3. Non-Compete Provisions: Restrictions on future business activities (include if competitive concerns exist)
4. Employee Matters: Handling of employees and employment contracts (include if partnership has employees)
5. Client Transition: Process for transitioning clients (include if client relationships need to be divided)
6. Tax Provisions: Specific tax-related agreements (include if complex tax implications exist)
7. Dispute Resolution: Alternative dispute resolution procedures (include if specific dispute resolution mechanism desired)
8. Insurance Matters: Handling of insurance policies and claims (include if significant insurance matters exist)
1. Schedule 1 - Asset Inventory: Detailed list of all partnership assets and their agreed values
2. Schedule 2 - Distribution Schedule: Specific allocation of assets, including timing and method of transfer
3. Schedule 3 - Financial Statement: Current financial position of the partnership
4. Schedule 4 - Outstanding Liabilities: List of all debts, loans, and other liabilities
5. Schedule 5 - Client List: List of clients and agreed allocation between partners
6. Appendix A - Valuation Reports: Independent valuations of partnership assets
7. Appendix B - Tax Clearance: Tax clearance certificates and relevant tax documentation
8. Appendix C - Property Documents: Copies of property titles and transfer documents
Professional Services
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Technology
Agriculture
Healthcare
Hospitality
Consulting
Legal Services
Accounting Services
Trading
Oil and Gas
Transportation
Education
Legal
Finance
Compliance
Corporate Secretariat
Risk Management
Operations
Business Development
Administrative
Executive Leadership
Accounting
Managing Partner
Business Owner
Chief Executive Officer
Chief Financial Officer
Legal Counsel
Corporate Lawyer
Business Development Manager
Partnership Manager
Risk Manager
Compliance Officer
Company Secretary
Financial Controller
Account Manager
Business Consultant
Operations Director
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