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1. Parties: Identification of all partners involved in the termination agreement
2. Background: Brief history of the partnership and context for termination
3. Definitions: Key terms used throughout the agreement
4. Effective Date of Termination: Specific date when the partnership will officially end
5. Dissolution Process: Steps to be taken to wind up the partnership
6. Asset Distribution: Agreement on how partnership assets will be divided
7. Settlement of Liabilities: Process for handling outstanding debts and obligations
8. Final Accounts: Preparation and approval of final partnership accounts
9. Release and Discharge: Mutual release of partners from future claims
10. Confidentiality: Ongoing obligations regarding partnership information
11. Governing Law: Confirmation of Nigerian law as governing law
12. Dispute Resolution: Process for resolving any disputes arising from termination
13. Execution: Signature blocks and execution requirements
1. Ongoing Projects: Used when there are incomplete projects that need to be addressed
2. Intellectual Property Rights: Required when the partnership owns or uses intellectual property
3. Employee Matters: Needed if the partnership has employees who need to be addressed
4. Client Transition: Include when there are ongoing client relationships to be managed
5. Non-Compete Provisions: Optional restrictions on partners' future business activities
6. Tax Matters: Detailed tax arrangements if complex tax issues exist
7. Insurance and Indemnification: Special provisions for ongoing insurance or indemnification needs
8. Bank Accounts and Financial Matters: Detailed provisions for handling financial accounts if complex
1. Schedule 1 - Asset Inventory: Detailed list of all partnership assets and their agreed distribution
2. Schedule 2 - Liabilities List: Comprehensive list of all partnership liabilities and responsible parties
3. Schedule 3 - Client List: List of clients and agreed allocation or handling
4. Schedule 4 - Outstanding Projects: Details of ongoing projects and their handling
5. Schedule 5 - Financial Statements: Final balance sheet and profit/loss statements
6. Appendix A - Partner Contributions: Historical record of partner contributions and current capital accounts
7. Appendix B - Distribution Plan: Detailed plan for distribution of assets and responsibilities
Professional Services
Retail
Manufacturing
Construction
Real Estate
Technology
Healthcare
Consulting
Agriculture
Financial Services
Legal Services
Hospitality
Trading
Transportation
Energy
Legal
Finance
Compliance
Corporate Secretarial
Risk Management
Operations
Business Development
Administrative
Executive Leadership
Managing Partner
Business Owner
Chief Executive Officer
Chief Financial Officer
Legal Counsel
Corporate Lawyer
Business Development Manager
Finance Director
Operations Manager
Company Secretary
Compliance Officer
Risk Manager
Partnership Manager
Business Administrator
Account Manager
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