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Short Form Asset Purchase Agreement
"I need a Short Form Asset Purchase Agreement under Nigerian law for the sale of manufacturing equipment and associated IP rights from my Lagos-based company to a multinational buyer, with completion scheduled for March 2025 and including specific provisions for technical training and handover."
1. Parties: Identifies and defines the Seller and Buyer with their complete legal details
2. Background: Brief context of the transaction and relationship between parties
3. Definitions: Key terms used throughout the agreement
4. Sale and Purchase: Core transaction terms including purchase price and basic payment terms
5. Completion: Details of when and how the transfer will be completed
6. Seller's Warranties: Basic warranties regarding ownership, authority to sell, and asset condition
7. Buyer's Warranties: Basic warranties regarding authority to purchase and ability to pay
8. Confidentiality: Basic confidentiality obligations of both parties
9. Governing Law and Jurisdiction: Specifies Nigerian law as governing law and jurisdiction for disputes
10. Execution: Signature blocks and execution formalities
1. Third Party Consents: Include when transfer of assets requires consent from other parties
2. Environmental Matters: Include when assets involve environmental considerations or risks
3. Employee Matters: Include when the asset purchase affects employees or includes transfer of employees
4. Tax Provisions: Include detailed tax provisions when complex tax implications exist
5. Intellectual Property: Include when assets include IP rights or licenses
6. Foreign Investment Provisions: Include when buyer is a foreign entity requiring NIPC consideration
7. Post-Completion Obligations: Include when specific actions are required after completion
1. Schedule 1 - Asset List: Detailed inventory and description of all assets being transferred
2. Schedule 2 - Purchase Price Allocation: Breakdown of purchase price across different asset categories
3. Schedule 3 - Excluded Assets: List of specific assets excluded from the transaction
4. Schedule 4 - Required Consents: List of third-party consents required for the transfer
5. Schedule 5 - Completion Documents: List of documents to be delivered at completion
6. Appendix A - Form of Transfer Documents: Standard forms for asset transfer documentation
7. Appendix B - Deed of Assignment: Form of deed for transferring title to assets
Authors
Manufacturing
Real Estate
Retail
Technology
Agriculture
Energy
Mining
Transportation
Healthcare
Hospitality
Construction
Financial Services
Legal
Finance
Corporate Development
Mergers & Acquisitions
Operations
Procurement
Risk & Compliance
Business Development
Asset Management
Corporate Secretariat
Chief Executive Officer
Chief Financial Officer
General Counsel
Legal Director
Commercial Director
Business Development Manager
Asset Manager
Corporate Secretary
Finance Manager
Operations Director
Procurement Manager
Risk Manager
Compliance Officer
Investment Manager
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