Business Purchase Contract Template for Nigeria

1. Intellectual Property: Details of IP transfer and protection - include if the business has significant IP assets

2. Property: Specific provisions for real estate transfer - include if business premises are part of the sale

3. Environmental Matters: Environmental warranties and indemnities - include for businesses with environmental risks

4. Tax Covenant: Detailed tax provisions - include for complex tax arrangements or significant tax risks

5. Non-Competition: Restrictions on seller's future business activities - include if competitive risk exists

6. Transition Services: Services provided by seller post-completion - include if operational continuity support needed

7. Earn-out Provisions: Future payment mechanisms based on performance - include if part of purchase price is contingent

8. Regulatory Approvals: Specific provisions for obtaining regulatory approvals - include if required by industry

9. Assignment of Contracts: Provisions for transferring specific contracts - include if key contracts need assignment

1. Schedule 1: Business Assets: Detailed list of all assets included in the sale

2. Schedule 2: Excluded Assets: List of assets specifically excluded from the sale

3. Schedule 3: Properties: Details of any real estate included in the sale

4. Schedule 4: Intellectual Property: List of all IP rights being transferred

5. Schedule 5: Employee Information: Details of transferring employees and their terms

6. Schedule 6: Material Contracts: List and details of key contracts being transferred

7. Schedule 7: Completion Obligations: Detailed list of actions required at completion

8. Schedule 8: Warranties: Detailed warranties given by the seller

9. Schedule 9: Disclosed Matters: Disclosures against the warranties

10. Appendix A: Form of Transfer Documents: Templates for various transfer documents required at completion