Business Separation Agreement Template for Nigeria

1. Transition Services: Required when one party needs to provide ongoing services to the other during a transition period

2. Tax Matters: Needed when complex tax implications arise from the separation

3. Real Estate: Required when property interests need to be divided or transferred

4. Third Party Contracts: Needed when dealing with assignment or division of existing contracts

5. International Operations: Required when the separation involves cross-border operations

6. Customer Division: Needed when establishing how existing customers will be allocated

7. Shared Services Agreement: Required when parties will continue to share certain services post-separation

8. Environmental Matters: Needed when environmental liabilities or obligations exist

9. Insurance: Required when dealing with existing insurance policies and future coverage

1. Schedule A - Asset List: Detailed inventory of all assets being divided

2. Schedule B - Liability List: Comprehensive list of all liabilities and their allocation

3. Schedule C - Intellectual Property Register: Detailed listing of all IP rights and their disposition

4. Schedule D - Employee Transfer List: List of employees and their post-separation allocation

5. Schedule E - Financial Settlements: Detailed breakdown of financial arrangements and payments

6. Schedule F - Contracts List: Register of all contracts and their treatment post-separation

7. Schedule G - Transition Services: Detailed description of any transition services to be provided

8. Appendix 1 - Separation Timeline: Detailed timeline for implementing the separation

9. Appendix 2 - Required Governmental Approvals: List of required regulatory approvals and status

10. Appendix 3 - Form of Public Announcement: Template for any public communications about the separation