Business Transfer Agreement Template for Nigeria

1. Property: Specific provisions for transfer of real property assets, used when real estate is included

2. Intellectual Property: Detailed provisions for IP transfer and protection, used when significant IP assets are involved

3. Data Protection: Specific provisions for handling personal data, used when significant customer or employee data is involved

4. Competition/Antitrust: Required when transaction size or market impact triggers competition law considerations

5. Environmental Matters: Used when business involves environmental risks or permits

6. Foreign Investment Provisions: Required when transaction involves foreign investors or cross-border elements

7. Tax Covenant: Detailed tax provisions when significant tax implications exist

8. Non-Compete Provisions: Restrictions on seller's future business activities, used when competitive risks exist

9. Earn-out Provisions: Used when part of purchase price is contingent on future performance

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

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

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

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

5. Employees: List of transferring employees and their key employment terms

6. Material Contracts: Key contracts being transferred

7. Warranties: Detailed warranties given by the seller

8. Completion Obligations: Detailed list of documents and actions required at completion

9. Form of Transfer Documents: Pro-forma transfer documents to be executed

10. Permitted Encumbrances: List of permitted liens or encumbrances on assets

11. Third Party Consents: List of required third party consents and approvals