Mutual Termination Agreement Template for Nigeria

1. Confidentiality: Required when parties need to maintain confidentiality of the termination terms or protect sensitive information exchanged during the relationship

2. Non-Disparagement: Include when parties wish to prevent negative statements about each other post-termination

3. Employee Matters: Necessary when termination affects employment relationships or requires transfer of employees

4. Tax Provisions: Include when there are specific tax implications or allocations that need to be addressed

5. Transition Services: Required when one party needs to provide temporary services to ensure smooth transition post-termination

6. Non-Compete/Non-Solicitation: Include when parties wish to restrict future competitive activities or employee solicitation

7. Public Announcements: Necessary for high-profile terminations or when parties need to coordinate public communications

1. Schedule of Outstanding Payments: Detailed list of any outstanding payments, including amounts, payment dates, and payment methods

2. Schedule of Assets for Return: Itemized list of physical or intellectual property to be returned by each party

3. Schedule of Surviving Obligations: Detailed list of specific obligations that will survive the termination

4. Schedule of Transition Services: If applicable, detailed description of any transition services to be provided

5. Schedule of Released Claims: Specific list of claims or potential claims being released by the parties