Private Limited Company Partnership Agreement Template for Nigeria

1. Intellectual Property Rights: Provisions regarding ownership and use of intellectual property, necessary when IP is a significant business asset

2. Non-Competition and Confidentiality: Restrictions on competitive activities and protection of confidential information, important for knowledge-based businesses

3. Tag-Along and Drag-Along Rights: Special rights regarding share sales, relevant for partnerships with potential exit strategies

4. External Investment: Provisions for accepting external investment or new partners, useful for growth-oriented businesses

5. Employee Share Schemes: Framework for employee share ownership, relevant if planning to offer equity to employees

6. Special Voting Rights: Additional voting rights or veto powers for certain partners, useful for partnerships with unequal management control

7. Foreign Investment Provisions: Special provisions required when foreign partners are involved, ensuring compliance with NIPC regulations

1. Schedule 1: Capital Contributions: Detailed breakdown of each partner's initial and committed capital contributions

2. Schedule 2: Shareholding Structure: Detailed share allocation and classes of shares

3. Schedule 3: Business Plan: Initial business plan and strategic objectives

4. Schedule 4: Management Structure: Detailed organizational structure and management roles

5. Schedule 5: Reserved Matters: List of decisions requiring special majority or unanimous consent

6. Appendix A: Company Registration Documents: Copies of CAC registration and other statutory documents

7. Appendix B: Partner Information: Detailed information about each partner, including contact details and representatives

8. Appendix C: Accounting Principles: Agreed accounting policies and procedures