Document background
The Shareholder Termination Agreement is a crucial document used when a shareholder exits a Nigerian company, whether through voluntary withdrawal, mutual agreement, or as part of a dispute resolution. It operates within the framework of Nigerian corporate law, particularly CAMA 2020, and requires careful consideration of local regulatory requirements and corporate governance standards. The agreement typically includes comprehensive provisions for share valuation, payment mechanisms, confidentiality obligations, and post-termination restrictions. It must address specific Nigerian compliance requirements, including Corporate Affairs Commission filings and tax implications. This document is essential for protecting both the departing shareholder's and the company's interests while ensuring a smooth transition of ownership and maintaining business continuity.
