Shop Selling Agreement Template for Nigeria

1. Lease Assignment: Required if the shop premises are leased and the lease is being transferred

2. Intellectual Property: Required if the sale includes trademarks, trade names, or other IP rights

3. Non-Compete: Optional restrictions on seller's future business activities

4. Training and Transition: Include if seller agrees to provide training or transition support

5. Regulatory Approvals: Required if the sale needs specific regulatory clearances

6. Environmental Matters: Include for businesses with environmental compliance requirements

7. Tax Matters: Detailed tax provisions if complex tax implications exist

8. Franchise Obligations: Required if the shop operates under a franchise agreement

1. Schedule 1 - Asset Inventory: Detailed list of all physical assets included in the sale

2. Schedule 2 - Excluded Assets: List of assets specifically excluded from the sale

3. Schedule 3 - Employees: List of employees and their employment terms

4. Schedule 4 - Premises Details: Details of the shop premises, including lease terms if applicable

5. Schedule 5 - Licenses and Permits: List of all business licenses and permits

6. Schedule 6 - Inventory: Detailed inventory list and valuation method

7. Appendix A - Financial Statements: Recent financial statements of the business

8. Appendix B - Completion Checklist: List of actions required for completion of the sale