The Acquisition Purchase Agreement is a fundamental transaction document used in Nigerian business acquisitions to formalize and execute the purchase and sale of a business, shares, or assets. This document is essential when one entity seeks to acquire ownership or control of another entity or its assets in Nigeria. It must comply with Nigerian corporate law, particularly the Companies and Allied Matters Act 2020, and may require additional regulatory approvals depending on the transaction size and sector. The agreement typically includes detailed provisions on purchase price, payment mechanisms, warranties, indemnities, conditions precedent, and completion mechanics. It is particularly important in the Nigerian context as it must address specific local legal requirements, tax implications, and regulatory considerations while providing adequate protection for all parties involved in the transaction.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership of your docs
1. Parties: Identification of the buyer, seller, and any guarantors or other key parties to the agreement
2. Background: Context of the transaction and brief description of the business being acquired
3. Definitions: Detailed definitions of key terms used throughout the agreement
4. Sale and Purchase: Core transaction terms including what is being sold and purchased
5. Purchase Price: Consideration details, payment terms, and any price adjustment mechanisms
6. Conditions Precedent: Conditions that must be satisfied before completion can occur
7. Pre-Completion Obligations: Obligations of parties between signing and completion
8. Completion: Mechanics of closing the transaction, including timing and deliverables
9. Warranties: Seller's representations and warranties about the business
10. Limitations on Liability: Caps, thresholds, and time limits on warranty claims
11. Tax Covenant: Tax-related warranties and indemnities
12. Confidentiality: Provisions regarding confidential information and announcements
13. Post-Completion Obligations: Ongoing obligations after completion
14. Boilerplate Provisions: Standard legal provisions including governing law, notices, and entire agreement
1. Employee Matters: Specific provisions dealing with employees and employment contracts - include if employees are being transferred
2. Intellectual Property: Detailed IP provisions - include if IP is a significant asset
3. Real Estate: Property-specific provisions - include if real estate is a material part of the transaction
4. Environmental Matters: Environmental warranties and indemnities - include for businesses with environmental risks
5. Competition/Antitrust: Specific provisions dealing with competition law approvals - include if transaction requires regulatory approval
6. Transitional Services: Details of post-completion services - include if seller will provide services post-completion
7. Non-Compete Provisions: Restrictions on seller's future activities - include if protecting goodwill is important
8. Earn-out Provisions: Details of contingent payments - include if part of purchase price is performance-based
1. Purchase Price Calculation: Detailed methodology for calculating final purchase price
2. Properties: List and details of real estate assets
3. Intellectual Property Rights: Schedule of IP assets including registrations
4. Material Contracts: List and copies of key business contracts
5. Employees: List of employees and their key terms of employment
6. Tax Affairs: Details of tax positions and ongoing matters
7. Completion Deliverables: List of documents to be delivered at completion
8. Warranties: Detailed warranties about the business
9. Disclosure Letter: Exceptions and qualifications to warranties
10. Form of Transfer Documents: Templates for share transfer forms or other transfer documents
Find the exact document you need
Property Purchase Letter Of Intent
A preliminary document under Nigerian law expressing intent to purchase property and outlining key terms and conditions for the proposed transaction.
Download
Merger And Acquisition Agreement
A Nigerian law-governed agreement that sets out the terms and conditions for a corporate merger or acquisition, ensuring regulatory compliance and protecting parties' interests.
Download
Land Acquisition Agreement
A Nigerian law-governed agreement for transferring land ownership rights, complying with the Land Use Act and state regulations.
Download
Company Merger Contract
A Nigerian law-governed agreement facilitating the merger of two or more companies, outlining terms, conditions, and regulatory compliance requirements.
Download
Company Acquisition Contract
A legally binding agreement under Nigerian law that governs the sale and purchase of a company, detailing all terms, conditions, and obligations of the acquisition transaction.
Download
Asset Acquisition Agreement
A Nigerian law-governed agreement facilitating the transfer of assets between parties, detailing terms, conditions, and regulatory compliance requirements.
Download
Acquisition Purchase Agreement
A Nigerian law-governed agreement detailing the terms and conditions for the purchase and sale of a business or its assets.
Download
Stock For Stock Merger Agreement
A Nigerian law-governed agreement detailing the combination of two companies through share exchange, specifying terms, conditions, and regulatory compliance requirements.
Download
Simple Merger Agreement
A fundamental agreement under Nigerian law governing the combination of two companies into a single entity, outlining key merger terms and conditions.
Download
Merger And Acquisition Term Sheet
A preliminary agreement under Nigerian law outlining key terms and conditions for a proposed merger or acquisition transaction, serving as a foundation for detailed definitive agreements.
Download
Letter Of Intent To Purchase Business
A preliminary document under Nigerian law outlining the proposed terms and conditions for acquiring a business, serving as a framework for negotiations and due diligence.
Download
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it