The Stock Sale Agreement is a crucial legal document used when transferring ownership of shares in a Nigerian company from one party to another. It is essential for both private and public company transactions, though the specific requirements may vary. The agreement must comply with Nigerian legislation, particularly the Companies and Allied Matters Act (CAMA) 2020, Investment and Securities Act 2007, and relevant tax laws. It is typically used in scenarios ranging from small private share transfers to large corporate acquisitions, and can accommodate both domestic and international parties. The document includes comprehensive details about the transaction, including share valuation, payment terms, warranties, representations, and various conditions that must be met before and after the sale. It also addresses regulatory requirements, tax implications, and any necessary corporate or governmental approvals.
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 seller(s) and purchaser(s) of the stock
2. Background: Context of the transaction and brief description of the company whose shares are being sold
3. Definitions and Interpretation: Key terms used throughout the agreement and rules of interpretation
4. Sale and Purchase of Shares: Core transaction terms including number of shares, class of shares, and agreement to sell and purchase
5. Purchase Price: Consideration amount, payment terms, and any price adjustment mechanisms
6. Conditions Precedent: Conditions that must be satisfied before completion of the transaction
7. Pre-Completion Obligations: Obligations of parties between signing and completion, including conduct of business requirements
8. Completion: Mechanics of closing, including timing, location, and deliverables
9. Seller's Warranties: Representations and warranties regarding the shares, company, and seller's capacity
10. Purchaser's Warranties: Representations and warranties regarding the purchaser's capacity and authority
11. Limitations on Liability: Caps, time limits, and other restrictions on warranty claims and general liability
12. Confidentiality: Obligations regarding transaction confidentiality and company information
13. Announcements: Requirements for public statements about the transaction
14. Further Assurance: Obligations to take additional actions needed to effect the transaction
15. Notices: Process for formal communications between parties
16. Governing Law and Jurisdiction: Nigerian law as governing law and jurisdiction for disputes
17. General Provisions: Standard boilerplate clauses including entire agreement, amendments, and severability
1. Tax Covenant: Detailed tax indemnities and procedures - include for larger transactions or where specific tax risks identified
2. Non-Competition: Restrictions on seller's future competitive activities - include where seller has significant know-how or customer relationships
3. Earn-out Provisions: Additional payment mechanisms based on future performance - include where part of purchase price is contingent
4. Employee Matters: Specific provisions regarding key employees - include where retention of management is crucial
5. Regulatory Compliance: Specific regulatory requirements - include for regulated industries or large transactions
6. Foreign Investment Provisions: Special provisions for foreign investors - include where purchaser is non-Nigerian
7. Break Fee: Compensation if transaction fails - include for complex deals with significant due diligence costs
8. Transitional Services: Post-completion support arrangements - include where seller provides crucial services to company
1. Share Details: Details of shares being sold including share certificates numbers and share capital structure
2. Company Information: Key details about the company including corporate information and material contracts
3. Warranties: Detailed warranties about the business, assets, and liabilities
4. Properties: Details of all company real estate and lease arrangements
5. Intellectual Property: List of IP rights owned or used by the company
6. Employee Information: Details of employees, benefits, and employment agreements
7. Completion Obligations: Detailed list of documents and actions required at completion
8. Disclosed Documents: List of documents disclosed against the warranties
9. Form of Resignation Letters: Template resignation letters for outgoing directors
10. Corporate Authorizations: Forms of board and shareholder resolutions required
Find the exact document you need
Bike Selling Agreement Letter
A legal document governed by Nigerian law that formalizes the sale and transfer of ownership of a motorcycle between parties, including key transaction details and compliance requirements.
Download
Asset Sale And Purchase Agreement
A Nigerian law-governed agreement detailing terms and conditions for the sale and purchase of assets, including purchase price, warranties, and completion mechanics.
Download
Simple Car Purchase Agreement
A Nigerian law-governed agreement for the sale and purchase of vehicles, detailing essential terms, conditions, and ownership transfer requirements.
Download
Residential Lease For Single Family Home
Nigerian residential lease agreement for single-family homes, compliant with federal and state tenancy laws.
Download
Sale Agreement Of Bike
A Nigerian law-governed agreement for the sale and purchase of a bike, detailing terms, conditions, and ownership transfer requirements.
Download
Car Purchase Contract
A Nigerian law-governed agreement for the sale and purchase of a motor vehicle, detailing transaction terms and ownership transfer requirements.
Download
Real Estate Listing Contract
A Nigerian-law governed agreement between property owner and real estate agent establishing terms for property listing, marketing, and sale/lease arrangements.
Download
Deed Of Sale Of Motorcycle
A Nigerian law-compliant deed that formalizes the sale and transfer of ownership of a motorcycle between parties, including all necessary legal and regulatory requirements.
Download
Real Estate Purchase Offer
A formal offer document for real estate purchase in Nigeria, outlining proposed terms and conditions in compliance with Nigerian property law.
Download
Sales Commission Letter
A Nigerian-law governed document establishing commission-based sales arrangements between a company and sales representatives, outlining payment terms and performance expectations.
Download
Sale Of Bike Agreement
A Nigerian law-governed agreement for the sale and purchase of a motorcycle or bike, outlining terms, conditions, and ownership transfer requirements.
Download
Auto Purchase And Sale Agreement
A Nigerian law-governed agreement documenting the terms and conditions for the sale and purchase of a motor vehicle, including specifications, price, and ownership transfer details.
Download
Agreement For Sale Of Flat
A Nigerian law-governed agreement for the sale and purchase of a flat, including terms, conditions, and requirements for property transfer.
Download
Wholesale Contract
Nigerian wholesale contract template governing bulk sale arrangements between distributors and business customers, compliant with Nigerian commercial law.
Download
Sale Agreement Online
A comprehensive online sale agreement template compliant with Nigerian e-commerce laws and regulations, suitable for both digital and physical goods transactions.
Download
For Sale As Is Contract
A Nigerian law-compliant "For Sale As Is" contract template for transactions where goods or property are sold in their current condition without warranties.
Download
Flat Buying Agreement
A legally binding agreement under Nigerian law for the purchase and sale of residential flats, detailing terms, conditions, and obligations of all parties involved.
Download
Contract For Vehicle Sale With Payments
A Nigerian law-governed agreement for vehicle sale with structured payment terms, ensuring legal compliance and protecting both parties' interests.
Download
Basic Sales Agreement
A standard Nigerian law-governed agreement outlining terms and conditions for the sale and purchase of goods between parties.
Download
Tripartite Agreement For Sale Of Property
A Nigerian law-governed agreement between three parties for property sale, typically involving a seller, buyer, and financial institution or facilitator.
Download
Sale Agreement For Bike
A Nigerian law-governed agreement detailing terms and conditions for the sale and purchase of a bike, ensuring legal compliance and protecting both parties' interests.
Download
Oil Purchase And Sale Agreement
Nigerian law-governed agreement for oil purchase and sale transactions, incorporating local regulatory requirements and industry standards.
Download
Contract For Sale Of House And Land
A Nigerian law-governed agreement for the sale and transfer of house and land property, incorporating Land Use Act requirements and detailing sale terms and conditions.
Download
Resale Agreement Draft
Nigerian-law governed Resale Agreement template establishing supplier-reseller relationship with key commercial terms and regulatory compliance.
Download
Scrap Vehicle Sale Agreement
A Nigerian law-governed agreement for the sale and transfer of vehicles intended for scrapping, ensuring compliance with local environmental and vehicle disposal regulations.
Download
Sale And Construction Agreement
A Nigerian law-governed agreement combining property sale terms with construction obligations, detailing project specifications, timelines, and payment terms.
Download
Real Estate Buyers Agreement Form
A standardized agreement form for real estate purchases in Nigeria, ensuring compliance with local property laws while protecting both buyer and seller interests.
Download
Property Sell Agreement
A Nigerian law-governed agreement for the transfer of property ownership from seller to buyer, incorporating Land Use Act requirements and Governor's Consent provisions.
Download
New Car Purchase Agreement
A Nigerian law-governed agreement for the purchase of a new vehicle, defining terms between seller and buyer while ensuring regulatory compliance.
Download
Export Sales Contract
Nigerian law-governed contract for international sale and export of goods, incorporating local export regulations and international trade practices.
Download
Hotel Purchase Agreement
A Nigerian law-governed agreement for the purchase and sale of a hotel property, including both real estate and business operational assets.
Download
Residential Real Estate Purchase Agreement
A legally binding agreement under Nigerian law for the purchase and sale of residential real estate property, ensuring compliance with the Land Use Act and relevant property regulations.
Download
Unconditional Sale And Purchase Agreement
A Nigerian law-governed agreement for the unconditional sale and purchase of assets or property, facilitating immediate transfer from seller to buyer.
Download
Purchase Contract For Home
A Nigerian law-governed contract for the sale and purchase of residential property, establishing terms and conditions for property transfer and ownership rights.
Download
Vehicle Installment Sale Agreement
A Nigerian law-governed agreement for the sale of vehicles through installment payments, detailing payment terms, ownership conditions, and party obligations.
Download
Commercial Property Sale Contract
A legally binding agreement for the sale and purchase of commercial property in Nigeria, compliant with Nigerian property law and regulations.
Download
Sales And Service Contract
A Nigerian law-governed contract combining product sales and service provision terms, ensuring compliance with local commercial regulations while facilitating business relationships.
Download
Residential Contract Of Sale
A Nigerian law-governed contract for the sale and purchase of residential property, detailing terms, conditions, and requirements for property transfer.
Download
Assignment Of Real Estate Purchase And Sale Agreement
A Nigerian law-governed agreement transferring rights and obligations under an existing real estate purchase agreement from the original purchaser to a new purchaser.
Download
Owner Finance Car Sale Contract
A Nigerian law-governed agreement for the sale of a vehicle with financing provided directly by the seller to the buyer.
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
.png)