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1. Parties: Identification and details of all parties involved in the agreement, including their legal status and addresses
2. Background: Context of the transaction and relationship between the parties
3. Definitions: Clear definitions of key terms used throughout the agreement
4. Subject Matter: Detailed description of the asset or property intended to be purchased
5. Purchase Price: Proposed purchase price and any conditions or mechanisms for price adjustment
6. Due Diligence: Terms regarding the buyer's right to conduct due diligence and the seller's obligations to facilitate this
7. Conditions Precedent: Conditions that must be satisfied before proceeding with the final purchase
8. Duration and Exclusivity: Period during which the intent to purchase remains valid and any exclusivity arrangements
9. Deposit Terms: Details of any deposit required, including amount, payment terms, and conditions for refund or forfeiture
10. Confidentiality: Obligations regarding confidential information shared during the process
11. Governing Law and Jurisdiction: Specification of Nigerian law as governing law and jurisdiction for dispute reֱ
1. Break Fee: Terms regarding any break fee payable if either party withdraws from the transaction - include if there's significant due diligence cost or risk
2. Regulatory Approvals: Section dealing with required regulatory approvals - include if the transaction requires government or regulatory consent
3. Financing Conditions: Terms regarding the buyer's financing arrangements - include if purchase is subject to financing
4. Asset Management: Provisions regarding management of the asset during the interim period - include for business or property purchases
5. Employee Matters: Provisions regarding employees if the purchase involves a business - include for business acquisitions
6. Environmental Matters: Environmental considerations and responsibilities - include for industrial property or business purchases
7. Intellectual Property: Provisions regarding IP rights - include if the purchase involves intellectual property
1. Asset Description Schedule: Detailed description of the asset or property intended to be purchased
2. Due Diligence Requirements: List of documents and information required for due diligence
3. Timeline Schedule: Proposed timeline for key milestones including due diligence, negotiations, and completion
4. Required Approvals: List of required regulatory or third-party approvals
5. Excluded Assets: List of assets specifically excluded from the intended purchase, if applicable
6. Form of Final Agreement: Proposed form or key terms of the final purchase agreement
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