Document background
The Shareholder Agreement Transfer Of Shares is a crucial document used when existing shareholders in a Nigerian company wish to transfer their shares to other parties, whether existing shareholders or new investors. This agreement is essential for companies operating under Nigerian law, particularly in compliance with the Companies and Allied Matters Act (CAMA) 2020. It should be used whenever shares are being transferred to ensure proper documentation of the transaction, protect the interests of all parties involved, and maintain compliance with regulatory requirements. The document typically includes detailed provisions about the transfer price, payment terms, warranties, representations, and various conditions that must be met before and after the transfer. It also addresses corporate governance implications of the transfer and ensures proper notification to relevant regulatory bodies, including the Corporate Affairs Commission.
