tiktok³ÉÈË°æ

All Countries
Corporate Governance
Shareholder Resignation Agreement

Shareholder Resignation Agreement Template for Nigeria

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Shareholder Resignation Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Shareholder Resignation Agreement

"I need a Shareholder Resignation Agreement for my tech startup in Lagos, where a minority shareholder holding 15% shares is leaving to pursue other opportunities, with the shares being distributed equally among the remaining three shareholders by March 2025."

Celebrated by
Collaborations with
Investors
Document background
The Shareholder Resignation Agreement is a crucial document used when a shareholder wishes to exit their investment in a Nigerian company, whether due to retirement, dispute resolution, or strategic business decisions. This agreement, governed by Nigerian law including CAMA 2020, provides a structured framework for managing the shareholder's departure, protecting both the departing shareholder's and the company's interests. It details the share transfer mechanism, payment terms, mutual releases, and any continuing obligations. The document is particularly important for maintaining clear corporate records, ensuring regulatory compliance with the Corporate Affairs Commission, and preventing future disputes. It may also address tax implications, confidentiality requirements, and non-compete provisions depending on the circumstances of the resignation.
Suggested Sections

1. Parties: Identification of the resigning shareholder, the company, and remaining shareholders (if parties to the agreement)

2. Background: Context of the shareholding, reason for resignation, and current corporate structure

3. Definitions: Key terms used throughout the agreement including Share Capital, Transfer Date, Completion, etc.

4. Resignation and Share Transfer: Core provisions detailing the shareholder's resignation and the mechanism for transfer or disposal of shares

5. Consideration: Details of payment or consideration for the shares, including payment terms and mechanisms

6. Completion: Specific actions required to complete the resignation and share transfer, including documentation requirements

7. Representations and Warranties: Standard warranties from both parties regarding capacity, ownership, and authority

8. Release and Discharge: Mutual release of claims and obligations between the parties

9. Confidentiality: Obligations regarding confidential information and company secrets

10. General Provisions: Standard boilerplate clauses including notices, entire agreement, governing law, etc.

Optional Sections

1. Non-Compete and Non-Solicitation: Restrictions on the resigning shareholder's future business activities, used when protecting company interests is crucial

2. Ongoing Obligations: Any continuing duties or responsibilities of the resigning shareholder, used when there are remaining connections to the business

3. Tax Provisions: Specific arrangements regarding tax liabilities and responsibilities, used when tax implications are significant

4. Dispute Resolution: Detailed dispute resolution procedures, used when parties want specific mechanisms beyond court litigation

5. Director Resignation: Additional provisions if the shareholder is also resigning as a director, used when applicable

6. Intellectual Property Rights: Provisions regarding IP ownership and usage rights, used when the shareholder was involved in IP creation

Suggested Schedules

1. Share Details: Schedule detailing the number, class, and value of shares being transferred

2. Completion Requirements: Checklist of documents and actions required for completion

3. Payment Terms: Detailed payment schedule and mechanisms if payment is in installments

4. Company Information: Current corporate structure and shareholding details

5. Required Notices and Filings: List of necessary notifications to CAC and other regulatory bodies

6. Calculation of Consideration: Formula or methodology for calculating share value if applicable

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions

































Clauses



























Relevant Industries

Financial Services

Manufacturing

Technology

Real Estate

Energy

Healthcare

Retail

Professional Services

Agriculture

Construction

Mining

Telecommunications

Education

Transportation

Media and Entertainment

Relevant Teams

Legal

Corporate Secretarial

Finance

Compliance

Corporate Affairs

Board Secretariat

Risk Management

Tax

Shareholder Relations

Corporate Governance

Relevant Roles

Chief Executive Officer

Managing Director

Company Secretary

Legal Counsel

Corporate Lawyer

Chief Financial Officer

Finance Director

Board Director

Compliance Officer

Corporate Governance Officer

Investment Manager

Shareholder Relations Manager

Risk Manager

Tax Manager

Corporate Affairs Manager

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Share Allocation Agreement

A Nigerian law-governed agreement detailing the terms and conditions for allocating company shares to subscribers, in compliance with CAMA 2020.

find out more

Shareholder Resignation Agreement

A Nigerian law-governed agreement documenting a shareholder's resignation from a company and the transfer or redemption of their shares.

find out more

Minority Protection Rights Shareholders Agreement

A Nigerian law-governed agreement establishing minority shareholder rights and protections within a company, ensuring fair treatment and representation under CAMA 2020.

find out more

Single Shareholder Agreement

A Nigerian law-governed agreement establishing the legal framework between a company and its sole shareholder, outlining rights, obligations, and corporate governance structures.

find out more

Pre Emption Rights In Shareholders Agreement

A Nigerian law-governed agreement establishing shareholders' pre-emptive rights to purchase shares before they can be sold to third parties.

find out more

Shareholders Agreement Contract

A Nigerian law-governed agreement defining shareholders' rights, obligations, and relationships within a company, compliant with CAMA 2020.

find out more

Shareholder Representative Agreement

A Nigerian law-governed agreement appointing a representative to act on behalf of shareholders in corporate matters, defining their powers, duties, and responsibilities.

find out more

Private Company Shareholder Agreement

A Nigerian law-governed agreement that regulates relationships and rights between shareholders in a private company, ensuring proper corporate governance and shareholder protection.

find out more

Shareholder Sale Agreement

A Nigerian law-governed agreement documenting the terms and conditions for the sale and purchase of shares in a company, including price, warranties, and completion requirements.

find out more

Shareholder Operating Agreement

A Nigerian law-governed agreement establishing shareholders' rights, responsibilities, and company operational framework under CAMA 2020.

find out more

New Shareholder Agreement

A Nigerian law-governed agreement establishing rights and obligations between company shareholders, compliant with CAMA 2020.

find out more

Directors Agreement

A Nigerian law-governed agreement establishing the terms, duties, and obligations of a company director under CAMA 2020.

find out more

Shareholder Release Agreement

A Nigerian law-governed agreement that documents the release of claims and obligations between a departing shareholder and a company/continuing shareholders.

find out more

Shareholder Termination Agreement

A Nigerian law-governed agreement that formalizes a shareholder's exit from a company, including share transfer terms and post-termination obligations.

find out more

Shareholder Contract

A Nigerian law-governed agreement establishing rights and obligations between company shareholders, compliant with CAMA 2020.

find out more

Shareholders Agreement Transfer Of Shares

A Nigerian law-governed agreement facilitating the transfer of shares between shareholders, compliant with CAMA 2020 requirements.

find out more

Stakeholders Agreement

A Nigerian law-governed agreement that defines and regulates relationships, rights, and obligations between company stakeholders.

find out more

LLC Shareholder Agreement

A Nigerian law-governed agreement establishing rights and obligations between LLC shareholders, compliant with CAMA 2020.

find out more

Shareholders Agreement For Private Limited Company

A Nigerian law-governed agreement establishing rights and obligations between shareholders of a private limited company, ensuring compliance with CAMA 2020.

find out more

Shareholder Support Agreement

A Nigerian law-governed agreement defining shareholders' commitments to provide financial or operational support to a company, including specific support obligations and enforcement mechanisms.

find out more

Non Compete Shareholders Agreement

A Nigerian law-governed agreement establishing non-compete obligations between shareholders and protecting company interests through restrictive covenants.

find out more

Entrusted Shareholding Agreement

A Nigerian law-governed agreement establishing a nominee shareholding arrangement where one party holds shares in trust for another party as beneficial owner.

find out more

Share Subscription And Shareholders Agreement

A Nigerian law-governed agreement combining share subscription terms and shareholders' rights and obligations, ensuring regulatory compliance while protecting all parties' interests.

find out more

Partnership Shareholder Agreement

A Nigerian law-governed agreement establishing terms and conditions between partners who are shareholders in a business entity.

find out more

Share Contribution Agreement

A Nigerian law-governed agreement documenting the contribution of shares from one party to another, typically used in corporate restructuring or investment transactions.

find out more

Employee Shareholder Agreement

A Nigerian law-governed agreement establishing the terms and conditions for an individual's role as both employee and shareholder of a company.

find out more

Shareholder Subscription Agreement

A Nigerian law-governed agreement setting out terms for new share subscription in a company, including price, warranties, and completion conditions.

find out more

Shareholder Transfer Agreement

A Nigerian law-governed agreement facilitating the formal transfer of shares between shareholders, outlining terms, conditions, and regulatory compliance requirements.

find out more

Shareholder Purchase Agreement

A Nigerian law-governed agreement documenting the sale and purchase of shares in a company, including terms, conditions, and statutory compliance requirements.

find out more

Nominee Shareholder Agreement

A Nigerian law-governed agreement establishing a nominee shareholder arrangement for shares in a Nigerian company, defining rights and obligations of both nominee and beneficial owner.

find out more

Amended And Restated Shareholders Agreement

A Nigerian law-governed agreement that consolidates and updates existing shareholders' arrangements into a single, comprehensive document.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

³Ò±ð²Ô¾±±ð’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; ³Ò±ð²Ô¾±±ð’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

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our for more details and real-time security updates.

Read our Privacy Policy.