Drafting Business Agreement Guide

Summary

To draft an agreement between Amatus Prime Nigeria Limited, P & M Investment Limited, and Mr. Ahmed, include key elements such as identifying all parties, defining roles and responsibilities, outlining shareholding and directorship, and specifying that equity is for business transactions only. Clearly state that shareholding does not dictate profit sharing and provide a separate profit-sharing formula if applicable. Include duration, termination conditions, and dispute resolution provisions. Additionally, prepare a Memorandum of Understanding (MOU) for project-specific profit sharing and ensure CAC documents are amended accordingly. Consulting a legal professional in Lagos is recommended to ensure compliance with local laws and address specific details.

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Also a MOU will be prepared for any project done together to determine profit sharing. Amatus and P&M and Mr Ahmed are separate entities before coming together for the purpose of this particular object. That the CAC document is amended in accordance to the details of this MOU. The project the parties are working on is property development
To draft an agreement for this arrangement, you should consider including the following key elements:
*. Parties Involved: Clearly identify all parties (Amatus Prime Nigeria Limited, P & M Investment Limited, and Mr. Ahmed).
*. Roles and Responsibilities:
- Mr. Ahmed: Investor, Director, and Shareholder in Amatus.
- P & M Investment Ltd: Responsible for Sales & Financial, Director, and *% Shareholder in Amatus.
- Amatus Prime Nigeria Limited: Property development and construction.
*. Shareholding and Directorship:
- Outline the shareholding structure and directorship roles.
- Specify that the equity is solely for business transactions and does not influence profit sharing.
*. Profit Sharing:
- Clearly state that shareholding does not dictate profit sharing.
- Provide a separate profit-sharing formula if applicable.
*. Duration and Termination:
- Specify the duration of the agreement and conditions for termination.
*. Dispute Resolution:
- Include provisions for resolving any disputes that may arise.
It is advisable to consult a legal professional in Lagos to ensure the agreement complies with local laws and addresses all necessary details specific to your situation.