tiktok成人版

Business Agreement Template for Nigeria

A comprehensive legal document governed by Nigerian law that establishes and formalizes business relationships between two or more parties. This agreement outlines the terms, conditions, rights, and obligations of all parties involved in a business transaction or relationship. It incorporates provisions compliant with Nigerian corporate law, particularly the Companies and Allied Matters Act (CAMA) 2020, and includes necessary elements for enforceability under Nigerian contract law. The document addresses key aspects such as scope of business, financial terms, dispute resolution mechanisms, and termination conditions, while considering local business practices and regulatory requirements.

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

Your data doesn't train Genie's AI

You keep IP ownership聽of your docs

4.6 / 5
4.6 / 5
4.8 / 5

What is a Business Agreement?

The Business Agreement serves as a fundamental legal instrument for establishing commercial relationships in Nigeria's business environment. It is essential for formalizing business arrangements between parties operating under Nigerian jurisdiction, whether they are local enterprises, international companies, or mixed partnerships. This document type is particularly crucial given Nigeria's position as Africa's largest economy and the complexity of its business landscape. The Business Agreement incorporates provisions that ensure compliance with Nigerian legislation, including the Companies and Allied Matters Act (CAMA) 2020, various tax laws, and relevant sector-specific regulations. It is commonly used for establishing trading relationships, service agreements, distribution arrangements, and other commercial partnerships, providing a clear framework for business operations while offering legal protection to all parties involved.

What sections should be included in a Business Agreement?

1. Parties: Identifies and provides full legal details of all parties to the agreement, including registration numbers for companies

2. Background/Recitals: Sets out the context and purpose of the agreement, including the business relationship between the parties

3. Definitions and Interpretation: Defines key terms used throughout the agreement and establishes interpretation rules

4. Scope of Agreement: Outlines the core business arrangement and main obligations of each party

5. Duration and Term: Specifies the commencement date, duration, and any renewal terms

6. Financial Terms: Details pricing, payment terms, invoicing procedures, and currency considerations

7. Obligations and Responsibilities: Lists specific duties and responsibilities of each party

8. Representations and Warranties: Contains statements of fact and promises made by each party

9. Confidentiality: Governs the handling and protection of confidential information

10. Termination: Specifies circumstances and procedures for ending the agreement

11. Dispute Resolution: Details procedures for resolving disputes, including jurisdiction and applicable law

12. General Provisions: Contains standard boilerplate clauses required under Nigerian law

13. Execution: Signature blocks and execution formalities compliant with Nigerian law

What sections are optional to include in a Business Agreement?

1. Intellectual Property Rights: Include when the agreement involves creation, licensing, or use of intellectual property

2. Data Protection: Include when personal data processing is involved in the business relationship

3. Force Majeure: Include when parties want protection from events beyond their control

4. Non-Competition: Include when restricting parties from competing activities

5. Insurance: Include when specific insurance coverage is required

6. Compliance with Laws: Include when specific regulatory compliance needs to be addressed

7. Assignment and Subcontracting: Include when transfer of rights or subcontracting needs to be regulated

8. Change Control: Include for agreements requiring formal processes for changes

9. Performance Metrics: Include when specific performance standards need to be met

10. Training and Support: Include when ongoing support or training is part of the agreement

What schedules should be included in a Business Agreement?

1. Schedule 1 - Services/Products: Detailed description of services or products covered by the agreement

2. Schedule 2 - Pricing and Payment Terms: Detailed breakdown of prices, rates, and payment structures

3. Schedule 3 - Service Levels: Specific performance metrics and service level requirements

4. Schedule 4 - Key Personnel: Details of key staff members involved in delivering the agreement

5. Schedule 5 - Technical Requirements: Technical specifications or requirements

6. Schedule 6 - Implementation Plan: Timeline and milestones for implementing the agreement

7. Appendix A - Required Forms: Standard forms and documents required under the agreement

8. Appendix B - Compliance Requirements: Specific regulatory or compliance requirements

9. Appendix C - Contact Details: Contact information for key representatives of each party

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok成人版 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents

Jurisdiction

Nigeria

Document Type

Agreement Contract

Cost

Free to use

Find the exact document you need

Business Agreement

A legally binding document under Nigerian law that establishes terms and conditions for business relationships between parties, ensuring compliance with local regulations and protecting all parties' interests.

Download

House Rent Agreement Form

A Nigerian law-compliant agreement establishing terms and conditions for residential property rental between landlord and tenant.

Download

Consignment Agreement Form

A Nigerian law-governed agreement establishing terms for consignment sales arrangements, detailing rights and obligations of consignor and consignee.

Download

General Tenancy Agreement

A Nigerian law-compliant agreement establishing terms and conditions for property rental between landlord and tenant, governed by the Recovery of Premises Act and state rent control laws.

Download

Standard Form Contract

A standardized contract template compliant with Nigerian law, designed for repeated use in similar business transactions.

Download

Money Agreement Between Two Parties

A Nigerian law-governed agreement establishing terms and conditions for a monetary loan between two parties, including loan amount, interest rates, and repayment terms.

Download

Side Agreement

A supplementary contract under Nigerian law that modifies or adds to an existing agreement's terms while maintaining compliance with Nigerian legal requirements.

Download

Mutual Agreement Between Two Parties

A bilateral agreement under Nigerian law establishing mutual rights and obligations between two parties, with comprehensive terms for business collaboration.

Download

Incorporation Agreement

A Nigerian law-governed agreement establishing a new company's structure, shareholding, and governance framework under CAMA 2020.

Download

Fixed Term Tenancy Agreement

A Nigerian law-governed agreement establishing terms and conditions for fixed-term property rental, defining rights and obligations of landlord and tenant.

Download

Casual Worker Contract

A Nigerian law-compliant contract establishing terms and conditions for casual employment relationships with flexible working arrangements.

Download

Boilerplate Agreement

A versatile Boilerplate Agreement template under Nigerian law, providing standardized terms for business relationships while ensuring compliance with local legal requirements.

Download

Tooling Agreement

A Nigerian law-governed agreement establishing terms for industrial tooling equipment, including design, manufacture, use, maintenance, and ownership rights.

Download

Representation Agreement

A Nigerian law-governed agreement establishing and regulating the relationship between a principal and their appointed representative, defining authority, terms, and obligations.

Download

Notary Rent Agreement

A legally authenticated rental agreement under Nigerian law, executed before a Notary Public, establishing terms and conditions for property rental.

Download

Land Agreement Between Two Parties

A Nigerian law-governed agreement for land transfer between two parties, ensuring compliance with the Land Use Act and state regulations.

Download

Contract Agreement Between Two Parties

A standard Nigerian law-compliant contract agreement template for establishing legal relationships between two parties, incorporating all essential elements required under Nigerian contract law.

Download

Common Terms Agreement

A Nigerian-law governed agreement establishing standard terms for syndicated lending transactions, harmonizing multiple facility agreements under one master document.

Download

Buyer Agency Agreement

A Nigerian law-governed agreement establishing the terms and conditions under which a real estate agent represents a buyer in property transactions.

Download

Contra Agreement

A Nigerian law-governed agreement establishing terms and conditions between a service provider and recipient, defining service scope, obligations, and mutual responsibilities.

Download

Security Agreement Form

A Nigerian law-governed agreement creating and evidencing security interests over assets, establishing rights and obligations between security provider and holder.

Download

House Construction Agreement Between Owner Contractor

A Nigerian law-governed agreement between property owner and contractor for residential house construction, defining work scope, terms, and obligations.

Download

Lodger Agreement

A Nigerian law-governed agreement establishing terms for a lodger's occupation of a room in an owner-occupied property.

Download

Head Of Terms Agreement

A preliminary agreement under Nigerian law outlining key commercial and legal terms for a proposed transaction or business arrangement.

Download

Professional Services Retainer Agreement

A Nigerian law-governed agreement establishing terms for ongoing professional services provided on a retainer basis.

Download

Supply Contract Form

A Nigerian law-governed contract template establishing terms and conditions for the supply of goods between commercial parties.

Download

Business Contract

A Nigerian business contract template for commercial relationships, compliant with CAMA 2020 and Nigerian commercial law.

Download

Bike Sale Agreement

A Nigerian law-governed agreement for the sale and purchase of a bike, ensuring legal compliance and protecting both parties' interests.

Download

Umbrella Agreement

A Nigerian law-governed master agreement establishing framework terms for future specific agreements between parties.

Download

Share Purchase 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.

Download

Work Contract

A Nigerian law-governed employment agreement establishing terms and conditions between employer and employee, ensuring compliance with local labor legislation.

Download

Volunteer Contract

A Nigerian law-governed agreement establishing the terms and conditions of a voluntary service relationship between an organization and a volunteer.

Download

Voluntary Service Agreement

A Nigerian law-governed agreement establishing the terms and conditions between an organization and a volunteer, outlining responsibilities and protections for both parties.

Download

Virtual Assistant Contract

A Nigerian law-governed agreement establishing terms and conditions for virtual assistant services, including scope, compensation, and compliance requirements.

Download

Vendor Services Agreement

Nigerian law-governed agreement defining terms and conditions for vendor service provision, including scope, payment, and performance standards.

Download

Vendor Contract

A Nigerian law-governed agreement establishing terms and conditions between a customer and vendor for the supply of goods/services.

Download

Vending Machine Agreement

A Nigerian law agreement governing the installation and operation of vending machines, including revenue sharing and operational requirements.

Download

Vehicle Agreement Between Two Parties

A legally binding vehicle sale and purchase agreement between two parties under Nigerian law, documenting transfer terms and ownership rights.

Download

Trust Contract

A Nigerian law-governed document establishing a trust arrangement between settlor, trustees, and beneficiaries, defining asset management and distribution terms.

Download

Tripartite Contract

A Nigerian law-governed tripartite contract establishing legal relationships and obligations between three parties in a commercial arrangement.

Download
See more related templates

骋别苍颈别鈥檚 Security Promise

Genie is the safest place to draft. Here鈥檚 how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; 骋别苍颈别鈥檚 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