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1. Parties: Identifies the parties entering into the agreement and their registered addresses
2. Background: Sets out the context and purpose of the cost sharing arrangement
3. Definitions: Defines key terms used throughout the agreement
4. Scope of Shared Costs: Detailed description of which costs are to be shared under the agreement
5. Cost Allocation Methodology: Explains how costs will be allocated between parties, including the basis for calculation
6. Payment Terms: Specifies payment procedures, timing, and currency
7. Budgeting and Forecasting: Process for establishing budgets and forecasting shared costs
8. Record Keeping and Audit Rights: Requirements for maintaining records and rights to audit
9. Confidentiality: Provisions regarding the treatment of confidential information
10. Term and Termination: Duration of the agreement and circumstances for termination
11. Governing Law and Jurisdiction: Specifies Nigerian law as governing law and jurisdiction for disputes
1. Tax Provisions: Specific provisions for tax treatment and VAT - include when parties need clarity on tax implications
2. Foreign Exchange Provisions: Include when agreement involves international parties or foreign currency payments
3. Intellectual Property Rights: Include when shared costs involve development or use of intellectual property
4. Force Majeure: Include when parties want specific provisions for handling unforeseen circumstances
5. Anti-Corruption Compliance: Include when dealing with government entities or high-risk sectors
6. Change Control Procedure: Include when arrangement requires flexibility to modify cost sharing formula or scope
7. Service Levels: Include when cost sharing relates to specific service delivery standards
1. Schedule 1 - Cost Categories: Detailed breakdown of categories of costs to be shared
2. Schedule 2 - Allocation Keys: Specific formulas and metrics used for cost allocation
3. Schedule 3 - Billing and Payment Procedures: Detailed procedures for billing, invoicing and payment
4. Schedule 4 - Authorized Representatives: List of authorized representatives for each party
5. Schedule 5 - Budget Template: Template for annual/periodic budgets
6. Appendix A - Cost Allocation Examples: Practical examples showing how cost allocation works
7. Appendix B - Reporting Templates: Standard templates for regular cost reporting
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