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Flat Fee Agreement

Flat Fee Agreement Template for Nigeria

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Key Requirements PROMPT example:

Flat Fee Agreement

"I need a Flat Fee Agreement for my IT consulting company based in Lagos, providing web development services to a corporate client, with a fixed fee of ₦1,000,000 to be paid in three installments, starting March 2025."

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Document background
This Flat Fee Agreement template is designed for use in professional service engagements within Nigeria where parties wish to establish a clear, fixed-price arrangement for specific services. The document is particularly suitable for consultants, professional service providers, and businesses seeking to formalize service arrangements with predetermined fees, avoiding the uncertainty of hourly or variable pricing models. It incorporates essential elements required under Nigerian contract law and professional services regulations, including detailed scope definition, payment terms, and service delivery obligations. The agreement is structured to protect both service provider and client interests while ensuring compliance with Nigerian legal requirements and professional standards. It's commonly used in various sectors from legal and consulting services to IT and creative industries, where scope and deliverables can be clearly defined upfront.
Suggested Sections

1. Parties: Identification of the service provider and client with full legal names and addresses

2. Background: Context of the agreement and brief description of the parties' intentions

3. Definitions: Key terms used throughout the agreement defined for clarity

4. Scope of Services: Detailed description of the services to be provided under the flat fee arrangement

5. Fee Structure: Clear statement of the flat fee amount and what it covers

6. Payment Terms: Timeline and method of payment, including any installment arrangements

7. Duration: Term of the agreement and completion timeline

8. Obligations of Service Provider: Detailed responsibilities and commitments of the service provider

9. Obligations of Client: Client's responsibilities and commitments to enable service delivery

10. Confidentiality: Protection of confidential information exchanged during the service

11. Termination: Conditions and process for ending the agreement

12. Governing Law: Specification of Nigerian law as governing law and jurisdiction

13. Entire Agreement: Confirmation that this document represents the complete agreement between parties

Optional Sections

1. Quality Standards: Specific quality metrics or standards to be met, used when service quality needs explicit definition

2. Intellectual Property Rights: Ownership and usage rights of any created materials, included when deliverables involve creative or technical works

3. Force Majeure: Provisions for unforeseen circumstances, particularly relevant in longer-term arrangements

4. Insurance: Insurance requirements and liability coverage, important for high-risk services

5. Non-Competition: Restrictions on competitive activities, relevant for specialized professional services

6. Dispute Resolution: Alternative dispute resolution procedures, useful for high-value agreements

7. Assignment: Rights to transfer obligations, important when subcontracting might be needed

Suggested Schedules

1. Schedule A - Detailed Scope of Work: Comprehensive breakdown of services and deliverables covered by the flat fee

2. Schedule B - Fee Breakdown: Detailed breakdown of the flat fee and payment milestones

3. Schedule C - Timeline: Project timeline with key milestones and delivery dates

4. Schedule D - Service Standards: Specific service levels and quality standards to be maintained

5. Appendix 1 - Required Documents: List of documents required from client for service delivery

6. Appendix 2 - Contact Details: Key contact persons and communication protocols

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

Legal Services

Consulting

Information Technology

Accounting and Financial Services

Marketing and Advertising

Engineering

Architecture

Project Management

Creative Services

Business Advisory

Training and Education

Construction

Healthcare Services

Relevant Teams

Legal

Finance

Procurement

Operations

Business Development

Sales

Contract Administration

Project Management

Professional Services

Risk Management

Compliance

Relevant Roles

Consultant

Legal Counsel

Business Development Manager

Project Manager

Financial Controller

Operations Manager

Procurement Manager

Contract Administrator

Chief Financial Officer

Managing Director

Professional Service Provider

Business Owner

Department Head

Account Manager

Sales Director

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

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