This General Business Contract template is designed to facilitate commercial relationships between businesses operating in Nigeria. It provides a structured framework for documenting business agreements while ensuring compliance with Nigerian contract law, CAMA 2020, and other relevant legislation. The document is particularly useful for companies seeking to establish clear, legally-binding business relationships in Nigeria's dynamic commercial environment. It includes provisions for essential business terms, risk allocation, dispute resolution, and regulatory compliance, making it suitable for both domestic and international business transactions. The template can be adapted for various business purposes while maintaining its enforceability under Nigerian law and incorporating local business practices and legal requirements.
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1. Parties: Detailed identification of contracting parties, including registration numbers and addresses
2. Background: Context of the agreement and brief description of why parties are entering into it
3. Definitions: Definitions of key terms used throughout the agreement
4. Scope of Agreement: Clear outline of the business relationship and services/goods covered
5. Duration and Term: Contract period, commencement date, and renewal terms
6. Financial Terms: Pricing, payment terms, invoicing, and any applicable taxes
7. Obligations of the Parties: Detailed responsibilities and commitments of each party
8. Representations and Warranties: Standard legal assurances from each party
9. Confidentiality: Protection of confidential information and trade secrets
10. Termination: Circumstances and process for ending the agreement
11. Dispute Resolution: Process for resolving disputes, including jurisdiction and governing law
12. Force Majeure: Provisions for unforeseen circumstances preventing performance
13. Notices: How formal communications between parties should be made
14. General Provisions: Standard boilerplate clauses including assignment, variation, and severability
1. Intellectual Property Rights: Include when deal involves IP creation, usage, or transfer
2. Data Protection: Include when personal data processing is involved
3. Insurance: Include when specific insurance requirements are needed
4. Performance Metrics: Include when specific service levels or KPIs need to be maintained
5. Compliance with Laws: Include when specific regulatory compliance needs emphasis
6. Staff and Subcontracting: Include when services involve personnel or subcontractor usage
7. Change Control: Include for contracts requiring formal process for changes
8. Anti-Corruption: Include for high-value contracts or government-related work
9. Environmental Compliance: Include when environmental impacts are relevant
1. Schedule 1 - Services/Products Specification: Detailed description of services or products being provided
2. Schedule 2 - Pricing and Payment Terms: Detailed breakdown of prices, rates, and payment schedules
3. Schedule 3 - Service Levels: Specific performance metrics and measurement criteria
4. Schedule 4 - Key Personnel: List of key staff members and their roles if applicable
5. Schedule 5 - Form of Change Order: Template for documenting agreed changes
6. Appendix A - Required Insurance Coverage: Details of insurance types and coverage levels
7. Appendix B - Compliance Requirements: Specific regulatory or compliance requirements
Authors
Relevant legal definitions
Clauses
Relevant Industries
Manufacturing
Retail
Technology
Financial Services
Professional Services
Construction
Agriculture
Healthcare
Energy
Transportation
Telecommunications
Real Estate
Consumer Goods
Mining
Education
Hospitality
Relevant Teams
Legal
Procurement
Finance
Commercial
Operations
Risk and Compliance
Business Development
Sales
Corporate Affairs
Administration
Relevant Roles
Legal Counsel
Contract Manager
Business Development Manager
Chief Executive Officer
Chief Financial Officer
Commercial Director
Operations Manager
Procurement Manager
Risk Manager
Compliance Officer
Company Secretary
General Manager
Managing Director
Project Manager
Sales Manager
Business Unit Head
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