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Preferred Partner Agreement for Nigeria

Preferred Partner Agreement Template for Nigeria

A Preferred Partner Agreement under Nigerian law establishes a privileged business relationship between two entities, where one party is granted preferential status in providing goods, services, or business opportunities to the other. This agreement, governed by Nigerian commercial law, details the terms of the preferred partnership, including exclusivity provisions, commercial terms, performance standards, and compliance requirements. It incorporates specific provisions to align with Nigerian competition laws and local business practices while establishing clear frameworks for partnership operations, risk allocation, and dispute resolution.

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Preferred Partner Agreement

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What is a Preferred Partner Agreement?

The Preferred Partner Agreement is a crucial commercial document used when companies operating in Nigeria wish to establish strategic business relationships with preferred vendors, suppliers, or service providers. This agreement type is particularly relevant in the Nigerian market where building strong, formalized business partnerships is essential for successful operations. The document addresses key aspects required under Nigerian law, including competition compliance, local content requirements where applicable, and specific commercial terms. It provides a comprehensive framework for managing the preferred partnership relationship, including exclusivity provisions, performance metrics, and dispute resolution mechanisms. The agreement is designed to protect both parties' interests while ensuring compliance with Nigerian regulatory requirements and business practices.

What sections should be included in a Preferred Partner Agreement?

1. Parties: Identification of the parties entering into the agreement, including full legal names and registered addresses

2. Background: Context of the agreement, relationship between parties, and purpose of the preferred partnership

3. Definitions: Definitions of key terms used throughout the agreement

4. Appointment and Scope: Terms of appointment as preferred partner and scope of the partnership arrangement

5. Term and Renewal: Duration of the agreement and conditions for renewal

6. Partner Obligations: Key responsibilities and commitments of the preferred partner

7. Company Obligations: Key responsibilities and commitments of the appointing company

8. Commercial Terms: Pricing, payment terms, and financial arrangements

9. Performance Standards: Required service levels, quality standards, and performance metrics

10. Intellectual Property: Rights and restrictions regarding IP usage

11. Confidentiality: Protection and handling of confidential information

12. Termination: Grounds and process for termination

13. Consequences of Termination: Post-termination obligations and wrap-up procedures

14. General Provisions: Standard legal provisions including notices, amendments, and governing law

What sections are optional to include in a Preferred Partner Agreement?

1. Exclusivity: Terms of exclusive arrangements, if applicable

2. Marketing and Branding: Rules for marketing activities and brand usage, if relevant

3. Training and Support: Details of training and support provisions if required

4. Insurance: Insurance requirements if specific coverage is needed

5. Compliance with Laws: Specific regulatory compliance requirements, particularly relevant for regulated industries

6. Data Protection: Specific data handling and protection provisions if personal data is involved

7. Force Majeure: Provisions for handling unforeseen circumstances

8. Anti-Corruption: Specific anti-corruption provisions if dealing with government contracts or high-risk sectors

9. Change Control: Procedures for managing changes to services or terms if the relationship is complex

What schedules should be included in a Preferred Partner Agreement?

1. Schedule 1 - Services Description: Detailed description of services or products covered under the partnership

2. Schedule 2 - Commercial Terms: Detailed pricing, payment terms, and commercial arrangements

3. Schedule 3 - Performance Metrics: Detailed KPIs and performance measurement criteria

4. Schedule 4 - Technical Requirements: Technical specifications and requirements if applicable

5. Schedule 5 - Approved Locations: List of approved locations for service delivery or operations

6. Appendix A - Contact Details: Key contact information for both parties

7. Appendix B - Required Forms: Standard forms and documents used in the partnership

8. Appendix C - Brand Guidelines: Guidelines for brand usage if marketing rights are granted

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 | Serial Founder & Legal AI Author

Jurisdiction

Nigeria

Cost

Free to use
Relevant legal definitions















































Clauses










































Relevant Industries

Manufacturing

Technology

Telecommunications

Oil and Gas

Financial Services

Healthcare

Retail

Construction

Agriculture

Professional Services

Logistics

Consumer Goods

Education

Energy

Relevant Teams

Legal

Procurement

Commercial

Business Development

Operations

Supply Chain

Vendor Management

Compliance

Finance

Strategy

Relevant Roles

Chief Executive Officer

Commercial Director

Procurement Manager

Legal Counsel

Business Development Manager

Operations Director

Contract Manager

Partnership Manager

Supply Chain Manager

Vendor Relations Manager

Chief Operating Officer

Commercial Manager

Strategic Sourcing Manager

Head of Legal

Compliance Officer

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, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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