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The Real Estate Consultant Fee Agreement is a crucial document used in the Nigerian real estate sector to formalize the relationship between professional real estate consultants and their clients. This agreement is essential when engaging consultants for services such as property valuation, market analysis, development advisory, or investment consulting. The document is structured to comply with Nigerian legal requirements, including the Estate Surveyors and Valuers Registration Act and other relevant property laws. It provides comprehensive coverage of service scope, fee structures, payment terms, and professional obligations while incorporating necessary protections for both parties. The agreement is particularly important in the Nigerian context where the real estate sector is rapidly evolving and professional consulting services are increasingly in demand for both local and international transactions.

1. Parties: Identifies and provides full details of the consultant and the client, including registration numbers and addresses

2. Background: Establishes the context of the agreement, including the client's need for real estate consulting services and the consultant's qualifications

3. Definitions: Defines key terms used throughout the agreement to ensure clarity and prevent misinterpretation

4. Scope of Services: Detailed description of the consulting services to be provided, including specific deliverables and expectations

5. Term of Agreement: Specifies the duration of the agreement, including start date and end date or renewal terms

6. Fees and Payment Terms: Details the consultant's fees, payment schedule, and method of payment

7. Obligations of the Consultant: Lists the consultant's duties, responsibilities, and professional standards to be maintained

8. Obligations of the Client: Specifies the client's responsibilities, including providing necessary information and access

9. Confidentiality: Provisions for protecting confidential information shared during the engagement

10. Intellectual Property: Addresses ownership and usage rights of any materials or reports produced

11. Termination: Conditions and procedures for ending the agreement by either party

12. Dispute Resolution: Procedures for handling disagreements, including mediation and arbitration provisions

13. Governing Law: Specifies Nigerian law as the governing law and relevant jurisdiction

14. General Provisions: Standard clauses including notices, amendments, and entire agreement provisions