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1. Parties: Identifies and defines the parties to the agreement - typically the Financier and the Company
2. Background: Sets out the context of the agreement, including the Company's business and the purpose of the financing
3. Definitions and Interpretation: Defines key terms used throughout the agreement and establishes interpretation rules
4. Financing Amount and Purpose: Specifies the amount of financing provided and its intended use
5. Royalty Payments: Details the calculation method, rate, and basis for royalty payments
6. Payment Terms: Specifies payment frequency, method, currency, and payment procedures
7. Reporting Requirements: Outlines the Company's obligations to provide financial reports and relevant business information
8. Representations and Warranties: States the facts and assurances provided by each party
9. Covenants: Details ongoing obligations of the Company, including financial and operational commitments
10. Events of Default: Lists circumstances that constitute default and their consequences
11. Term and Termination: Specifies the duration of the agreement and circumstances for early termination
12. Confidentiality: Protects confidential information exchanged during the agreement
13. Governing Law and Jurisdiction: Specifies Nigerian law as governing law and establishes jurisdiction for disputes
14. General Provisions: Standard boilerplate clauses including notices, amendments, and assignment
1. Security: Include when the financing is secured by specific assets or guarantees
2. Intellectual Property Rights: Required when royalties are based on IP-related revenue or when IP transfer is involved
3. Foreign Exchange Provisions: Include when parties are from different jurisdictions or payments involve foreign currency
4. Change of Control: Add when restrictions on ownership changes are needed
5. Minimum Guaranteed Royalty: Include when establishing a floor for royalty payments
6. Maximum Royalty Cap: Add when setting an upper limit on royalty payments
7. Buy-out Options: Include when allowing early termination through a predetermined payment
8. Step-in Rights: Add when Financier requires right to take control in specific circumstances
1. Schedule 1 - Calculation of Royalty: Detailed methodology for calculating royalty payments, including specific formulas and examples
2. Schedule 2 - Form of Financial Reports: Templates and requirements for periodic financial reporting
3. Schedule 3 - Initial Business Plan: Company's business plan and financial projections
4. Schedule 4 - Payment Procedures: Detailed procedures for making and reconciling royalty payments
5. Schedule 5 - Key Performance Indicators: Metrics used to measure business performance and impact on royalties
6. Appendix A - Agreed Form Documents: Standard forms for notices, certificates, and other routine communications
7. Appendix B - Security Documents: If applicable, documents relating to any security or guarantees provided
Technology
Manufacturing
Entertainment
Mining and Natural Resources
Agriculture
Renewable Energy
Healthcare
E-commerce
Media and Publishing
Food and Beverage
Software Development
Pharmaceuticals
Real Estate
Legal
Finance
Treasury
Corporate Development
Executive Leadership
Risk Management
Compliance
Business Development
Accounting
Corporate Secretariat
Chief Financial Officer
Finance Director
Investment Manager
Legal Counsel
Corporate Lawyer
Business Development Director
Chief Executive Officer
Treasury Manager
Financial Controller
Risk Manager
Commercial Director
Company Secretary
Investment Analyst
Corporate Finance Manager
Compliance Officer
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