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Fee Share Agreement Template for Nigeria

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Key Requirements PROMPT example:

Fee Share Agreement

"I need a Fee Share Agreement between my consulting firm and three independent contractors in Lagos, Nigeria, with a 70-30 split of project revenues and quarterly payments starting from March 2025."

Document background
A Fee Share Agreement is essential when two or more parties wish to formalize an arrangement for sharing fees or revenue generated from joint activities or referrals in Nigeria. This document type is commonly used in professional services, consulting, and business partnerships where parties collaborate to generate revenue and need a clear framework for fee distribution. The agreement must comply with Nigerian contract law, tax regulations, and any applicable professional body requirements. It typically includes detailed provisions on fee calculation methods, payment procedures, party obligations, and compliance requirements. A Fee Share Agreement is particularly important in Nigeria's business environment to ensure transparency, maintain proper records for tax purposes, and provide a clear dispute resolution mechanism.
Suggested Sections

1. Parties: Identification and details of all parties entering into the fee-sharing arrangement

2. Background: Context of the agreement and relationship between the parties

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

4. Fee Sharing Structure: Detailed breakdown of how fees will be shared, including percentages or fixed amounts

5. Payment Terms: Timeline and method of fee payments, including invoicing procedures

6. Obligations of the Parties: Specific duties and responsibilities of each party under the agreement

7. Term and Termination: Duration of the agreement and circumstances under which it can be terminated

8. Confidentiality: Provisions regarding the handling of confidential information

9. Record Keeping and Audit Rights: Requirements for maintaining financial records and rights to audit

10. Dispute Resolution: Process for resolving disputes between parties

11. Governing Law: Specification of Nigerian law as the governing law

12. Entire Agreement: Standard boilerplate confirming this document represents the complete agreement

Optional Sections

1. Non-Compete: Restrictions on competitive activities, used when parties may compete for business

2. Intellectual Property Rights: IP ownership and usage rights, included when shared work may create IP

3. Insurance: Insurance requirements, included when specific coverage is needed

4. Force Majeure: Provisions for unforeseen circumstances, included for longer-term arrangements

5. Assignment: Rights to assign the agreement, included when transfer rights need to be restricted

6. Marketing and Branding: Guidelines for public communications, included when public representation is relevant

7. Compliance with Professional Regulations: Added when parties are subject to professional body regulations

8. Data Protection: Added when personal data processing is involved in the arrangement

Suggested Schedules

1. Schedule 1 - Fee Calculation Method: Detailed methodology for calculating shared fees

2. Schedule 2 - Payment Procedures: Specific procedures for invoicing and payment processing

3. Schedule 3 - Service Levels: Performance metrics and standards if applicable

4. Schedule 4 - Authorized Representatives: List of authorized persons who can act on behalf of each party

5. Appendix A - Required Forms: Standard forms for invoicing, reporting, or other administrative processes

6. Appendix B - Compliance Checklist: Regulatory and professional compliance requirements

Authors

Alex Denne

Head of Growth (Open Source Law) @ ºÚÁÏÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions






























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Relevant Industries

Legal Services

Professional Services

Consulting

Financial Services

Real Estate

Healthcare

Information Technology

Business Services

Education and Training

Recruitment

Professional Sports

Entertainment

Marketing and Advertising

Relevant Teams

Legal

Finance

Business Development

Operations

Compliance

Professional Services

Partnership Management

Revenue Management

Contract Administration

Risk Management

Relevant Roles

Managing Partner

Chief Executive Officer

Business Development Manager

Legal Counsel

Finance Director

Operations Manager

Professional Consultant

Partnership Manager

Compliance Officer

Contract Manager

Business Owner

Professional Services Director

Chief Financial Officer

Revenue Manager

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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