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1. Parties: Identification of the parties entering into the agreement - typically the company owner/board and the management company/manager
2. Background: Context of the agreement, including brief description of the business and purpose of the management arrangement
3. Definitions: Detailed definitions of key terms used throughout the agreement
4. Appointment and Scope: Terms of appointment and detailed scope of management services to be provided
5. Duration and Term: Period of the agreement, including commencement date and any renewal provisions
6. Management Services: Comprehensive list and description of services to be provided by the management team
7. Manager's Rights and Obligations: Detailed responsibilities and authority of the manager
8. Company's Rights and Obligations: Responsibilities and obligations of the company, including provision of information and resources
9. Fees and Payment Terms: Management fees, payment schedule, expenses, and other financial terms
10. Performance Standards: Expected performance levels and quality standards for management services
11. Reporting Requirements: Regular reporting obligations and communication protocols
12. Confidentiality: Protection of confidential information and trade secrets
13. Intellectual Property: Ownership and usage rights of intellectual property
14. Termination: Grounds and procedures for termination of the agreement
15. Post-Termination Obligations: Obligations and procedures following termination
16. Dispute Resolution: Procedures for resolving disputes, including arbitration provisions
17. Governing Law: Specification of Nigerian law as governing law and jurisdiction
18. General Provisions: Standard boilerplate clauses including notices, amendments, and severability
1. Non-Compete and Non-Solicitation: Restrictions on competition and employee solicitation, used when protecting business interests is crucial
2. Force Majeure: Provisions for unforeseen circumstances, particularly relevant in volatile markets
3. Insurance: Insurance requirements and obligations, important for high-risk industries
4. Environmental Compliance: Environmental obligations and compliance requirements, necessary for industries with environmental impact
5. Local Content Requirements: Provisions ensuring compliance with Nigerian local content laws, relevant for certain industries
6. Foreign Exchange Provisions: Specific provisions for handling foreign currency transactions, needed when parties are from different countries
7. Technology Transfer: Provisions regarding transfer of technology and know-how, relevant for technical management agreements
8. Succession Planning: Provisions for training and development of local staff, important for knowledge transfer
9. Corporate Social Responsibility: CSR obligations and community engagement requirements, relevant for certain industries or locations
1. Schedule 1 - Scope of Services: Detailed breakdown of management services to be provided
2. Schedule 2 - Fee Structure: Detailed breakdown of management fees, performance bonuses, and payment terms
3. Schedule 3 - Key Performance Indicators: Specific performance metrics and evaluation criteria
4. Schedule 4 - Reporting Templates: Standard formats for required reports and communications
5. Schedule 5 - Key Personnel: List of key management personnel and their roles
6. Schedule 6 - Company Assets: Inventory of assets under management
7. Schedule 7 - Operating Procedures: Standard operating procedures and management protocols
8. Appendix A - Power of Attorney: If required, specific powers granted to management team
9. Appendix B - Insurance Requirements: Detailed insurance coverage requirements and terms
10. Appendix C - Compliance Checklist: List of regulatory requirements and compliance obligations
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