Advisory Services Contract Template for Nigeria

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Key Requirements PROMPT example:

Advisory Services Contract

"I need an Advisory Services Contract for my management consulting firm to provide strategic planning services to a Nigerian manufacturing company, including quarterly performance reviews and monthly reporting requirements, with services commencing January 1, 2025."

Document background
The Advisory Services Contract is essential for formalizing professional advisory relationships in Nigeria's business environment. This document is typically used when engaging external consultants, advisors, or professional service firms to provide specialized expertise, strategic guidance, or technical support. The contract ensures compliance with Nigerian legal requirements while protecting both parties' interests through clear delineation of services, responsibilities, and commercial terms. It incorporates necessary provisions for confidentiality, intellectual property rights, and professional liability, adapted to Nigerian law and business practices. The document is particularly important given Nigeria's growing professional services sector and the increasing need for specialized advisory services across various industries.
Suggested Sections

1. Parties: Identification of the advisor and client, including full legal names, registration numbers, and addresses

2. Background: Context of the agreement and brief description of the parties' business relationship

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

4. Scope of Services: Detailed description of the advisory services to be provided

5. Term and Termination: Duration of the agreement and conditions for termination

6. Fees and Payment Terms: Compensation structure, payment schedule, and expenses

7. Obligations of the Advisor: Duties, responsibilities, and service standards of the advisor

8. Obligations of the Client: Client's responsibilities, including provision of information and cooperation

9. Confidentiality: Protection of confidential information and trade secrets

10. Intellectual Property: Ownership and rights to materials and deliverables

11. Representations and Warranties: Basic warranties about capacity to contract and service quality

12. Limitation of Liability: Caps on liability and exclusions

13. Dispute Resolution: Process for resolving disputes, including governing law and jurisdiction

14. General Provisions: Standard boilerplate clauses including notices, assignment, and entire agreement

Optional Sections

1. Non-Competition: Restrictions on advisor's ability to work with competitors, used when services involve sensitive market information

2. Force Majeure: Provisions for unforeseen circumstances, particularly relevant in long-term advisory relationships

3. Insurance: Requirements for professional indemnity insurance, relevant for high-risk advisory services

4. Data Protection: Specific provisions for handling personal data under NDPR, needed when services involve data processing

5. Anti-Corruption: Compliance with anti-corruption laws, essential for government-related advisory work

6. Key Personnel: Identification of specific individuals responsible for service delivery, useful for complex advisory arrangements

7. Service Levels: Specific performance metrics and standards, relevant for quantifiable advisory services

8. Subcontracting: Terms for engaging subcontractors, needed when advisor may delegate work

Suggested Schedules

1. Schedule 1 - Scope of Services: Detailed breakdown of specific services, deliverables, and timelines

2. Schedule 2 - Fee Schedule: Detailed fee structure, rates, and payment terms

3. Schedule 3 - Service Levels: Specific performance metrics and measurement criteria

4. Schedule 4 - Key Personnel: Details of key team members and their roles

5. Schedule 5 - Client Materials: List of materials and information to be provided by the client

6. Appendix A - Reporting Requirements: Format and frequency of progress reports and updates

7. Appendix B - Compliance Requirements: Specific regulatory or industry compliance requirements

8. Appendix C - Contact Details: Contact information for key representatives from both parties

Authors

Alex Denne

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

Relevant legal definitions
Clauses
Relevant Industries

Financial Services

Technology

Energy and Natural Resources

Manufacturing

Healthcare

Education

Telecommunications

Real Estate

Agriculture

Professional Services

Public Sector

Non-Profit

Construction

Retail and Consumer Goods

Transportation and Logistics

Relevant Teams

Legal

Procurement

Finance

Operations

Risk and Compliance

Human Resources

Strategy

Business Development

Project Management

Corporate Services

Relevant Roles

Chief Executive Officer

Legal Counsel

Procurement Manager

Contract Manager

Chief Financial Officer

Business Development Manager

Project Manager

Operations Director

Risk Manager

Compliance Officer

Human Resources Director

Strategy Director

Management Consultant

Professional Advisor

Department Head

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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