Contribution And Indemnity Agreement Template for Nigeria

1. Multiple Party Provisions: Additional provisions for agreements with more than two parties, including contribution allocation and voting rights

2. Foreign Currency Provisions: Required when contributions involve foreign currency, addressing exchange rates and compliance with Nigerian foreign exchange regulations

3. Security Arrangements: Details any security or guarantees provided to support contribution obligations

4. Step-In Rights: Provisions allowing parties to step in and fulfill obligations of defaulting parties

5. Insurance Requirements: Specifies required insurance coverage related to indemnified matters

6. Dispute Resolution: Alternative dispute resolution procedures such as arbitration or mediation

7. Confidentiality: Required when sensitive information will be shared between parties

8. Force Majeure: Addresses circumstances beyond parties' control affecting performance

1. Schedule of Contributions: Detailed breakdown of contribution amounts, percentages, and timing for each party

2. Payment Details: Bank account and payment processing information for contributions

3. Indemnified Matters: Specific list of matters, claims, or losses covered by the indemnification

4. Claims Procedure Form: Standard form for making indemnification claims

5. Contact Information: Detailed contact information for notices and communications

6. Required Insurances: List of required insurance policies and minimum coverage amounts

7. Security Documents: Forms of any required security documents or guarantees