Investment Management Contract Template for Nigeria

The Investment Management Contract serves as the foundational document establishing the professional relationship between licensed investment managers and their clients in Nigeria. This document is essential when an individual, corporation, or institutional investor delegates investment decision-making authority to a professional manager regulated by the Nigerian Securities and Exchange Commission. The contract comprehensively addresses investment objectives, strategies, risk parameters, fee structures, and reporting requirements while ensuring compliance with Nigerian financial regulations and SEC guidelines. It includes specific provisions for asset protection, regulatory reporting, and risk management, making it suitable for both domestic and international investment activities. The agreement is particularly critical in the Nigerian context where regulatory oversight of investment management activities has increased, requiring detailed documentation of investment mandates and client relationships.

1. Parties: Identification of the investment manager and the client, including their respective registration/incorporation details and addresses

2. Background: Context of the agreement, including the manager's regulatory status and client's investment objectives

3. Definitions: Key terms used throughout the agreement, including regulatory and technical investment terminology

4. Appointment and Authority: Formal appointment of the investment manager and scope of discretionary authority

5. Investment Objectives and Guidelines: Agreed investment strategy, restrictions, and risk parameters

6. Services and Responsibilities: Detailed description of investment management services and manager's duties

7. Client's Responsibilities: Client obligations including information provision and regulatory compliance

8. Fees and Expenses: Management fees, performance fees, and other charges, including calculation methods and payment terms

9. Reporting and Valuations: Frequency and content of portfolio reports, valuation methodology

10. Risk Disclosures: Mandatory risk warnings and acknowledgments

11. Conflicts of Interest: Disclosure and management of potential conflicts

12. Confidentiality: Protection of confidential information and data privacy obligations

13. Term and Termination: Duration of agreement and termination provisions

14. Liability and Indemnification: Extent of manager's liability and mutual indemnification provisions

15. Governing Law and Jurisdiction: Nigerian law as governing law and jurisdiction for disputes

16. Notices: Communication methods and contact details for formal notices

17. General Provisions: Standard boilerplate clauses including assignment, amendments, and severability