Document background
The Joint Venture Management Agreement is a crucial document used when two or more entities wish to establish and manage a joint business venture in Nigeria. This agreement type is particularly important in the Nigerian business context, where joint ventures are common in sectors such as oil and gas, manufacturing, and infrastructure development. The document must comply with Nigerian legislation, including the Companies and Allied Matters Act 2020 and relevant sector-specific regulations. It typically addresses key aspects such as corporate governance, capital structure, operational control, profit sharing, and dispute resolution mechanisms. The agreement is especially relevant when international companies partner with local Nigerian entities, often incorporating local content requirements and foreign investment considerations.
