Joint Venture Mou Template for Nigeria

1. Local Content Compliance: Required when the joint venture operates in sectors with specific local content requirements (e.g., oil and gas)

2. Regulatory Approvals: Include when the joint venture requires specific regulatory clearances or licenses

3. Intellectual Property Rights: Necessary when the joint venture involves significant IP contributions or development

4. Environmental Compliance: Required for ventures in environmentally sensitive sectors

5. Foreign Exchange Provisions: Include when involving foreign partners and currency considerations

6. Force Majeure: Optional provision for circumstances that might prevent progression to definitive agreements

7. Anti-Corruption Compliance: Important when involving international partners or sectors with high corruption risk

8. Dispute Resolution: Detailed ADR provisions if parties want binding dispute resolution mechanisms during the MOU phase

1. Proposed Shareholding Structure: Detailed breakdown of proposed ownership percentages and share classes

2. Initial Contribution Schedule: Detailed list of proposed contributions from each party

3. Key Personnel: List of key management positions and proposed appointments

4. Timeline and Milestones: Detailed schedule of key dates and deliverables

5. Draft Term Sheet: Key terms for the definitive joint venture agreement

6. Required Regulatory Approvals: List of necessary regulatory clearances and licenses

7. Due Diligence Requirements: Outline of required due diligence items from each party

8. Proposed Business Plan Summary: High-level overview of business objectives and strategies