Management Agreement Contract Template for Nigeria

The Management Agreement Contract is essential for businesses in Nigeria seeking professional management expertise while maintaining legal compliance and operational efficiency. This document is typically used when a company wishes to delegate management responsibilities to a specialized service provider, whether for the entire operation or specific departments. The agreement must align with Nigerian legal requirements, including the Companies and Allied Matters Act (CAMA) 2020, local content laws, and industry-specific regulations. It details crucial elements such as management scope, performance metrics, fee structures, reporting requirements, and risk allocation. The document is particularly relevant in scenarios involving business restructuring, expansion projects, or when specialized management expertise is required to improve operational efficiency.

1. Parties: Identifies and defines the contracting parties - typically the company/owner and the management service provider

2. Background: Sets out the context of the agreement and the parties' intentions

3. Definitions and Interpretation: Defines key terms used throughout the agreement and establishes interpretation rules

4. Appointment and Scope: Formally establishes the management appointment and outlines the scope of services

5. Term and Renewal: Specifies the duration of the agreement and any renewal provisions

6. Management Services: Detailed description of the services to be provided by the management company

7. Duties and Responsibilities: Specific obligations of the management company and the client

8. Performance Standards: Establishes the expected quality and standards of service delivery

9. Fees and Payment Terms: Details of management fees, payment schedule, and payment methods

10. Reporting Requirements: Specifies regular reporting obligations and performance metrics

11. Representations and Warranties: Standard warranties from both parties about their capacity and authority

12. Confidentiality: Provisions protecting confidential information of both parties

13. Intellectual Property: Addresses ownership and usage of intellectual property

14. Termination: Grounds and process for terminating the agreement

15. Post-Termination Obligations: Duties and responsibilities after agreement termination

16. Indemnification: Mutual indemnification provisions for various risks

17. Dispute Resolution: Process for resolving disputes, including jurisdiction and applicable law

18. General Provisions: Standard boilerplate clauses including notices, amendment process, and severability