Management Operating Agreement Template for Nigeria

1. Non-Competition: Restrictions on operator's ability to compete, used when protecting market position is crucial

2. Force Majeure: Provisions for unforeseen circumstances, particularly relevant in volatile markets

3. Insurance: Detailed insurance requirements, used when specific coverage needs to be mandated

4. Environmental Compliance: Environmental obligations and compliance requirements, crucial for industries with environmental impact

5. Local Content Requirements: Provisions ensuring compliance with Nigerian local content laws, relevant for certain industries

6. Currency and Exchange Rate: Provisions dealing with currency fluctuations, relevant for international operators

7. Asset Management: Specific provisions for management of physical assets, relevant for asset-heavy operations

8. Emergency Procedures: Protocols for emergency situations, important for high-risk operations

1. Schedule 1 - Services Description: Detailed breakdown of management services to be provided

2. Schedule 2 - Fee Structure: Detailed calculation of management fees, incentives, and payment terms

3. Schedule 3 - Key Performance Indicators: Specific performance metrics and targets

4. Schedule 4 - Required Reports: List and format of required operational and financial reports

5. Schedule 5 - Key Personnel: Identification of key management positions and initial appointees

6. Schedule 6 - Operating Procedures: Detailed operational procedures and standards

7. Schedule 7 - Assets Register: List of assets under management

8. Appendix A - Power of Attorney: If required, detailed scope of operator's authority to act on owner's behalf

9. Appendix B - Insurance Requirements: Detailed insurance coverage requirements and minimum limits

10. Appendix C - Compliance Requirements: Specific regulatory and compliance requirements applicable to the operation