Document background
The Master Contract is designed for businesses seeking to establish a long-term contractual framework in Nigeria. It serves as an overarching agreement that sets out the fundamental terms and conditions governing the parties' relationship, while allowing for specific details to be agreed upon in subsequent agreements or work orders. This document is particularly valuable for companies engaging in repeated transactions or ongoing services in Nigeria, as it streamlines future contracting processes while ensuring compliance with Nigerian law. The Master Contract typically includes provisions for ordering procedures, general terms of service, pricing mechanisms, and compliance requirements, while maintaining flexibility for future specific arrangements. It is especially relevant for international companies doing business in Nigeria, as it can address local content requirements, currency considerations, and specific Nigerian regulatory compliance obligations.
