Memorandum Of Agreement For Business Partnership Template for Nigeria

1. Intellectual Property Rights: Used when the partnership involves creation or use of intellectual property, detailing ownership and usage rights

2. Non-Competition and Non-Solicitation: Include when partners need to be restricted from competing activities or soliciting clients/employees

3. International Operations: Required when the partnership involves cross-border activities or international partners

4. Employment of Partners: Necessary when partners will also be employees of the partnership

5. Insurance Requirements: Include when specific insurance coverage is necessary for the business operations

6. Environmental Compliance: Required for partnerships involved in activities with environmental impact

7. Technology and Data Protection: Include when the partnership involves significant data processing or technology assets

8. Force Majeure: Optional clause for handling unforeseen circumstances that may affect partnership operations

1. Schedule A - Capital Contributions: Detailed breakdown of each partner's initial and committed capital contributions

2. Schedule B - Profit Sharing Ratios: Specific percentages and conditions for profit and loss distribution

3. Schedule C - Business Plan: Detailed business plan including objectives, strategies, and financial projections

4. Schedule D - Assets Register: List of all assets contributed to or owned by the partnership

5. Schedule E - Partner Responsibilities: Detailed outline of specific roles and responsibilities of each partner

6. Appendix 1 - Management Procedures: Detailed procedures for day-to-day management and decision-making

7. Appendix 2 - Financial Procedures: Specific procedures for financial management and reporting

8. Appendix 3 - Compliance Requirements: List of regulatory and compliance requirements applicable to the partnership