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Non Refundable Fee Agreement
"I need a Non Refundable Fee Agreement under Nigerian law for a technology consulting service, where my company will receive a 500,000 Naira upfront fee for initial project assessment and planning services."
1. Parties: Identification and details of the parties entering into the agreement
2. Background: Context of the agreement and relationship between the parties
3. Definitions: Defined terms used throughout the agreement
4. Fee Amount and Payment Terms: Specifies the non-refundable fee amount, payment schedule, and method of payment
5. Non-Refundable Nature: Clear statement and acknowledgment of the non-refundable nature of the fee
6. Purpose of Fee: Detailed description of the purpose for which the fee is being paid
7. Payment Process: Specific procedures for making payment, including account details and payment timeline
8. Representations and Warranties: Statements of fact and guarantees made by both parties
9. Term and Termination: Duration of the agreement and circumstances under which it may be terminated
10. Governing Law and Jurisdiction: Specification of Nigerian law as governing law and jurisdiction for disputes
11. Entire Agreement: Clause stating that this document represents the complete agreement between parties
12. Execution: Signature blocks and execution formalities
1. Services or Deliverables: If the fee is tied to specific services or deliverables, detailed description of what will be provided
2. Confidentiality: Include when sensitive information will be exchanged between parties
3. Force Majeure: Include when there's a need to address circumstances beyond parties' control
4. Assignment: Include when there's a need to restrict or permit transfer of rights under the agreement
5. Tax Provisions: Include when specific tax arrangements or VAT considerations need to be addressed
6. Dispute Resolution: Include when parties want to specify alternative dispute resolution methods before litigation
7. Notice Provisions: Include when formal communications between parties need specific procedures
1. Payment Schedule: Detailed breakdown of payment amounts and dates if payment is to be made in installments
2. Bank Details: Separate schedule containing complete banking information for payment
3. Service Specifications: If applicable, detailed description of services or deliverables related to the fee
4. Required Documentation: List of documents required for processing or validating the payment
Authors
Business Day
Commencement Date
Confidential Information
Fee
Force Majeure Event
Intellectual Property Rights
Notice
Party/Parties
Payment Date
Purpose
Services
Term
Working Hours
Applicable Law
Bank Account
Business Hours
Effective Date
Nigerian Naira
Payment Method
Representatives
Termination Date
VAT
Working Day
Non-Refundable Nature
Purpose of Fee
Representations and Warranties
Payment Process
Termination
Force Majeure
Confidentiality
Governing Law
Dispute Resolution
Notices
Assignment
Entire Agreement
Severability
Amendments
Further Assurance
Counterparts
Third Party Rights
Time of Essence
Costs
VAT and Taxation
Anti-Money Laundering
Authority
No Waiver
Professional Services
Financial Services
Real Estate
Education
Technology
Consulting
Construction
Healthcare
Energy
Manufacturing
Legal Services
Investment Banking
Legal
Finance
Compliance
Business Development
Operations
Sales
Risk Management
Procurement
Contract Administration
Treasury
Legal Counsel
Contract Manager
Business Development Manager
Financial Controller
Project Manager
Compliance Officer
Chief Financial Officer
Operations Manager
Sales Director
Account Executive
Investment Manager
Real Estate Agent
Education Administrator
Procurement Manager
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