Partnership Payment Agreement Template for Nigeria

1. Currency Exchange: Required when payments involve multiple currencies, specifying exchange rate mechanisms and risk allocation

2. Electronic Payments: Specific provisions for electronic payment systems and digital banking requirements

3. International Transfers: Required when partners are in different countries, addressing international payment regulations

4. Security Arrangements: Provisions for securing payment obligations through guarantees or other security mechanisms

5. Force Majeure: Provisions for handling payment obligations during extraordinary circumstances

6. Confidentiality: Required when sensitive financial information needs protection

7. Anti-Money Laundering Compliance: Required for high-value transactions or when dealing with regulated sectors

8. Partnership Committee: Establishment of a committee to oversee payment-related decisions, useful for larger partnerships

1. Schedule 1 - Payment Schedule: Detailed timeline of payment obligations and amounts

2. Schedule 2 - Profit Calculation Formula: Detailed methodology for calculating distributable profits

3. Schedule 3 - Bank Account Details: Specific banking information for all parties

4. Schedule 4 - Partner Capital Contributions: Record of initial and subsequent capital contributions

5. Schedule 5 - Accounting Principles: Specific accounting methods and principles to be applied

6. Appendix A - Payment Notice Templates: Standard forms for payment notices and confirmations

7. Appendix B - Financial Reporting Templates: Standard formats for required financial reports

8. Appendix C - Compliance Certificates: Templates for periodic compliance certifications