Professional Services Retainer Agreement Template for Nigeria

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Key Requirements PROMPT example:

Professional Services Retainer Agreement

"I need a Professional Services Retainer Agreement for my IT consulting firm in Lagos, Nigeria, to provide ongoing cybersecurity services to a multinational bank, including monthly security audits and incident response services starting March 2025."

Document background
The Professional Services Retainer Agreement is essential for businesses and professionals in Nigeria who provide ongoing services to clients on a regular basis. This document is typically used when a client requires consistent access to professional expertise or services over an extended period, rather than project-based engagements. It establishes a formal framework under Nigerian law for the provision of professional services, covering key aspects such as scope of work, service levels, payment terms, and professional obligations. The agreement ensures compliance with Nigerian regulatory requirements while protecting both the service provider's and client's interests in a long-term professional relationship. It's particularly valuable for situations requiring regular, recurring professional services with predictable fee arrangements.
Suggested Sections

1. Parties: Identification and details of the service provider and client

2. Background: Context of the agreement and relationship between the parties

3. Definitions: Key terms used throughout the agreement

4. Scope of Services: Detailed description of professional services to be provided under the retainer

5. Term and Renewal: Duration of the retainer agreement and renewal provisions

6. Fees and Payment Terms: Retainer fee structure, payment schedule, and billing procedures

7. Service Provider's Obligations: Key responsibilities and commitments of the service provider

8. Client's Obligations: Key responsibilities and commitments of the client

9. Confidentiality: Protection and handling of confidential information

10. Intellectual Property: Ownership and rights to work products and pre-existing IP

11. Limitation of Liability: Extent and limitations of service provider's liability

12. Termination: Grounds and procedures for ending the agreement

13. Governing Law and Jurisdiction: Nigerian law as governing law and jurisdiction for disputes

14. Execution: Signature blocks and execution formalities

Optional Sections

1. Non-Compete: Restrictions on service provider's ability to work with competitors - use when dealing with sensitive industry sectors

2. Data Protection: Specific provisions for handling personal data - include when services involve data processing

3. Force Majeure: Provisions for unforeseeable circumstances - important in long-term or high-value retainers

4. Insurance: Professional indemnity and other insurance requirements - include for high-risk services

5. Anti-Corruption: Compliance with anti-corruption laws - essential for government-related work or high-value contracts

6. Assignment: Rights to transfer the agreement - include when dealing with corporate clients

7. Dispute Resolution: Alternative dispute resolution procedures - useful for high-value or complex services

Suggested Schedules

1. Schedule 1 - Scope of Services: Detailed breakdown of services covered under the retainer

2. Schedule 2 - Fee Schedule: Detailed fee structure, rates, and payment terms

3. Schedule 3 - Service Levels: Performance metrics and service standards

4. Schedule 4 - Key Personnel: List of key team members and their roles

5. Schedule 5 - Reports and Deliverables: Format and frequency of required reports and deliverables

6. Appendix A - Communication Protocol: Procedures for routine communications and escalations

7. Appendix B - Compliance Requirements: Specific regulatory or professional standards to be met

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
Clauses
Relevant Industries

Legal Services

Consulting

Information Technology

Financial Services

Engineering

Architecture

Healthcare

Education

Marketing and Advertising

Human Resources

Accounting and Audit

Management Consulting

Environmental Services

Research and Development

Relevant Teams

Legal

Procurement

Finance

Operations

Business Development

Risk and Compliance

Human Resources

Project Management

Account Management

Executive Leadership

Relevant Roles

Legal Counsel

Contract Manager

Professional Service Provider

Consultant

Business Development Manager

Chief Financial Officer

Operations Director

Procurement Manager

Project Manager

Account Manager

Chief Executive Officer

Risk Manager

Compliance Officer

Human Resources Director

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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