Retainer Agreement Template for Nigeria

1. Conflict of Interest: Procedures for identifying and handling potential conflicts of interest - particularly important for legal or consulting services

2. Intellectual Property Rights: Provisions regarding ownership and use of intellectual property - relevant when creative or technical work is involved

3. Professional Indemnity Insurance: Details of insurance coverage - important for high-risk or regulated professional services

4. Force Majeure: Provisions for unforeseen circumstances preventing performance - optional but recommended

5. Data Protection: Specific provisions for handling personal data - necessary when personal data processing is involved

6. Anti-Money Laundering Compliance: Required for legal and financial services providers

7. Assignment and Subcontracting: Rules about transferring rights or obligations - important for larger organizations

8. Dispute Resolution: Alternative dispute resolution procedures - recommended for high-value retainers

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

2. Schedule 2 - Fee Schedule: Detailed fee structure, including hourly rates, retainer amounts, and additional charges

3. Schedule 3 - Key Personnel: List of key team members assigned to provide the services

4. Schedule 4 - Service Level Agreement: Specific performance metrics and service standards

5. Appendix A - Communication Protocol: Procedures for routine communications and reporting

6. Appendix B - Required Documentation: List of documents and information the client needs to provide