Royalty Agreement Template for Nigeria

1. Quality Control: For trademark licenses or where product quality needs to be maintained

2. Minimum Performance Requirements: Where minimum sales or usage levels need to be maintained

3. Foreign Exchange Provisions: For international agreements requiring currency conversion and foreign remittance

4. Sub-licensing Rights: Where the licensee is permitted to sub-license the rights

5. Development Obligations: For agreements involving ongoing development or improvement of the licensed property

6. Marketing and Promotion: Requirements for marketing and promoting the licensed property

7. Regulatory Compliance: Specific provisions for NOTAP approval and other regulatory requirements

8. Insurance: Requirements for insurance coverage related to the licensed property or its use

9. Force Majeure: Provisions for handling unforeseen circumstances affecting performance

1. Schedule 1 - Licensed Property: Detailed description of the intellectual property being licensed, including registration numbers

2. Schedule 2 - Royalty Calculation Method: Detailed formula and examples of royalty calculations

3. Schedule 3 - Territory: Detailed description of the geographic territory covered by the license

4. Schedule 4 - Reporting Template: Template for regular royalty reports

5. Schedule 5 - Quality Standards: Detailed quality requirements and specifications if applicable

6. Schedule 6 - Approved Sub-licensees: List of pre-approved sub-licensees if applicable

7. Appendix A - Required Markings: Specifications for intellectual property notices and markings

8. Appendix B - Regulatory Approvals: Copies of relevant regulatory approvals including NOTAP registration