Royalty Contract Template for Nigeria

1. Minimum Guarantee: Used when there is a minimum guaranteed royalty payment regardless of actual sales/usage

2. Quality Control: Included for trademark or brand licensing to maintain quality standards

3. Foreign Exchange Provisions: Required for international agreements involving foreign currency transactions

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

5. Development Obligations: Used when the agreement involves ongoing development or improvement of the licensed property

6. Marketing and Promotion: Included when specific marketing obligations or restrictions apply

7. Exclusivity Provisions: Used when granting exclusive rights in certain territories or for certain applications

8. Force Majeure: Detailed force majeure provisions beyond standard clause, particularly relevant for operational royalty agreements

1. Schedule 1 - Licensed Rights: Detailed description of the intellectual property or assets subject to royalties

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

3. Schedule 3 - Reporting Template: Standard format for periodic royalty reports

4. Schedule 4 - Territory Definition: Detailed description of geographical territories covered

5. Schedule 5 - Quality Standards: Specific quality requirements and standards (if applicable)

6. Appendix A - Required Notices and Markings: Specific requirements for copyright, trademark, or patent notices

7. Appendix B - Approved Sub-licensees: List of pre-approved sub-licensees (if applicable)