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Simple Business Agreement Contract
"I need a Simple Business Agreement Contract for my tech consulting company based in Lagos to provide IT services to a manufacturing client, starting from March 2025, with specific clauses addressing data protection and confidentiality requirements under Nigerian law."
1. Parties: Identifies and provides full details of all parties entering into the agreement, including registration numbers for companies
2. Background: Sets out the context and purpose of the agreement, including any relevant history or relationships between the parties
3. Definitions: Defines key terms used throughout the agreement to ensure clear interpretation
4. Scope of Agreement: Outlines the specific business relationship, services, or goods covered by the agreement
5. Duration and Term: Specifies the commencement date and duration of the agreement, including any renewal terms
6. Payment Terms: Details the pricing, payment schedule, invoicing requirements, and payment methods
7. Obligations of the Parties: Lists the specific duties and responsibilities of each party
8. Representations and Warranties: Contains standard assertions about the parties' capacity and authority to enter into the agreement
9. Termination: Specifies how and when the agreement can be terminated by either party
10. Confidentiality: Protects sensitive business information shared during the course of the agreement
11. Governing Law: Specifies Nigerian law as the governing law and jurisdiction for disputes
12. Execution: Formal signing section with date and witness requirements under Nigerian law
1. Force Majeure: Include when parties want protection from events beyond their control that could affect performance
2. Intellectual Property: Include when the agreement involves creation, licensing, or use of intellectual property
3. Insurance: Include when specific insurance coverage is required for the business relationship
4. Assignment: Include when parties need to address the transfer of rights or obligations
5. Non-Competition: Include when parties want to restrict competitive activities
6. Dispute Resolution: Include when parties want to specify alternative dispute resolution methods before litigation
7. Data Protection: Include when personal data processing is involved in the business relationship
8. Change Control: Include when the agreement may need formal procedures for making changes to scope or terms
1. Schedule 1 - Services/Products: Detailed description of services or products covered by the agreement
2. Schedule 2 - Pricing Structure: Detailed breakdown of prices, rates, or fees
3. Schedule 3 - Service Levels: Performance metrics and standards if applicable
4. Schedule 4 - Key Personnel: List of key contacts and responsible personnel from each party
5. Appendix A - Required Forms: Standard forms or templates to be used during the contract period
6. Appendix B - Technical Requirements: Technical specifications or requirements if applicable
Authors
Applicable Law
Business Day
Commencement Date
Confidential Information
Contract Price
Effective Date
Force Majeure Event
Intellectual Property Rights
Material Breach
Notice
Parties
Payment Terms
Services
Term
Territory
Working Hours
Business Premises
Representatives
Deliverables
Good Industry Practice
Nigerian Naira
Quarter
Related Company
Termination Date
VAT
Writing
Scope of Agreement
Term and Duration
Payment Terms
Obligations
Representations and Warranties
Confidentiality
Intellectual Property
Liability and Indemnification
Force Majeure
Termination
Assignment
Notices
Dispute Resolution
Governing Law
Entire Agreement
Amendment
Severability
Waiver
Third Party Rights
Compliance with Laws
Insurance
Record Keeping
Data Protection
Non-Competition
Relationship of Parties
Retail
Manufacturing
Professional Services
Technology
Distribution
Agriculture
Construction
Healthcare
Education
Hospitality
Logistics
Consulting
Real Estate
Financial Services
Legal
Operations
Commercial
Procurement
Finance
Business Development
Administration
Compliance
Sales
Corporate Services
Business Owner
Managing Director
Chief Executive Officer
Operations Manager
Commercial Manager
Business Development Manager
Contract Administrator
Legal Counsel
Procurement Manager
Finance Manager
Project Manager
Department Head
Sales Manager
General Manager
Company Secretary
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