Split Fee Agreement Template for Nigeria

1. Non-Compete: Restricts parties from engaging in competing activities, used when parties may have access to sensitive business information

2. Intellectual Property: Addresses ownership and usage of intellectual property, needed when the fee-splitting involves IP-related activities

3. Insurance: Specifies insurance requirements, important when activities involve significant risks or regulatory requirements

4. Assignment: Details whether and how rights under the agreement can be assigned, useful for larger commercial arrangements

5. Audit Rights: Grants parties the right to audit fee calculations and relevant records, important for complex fee structures

6. Force Majeure: Detailed provisions for handling unforeseen circumstances, particularly relevant in long-term arrangements

7. Data Protection: Addresses handling of personal data, necessary when arrangement involves processing personal information

1. Fee Calculation Schedule: Detailed breakdown of fee calculation methodologies and examples

2. Payment Procedures: Step-by-step process for fee calculations, invoicing, and payment

3. Authorized Representatives: List of designated representatives from each party authorized to handle fee-related matters

4. Service Level Requirements: Performance metrics and standards if the fee split is tied to service delivery

5. Compliance Requirements: Specific regulatory or compliance requirements applicable to the fee-splitting arrangement

6. Bank Account Details: Designated bank accounts for fee payments and transfers