Termination Of Management Agreement Template for Nigeria

1. Transition Arrangements: Details of handover process and transition period, if applicable

2. Non-Compete and Non-Solicitation: Restrictions on future competitive activities and employee solicitation, if agreed

3. Surviving Provisions: Identification of provisions from original agreement that survive termination

4. Tax Provisions: Specific arrangements regarding tax liabilities and obligations

5. Dispute Resolution: Specific procedures for resolving disputes, if different from original agreement

6. Public Announcements: Requirements for public communications about the termination, particularly relevant for listed companies

7. Employee Matters: Provisions dealing with affected employees, if management included staff supervision

8. Intellectual Property Rights: Specific provisions regarding IP rights and licenses post-termination

1. Schedule 1 - Original Management Agreement: Copy or summary of the original management agreement being terminated

2. Schedule 2 - Outstanding Payments: Detailed list of any outstanding payments, fees, or financial obligations

3. Schedule 3 - Company Property Inventory: List of all company property, documents, and materials to be returned

4. Schedule 4 - Transition Plan: Detailed timeline and responsibilities for transition of management duties

5. Schedule 5 - Surviving Obligations: Comprehensive list of obligations that survive termination

6. Appendix A - Required Regulatory Filings: List of any necessary regulatory notifications or filings required under Nigerian law

7. Appendix B - Board Resolutions: Copies of relevant board resolutions authorizing the termination