Document background
The Terms of Business Agreement serves as a foundational document for establishing business relationships in Nigeria, setting out the standard terms and conditions under which services or products are provided to clients. This document is essential for businesses operating in Nigeria who engage in regular transactions with customers or clients, whether they are providing professional services, goods, or other business solutions. The agreement ensures compliance with Nigerian legislation, including CAMA 2020, consumer protection laws, and data protection regulations. It typically includes provisions for service delivery, payment terms, confidentiality, intellectual property rights, liability limitations, and dispute resolution mechanisms. The Terms of Business Agreement is particularly crucial for protecting both parties' interests while ensuring clarity and legal certainty in their business relationship within the Nigerian jurisdiction.
