Document background
The Tooling Agreement serves as a critical legal framework for companies engaged in industrial manufacturing and production activities within Nigeria. This document is essential when parties need to establish clear terms for the design, manufacture, use, and maintenance of industrial tools, dies, molds, or other manufacturing equipment. The agreement ensures compliance with Nigerian legal requirements, including the Patents and Designs Act, Industrial Standards Act, and relevant manufacturing regulations. It is particularly important in scenarios involving significant investment in tooling equipment, custom manufacturing processes, or long-term production arrangements. The Tooling Agreement addresses key aspects such as ownership rights, quality standards, maintenance responsibilities, and liability allocation, while incorporating necessary protections for intellectual property and confidential information under Nigerian law.
