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Business Development Contract Template for Nigeria

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Key Requirements PROMPT example:

Business Development Contract

"I need a Business Development Contract for engaging a consultant to expand our technology company's presence in Nigeria's northern states, starting March 2025, with a mixed compensation model of fixed monthly retainer and success-based commission for new client acquisitions."

Document background
The Business Development Contract serves as a crucial legal framework for establishing professional relationships between business development service providers and their clients in Nigeria. This document is essential when engaging external expertise for market expansion, client acquisition, or strategic growth initiatives. It should be used when a company seeks to formalize an arrangement with a business developer, whether an individual consultant or an agency, to pursue new business opportunities or expand existing operations. The contract encompasses key elements such as service scope, territory definitions, compensation structures, and performance metrics, all while ensuring compliance with Nigerian legal requirements including CAMA 2020, labor laws, and anti-corruption regulations. It's particularly relevant for both domestic and international businesses operating in Nigeria's dynamic market environment.
Suggested Sections

1. Parties: Identification and details of the contracting parties including company registration numbers and registered addresses

2. Background: Context of the agreement and brief description of the parties' business relationship

3. Definitions: Definitions of key terms used throughout the agreement

4. Scope of Services: Detailed description of business development services to be provided

5. Term and Territory: Duration of the agreement and geographical area covered

6. Compensation and Payment Terms: Fee structure, payment schedule, and related financial terms

7. Performance Targets: Specific business development goals and metrics for success

8. Obligations of the Business Developer: Detailed responsibilities and commitments of the service provider

9. Client Obligations: Responsibilities and commitments of the client

10. Reporting Requirements: Format, frequency, and content of progress reports

11. Confidentiality: Protection of confidential information and trade secrets

12. Intellectual Property Rights: Ownership and usage rights of IP developed during the engagement

13. Non-Competition and Non-Solicitation: Restrictions on competitive activities and employee solicitation

14. Termination: Conditions and procedures for ending the agreement

15. Governing Law and Jurisdiction: Specification of Nigerian law as governing law and jurisdiction for disputes

16. General Provisions: Standard legal provisions including force majeure, notices, and amendments

Optional Sections

1. Success Fee Structure: Details of performance-based compensation, used when compensation includes success fees or commission

2. International Operations: Specific provisions for cross-border activities, needed when business development extends beyond Nigeria

3. Sub-contractors: Terms governing the use of sub-contractors, included when sub-contracting is permitted

4. Training and Knowledge Transfer: Requirements for training client's staff, included when knowledge transfer is part of the scope

5. Data Protection: Specific provisions for handling personal and business data, required when significant data processing is involved

6. Marketing and Branding: Guidelines for using client's brand and marketing materials, needed when business developer will represent client publicly

7. Insurance Requirements: Specific insurance coverage requirements, included for high-value or high-risk services

Suggested Schedules

1. Schedule 1 - Service Description: Detailed breakdown of business development services and deliverables

2. Schedule 2 - Fee Schedule: Detailed fee structure, payment milestones, and calculation methods

3. Schedule 3 - Performance Metrics: Specific KPIs and measurement criteria for performance evaluation

4. Schedule 4 - Reporting Templates: Standard formats for required reports and documentation

5. Schedule 5 - Territory Map: Geographical areas covered by the agreement with specific inclusions/exclusions

6. Appendix A - Contact Details: Key contact persons and communication protocols

7. Appendix B - Compliance Requirements: Specific Nigerian regulatory requirements and compliance procedures

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok成人版 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions












































Clauses








































Relevant Industries

Technology

Financial Services

Manufacturing

Oil and Gas

Telecommunications

Agriculture

Real Estate

Healthcare

Education

Retail

Professional Services

Construction

Energy

Mining

Infrastructure

Transportation

FMCG

Entertainment

Relevant Teams

Business Development

Legal

Commercial

Sales

Strategy

Operations

Corporate Development

Partnerships

International Business

Compliance

Finance

Contract Management

Relevant Roles

Business Development Manager

Chief Executive Officer

Managing Director

Commercial Director

Sales Director

Strategic Partnership Manager

Market Development Manager

Growth Manager

Business Development Consultant

Chief Commercial Officer

Regional Manager

Country Manager

Legal Counsel

Contract Manager

Chief Operating Officer

Business Development Representative

Account Executive

Industries










Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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