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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."
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
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
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
Technology
Financial Services
Manufacturing
Oil and Gas
Telecommunications
Agriculture
Real Estate
Healthcare
Education
Retail
Professional Services
Construction
Energy
Mining
Infrastructure
Transportation
FMCG
Entertainment
Business Development
Legal
Commercial
Sales
Strategy
Operations
Corporate Development
Partnerships
International Business
Compliance
Finance
Contract Management
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
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