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Consultant Payment Agreement
"I need a Consultant Payment Agreement for a Lagos-based tech consultant who will provide IT infrastructure services to our manufacturing company for 6 months starting January 2025, with monthly payments of 500,000 Naira and potential performance bonuses."
1. Parties: Identifies and provides full details of the contracting parties - the client and the consultant
2. Background: Sets out the context of the agreement and the parties' intention to enter into a consulting arrangement
3. Definitions: Defines key terms used throughout the agreement for clarity and legal certainty
4. Scope of Services: Detailed description of the consulting services to be provided
5. Term and Termination: Duration of the agreement and circumstances under which it can be terminated
6. Payment Terms: Details of consulting fees, payment schedule, invoicing requirements, and payment methods
7. Obligations of the Consultant: Key responsibilities and duties of the consultant
8. Obligations of the Client: Key responsibilities and duties of the client
9. Confidentiality: Provisions protecting confidential information shared during the engagement
10. Intellectual Property: Ownership and rights regarding any IP created during the consulting work
11. Independent Contractor Status: Clear statement that the relationship is one of independent contractor, not employment
12. Governing Law and Jurisdiction: Specifies Nigerian law as governing law and sets jurisdiction for disputes
13. Entire Agreement: Standard boilerplate confirming this document represents the complete agreement
14. Execution: Signature blocks and execution formalities
1. Non-Compete: Restrictions on consultant's ability to work with competitors (include if protecting market position is important)
2. Non-Solicitation: Prevents consultant from soliciting client's employees or customers (include if protecting business relationships is crucial)
3. Insurance: Requirements for professional indemnity or other insurance (include for high-risk consulting work)
4. Force Majeure: Provisions for unforeseen circumstances preventing performance (include if long-term or critical services)
5. Assignment: Rights to assign the agreement to other parties (include if either party might need to transfer rights)
6. Dispute Resolution: Detailed dispute resolution procedures including mediation/arbitration (include for high-value agreements)
7. Change Control: Process for making changes to the scope of services (include for complex or long-term projects)
8. Currency and Exchange Rates: Provisions for handling foreign currency payments (include for international consultants)
1. Schedule A - Services Description: Detailed breakdown of consulting services, deliverables, and timelines
2. Schedule B - Fee Schedule: Detailed breakdown of fees, expenses, and payment milestones
3. Schedule C - Key Personnel: List of key consultant personnel assigned to the project (if applicable)
4. Schedule D - Service Levels: Performance metrics and service level requirements (if applicable)
5. Appendix 1 - Required Documentation: List of required certificates, permits, or qualifications
6. Appendix 2 - Approved Expenses: List of pre-approved expenses and reimbursement procedures
Authors
Financial Services
Oil and Gas
Technology
Telecommunications
Manufacturing
Healthcare
Education
Agriculture
Construction
Professional Services
Real Estate
Mining
Retail
Environmental Services
Entertainment
Transportation and Logistics
Legal
Finance
Procurement
Human Resources
Operations
Compliance
Administration
Project Management
Business Development
Risk Management
Accounts Payable
Contract Administration
Chief Financial Officer
Finance Director
Procurement Manager
Legal Counsel
Human Resources Director
Project Manager
Operations Director
Contracts Manager
Compliance Officer
Business Development Manager
Managing Director
Company Secretary
Financial Controller
Head of Department
Department Manager
Administrative Manager
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