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Consultant Payment Agreement Template for Nigeria

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Key Requirements PROMPT example:

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."

Document background
The Consultant Payment Agreement is a crucial document used in Nigerian business transactions to formalize the financial arrangements between clients and consultants. This agreement is essential when engaging consultants, whether individual professionals or consulting firms, and requires careful consideration of Nigerian tax laws, foreign exchange regulations, and business practices. The document typically includes detailed payment schedules, tax considerations, service scope definitions, and compliance requirements with local regulations. It's particularly important in Nigeria's business environment where clear documentation of consulting arrangements is necessary for tax purposes and regulatory compliance. The agreement helps prevent disputes by clearly outlining payment terms, deliverables, and the parties' obligations while maintaining compliance with Nigerian contract law.
Suggested Sections

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

Optional Sections

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)

Suggested Schedules

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

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 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

Financial Services

Oil and Gas

Technology

Telecommunications

Manufacturing

Healthcare

Education

Agriculture

Construction

Professional Services

Real Estate

Mining

Retail

Environmental Services

Entertainment

Transportation and Logistics

Relevant Teams

Legal

Finance

Procurement

Human Resources

Operations

Compliance

Administration

Project Management

Business Development

Risk Management

Accounts Payable

Contract Administration

Relevant Roles

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

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,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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