Document background
The Exclusive Vendor Agreement is a critical commercial document used when a company wishes to establish a sole supplier relationship with a vendor in Nigeria. This agreement is particularly important in situations requiring guaranteed supply chains, consistent quality standards, or strategic partnerships. The document comprehensively covers all aspects of the exclusive commercial relationship, including detailed terms of supply, pricing mechanisms, performance standards, and compliance with Nigerian competition laws. It's structured to protect both parties' interests while ensuring compliance with local regulations, particularly the Federal Competition and Consumer Protection Act 2018. The agreement is essential for businesses seeking to establish long-term, exclusive supply arrangements in the Nigerian market, providing clear frameworks for operations, dispute resolution, and relationship management.
