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Technology Development Agreement Template for Nigeria

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Key Requirements PROMPT example:

Technology Development Agreement

"I need a Technology Development Agreement for a mobile banking app development project starting March 2025, where my Nigerian fintech company will engage a local software development firm to create a secure payment application that complies with Central Bank of Nigeria regulations."

Document background
The Technology Development Agreement is essential for organizations engaging in custom technology development projects in Nigeria. It is particularly relevant when commissioning bespoke software, systems, or technological solutions. This agreement type is structured to comply with Nigerian legislation, including the NITDA Act, Patents and Designs Act, and Data Protection Regulations. It addresses key aspects such as intellectual property rights, development methodology, acceptance criteria, and payment terms while considering local business practices and regulatory requirements. The agreement is commonly used when there's a need for detailed documentation of technical specifications, development milestones, and deliverables, providing clear guidelines for project execution and dispute resolution under Nigerian jurisdiction.
Suggested Sections

1. Parties: Identification and details of the parties entering into the agreement

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

3. Definitions: Detailed definitions of technical and legal terms used throughout the agreement

4. Scope of Development: Detailed description of the technology to be developed and project objectives

5. Development Process: Timeline, methodology, and development phases

6. Deliverables: Specific outputs and acceptance criteria for the technology being developed

7. Project Management: Roles, responsibilities, and communication protocols

8. Intellectual Property Rights: Ownership and licensing of pre-existing and newly developed IP

9. Confidentiality: Protection of confidential information and trade secrets

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

11. Warranties and Representations: Technical and legal warranties provided by both parties

12. Term and Termination: Duration of agreement and circumstances for termination

13. Dispute Resolution: Process for resolving disputes under Nigerian law

14. General Provisions: Standard legal clauses including governing law, notices, and assignment

Optional Sections

1. Source Code Escrow: Required when source code needs to be held in escrow for security

2. Data Protection: Required when personal data processing is involved, to ensure NDPR compliance

3. Third-Party Components: Needed when the development incorporates third-party software or tools

4. Training and Knowledge Transfer: Include when training of client personnel is part of the scope

5. Maintenance and Support: Required when post-development support is part of the agreement

6. Export Control: Needed for international technology transfer scenarios

7. Security Requirements: Include when specific security standards or certifications are required

8. Change Management: Required for projects with likely scope changes during development

Suggested Schedules

1. Technical Specifications: Detailed technical requirements and specifications for the technology

2. Project Timeline: Detailed development phases, milestones, and delivery dates

3. Acceptance Test Criteria: Specific criteria and procedures for accepting deliverables

4. Fee Schedule: Detailed breakdown of fees, payment milestones, and payment terms

5. Service Level Agreement: Performance metrics and service levels for the development process

6. Personnel Schedule: Key personnel assigned to the project and their roles

7. Third-Party Licenses: List of third-party software licenses and terms

8. Security Requirements: Detailed security specifications and compliance requirements

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

Information Technology

Financial Services

Telecommunications

Healthcare

E-commerce

Manufacturing

Education

Government

Oil and Gas

Agriculture

Transportation

Retail

Professional Services

Research and Development

Energy

Relevant Teams

Legal

Information Technology

Procurement

Research & Development

Project Management

Operations

Compliance

Finance

Risk Management

Business Development

Technical Architecture

Software Development

Quality Assurance

Relevant Roles

Chief Technology Officer

IT Director

Project Manager

Legal Counsel

Contract Manager

Software Development Manager

Chief Information Officer

Procurement Manager

Technical Lead

Solutions Architect

Business Development Manager

Chief Executive Officer

Chief Operating Officer

Risk Manager

Compliance Officer

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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