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Business Advisory Agreement Template for Nigeria

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Key Requirements PROMPT example:

Business Advisory Agreement

"I need a Business Advisory Agreement for my UK-based management consulting firm to provide strategic growth advisory services to a Nigerian manufacturing company, starting March 2025, with specific provisions for cross-border data protection and international payments."

Document background
The Business Advisory Agreement serves as a crucial legal framework for professional advisory relationships in Nigeria's business environment. It is typically used when companies or organizations seek professional guidance on business operations, strategy, finance, or other specialized areas. The agreement ensures clarity in the scope of services, protects both parties' interests, and establishes clear deliverables and payment terms. This document must comply with Nigerian legislation, including the Companies and Allied Matters Act (CAMA) 2020, Nigeria Data Protection Regulation (NDPR) 2019, and relevant tax laws. It's particularly important for maintaining professional standards, protecting confidential information, and providing a clear framework for dispute resolution in the Nigerian business context.
Suggested Sections

1. Parties: Identifies and provides full details of the advisor and the client

2. Background: Sets out the context of the agreement and the parties' intentions

3. Definitions: Defines key terms used throughout the agreement

4. Scope of Services: Detailed description of the advisory services to be provided

5. Term and Commencement: Specifies the duration of the agreement and start date

6. Fees and Payment Terms: Details the compensation structure, payment schedule, and invoicing procedures

7. Obligations of the Advisor: Lists the advisor's duties, responsibilities, and service standards

8. Obligations of the Client: Specifies client's responsibilities including information provision and cooperation

9. Confidentiality: Provisions for handling confidential information in compliance with NDPR 2019

10. Intellectual Property: Addresses ownership and usage rights of materials and deliverables

11. Limitation of Liability: Sets out the extent and limitations of the advisor's liability

12. Termination: Conditions and procedures for ending the agreement

13. Governing Law and Jurisdiction: Specifies Nigerian law as governing law and jurisdiction details

14. General Provisions: Standard boilerplate clauses including notices, amendments, and severability

Optional Sections

1. Non-Competition: Restricts advisor from working with client's competitors - used when sensitive market information is involved

2. Force Majeure: Addresses unforeseeable circumstances preventing performance - particularly relevant in volatile markets

3. Anti-Corruption Compliance: Detailed anti-corruption provisions - essential for international clients or public sector work

4. Data Protection: Enhanced data protection provisions - needed when handling personal or sensitive data

5. Insurance: Specific insurance requirements - important for high-value advisory services

6. Assignment and Subcontracting: Rules for transferring rights or delegating duties - relevant for larger advisory firms

7. Alternative Dispute Resolution: Detailed mediation/arbitration procedures - useful for complex or high-value arrangements

Suggested Schedules

1. Schedule 1 - Scope of Services: Detailed breakdown of specific advisory services, deliverables, and timelines

2. Schedule 2 - Fee Structure: Detailed fee calculations, rates, and payment milestones

3. Schedule 3 - Key Personnel: Lists key team members and their roles in providing the advisory services

4. Schedule 4 - Service Levels: Specific performance metrics and service standards

5. Schedule 5 - Reporting Requirements: Format and frequency of progress reports and updates

6. Appendix A - Compliance Procedures: Detailed compliance requirements and procedures

7. Appendix B - Communication Protocol: Agreed communication channels and response times

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 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

Technology

Manufacturing

Energy and Natural Resources

Healthcare

Real Estate

Telecommunications

Agriculture

Retail and Consumer Goods

Professional Services

Education

Transportation and Logistics

Construction

Mining

Entertainment and Media

Relevant Teams

Legal

Finance

Procurement

Compliance

Operations

Business Development

Risk Management

Strategy

Commercial

Executive Management

Corporate Affairs

Project Management

Relevant Roles

Chief Executive Officer

Managing Director

Business Development Manager

Management Consultant

Corporate Lawyer

Finance Director

Strategy Consultant

Operations Manager

Compliance Officer

Project Manager

Business Advisor

General Counsel

Commercial Director

Risk Manager

Chief Financial Officer

Head of Procurement

Business Analyst

Legal Counsel

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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