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Exclusive Management Agreement Template for Nigeria

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Key Requirements PROMPT example:

Exclusive Management Agreement

"I need an Exclusive Management Agreement for my boutique hotel in Lagos, Nigeria, where I want to engage a professional hospitality management company to handle all aspects of hotel operations starting March 2025, with strict performance metrics and quarterly review requirements."

Document background
The Exclusive Management Agreement is a critical document used when a business entity wishes to delegate management responsibilities exclusively to a professional management company or individual manager in Nigeria. This agreement is particularly relevant in situations where specialized expertise, professional management capabilities, or strategic oversight is required for business operations. The document comprehensively outlines the scope of management services, exclusivity provisions, decision-making authority, and operational control while ensuring compliance with Nigerian legal requirements, including the Companies and Allied Matters Act (CAMA) 2020 and relevant sector-specific regulations. It serves as a foundational document for establishing clear governance structures, protecting both parties' interests, and ensuring efficient business operations through professional management.
Suggested Sections

1. Parties: Identification and details of the contracting parties

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

3. Definitions: Definitions of key terms used throughout the agreement

4. Appointment and Scope: Terms of manager's appointment and scope of management services

5. Exclusivity: Terms and extent of the exclusive management arrangement

6. Manager's Rights and Responsibilities: Detailed outline of the manager's authority, duties, and obligations

7. Client's Obligations: Responsibilities and commitments of the client

8. Term and Termination: Duration of the agreement and circumstances for termination

9. Compensation: Management fees, payment terms, and other financial arrangements

10. Intellectual Property: Ownership and usage rights of intellectual property

11. Confidentiality: Protection of confidential information and trade secrets

12. Non-Competition: Restrictions on competitive activities

13. Indemnification: Mutual indemnification provisions

14. General Provisions: Standard clauses including notices, amendments, governing law, etc.

Optional Sections

1. Force Majeure: Provisions for unforeseen circumstances - include if operating in volatile markets or regions

2. Insurance: Insurance requirements - include if significant operational risks exist

3. Assignment: Rights to transfer the agreement - include if transfer rights are important to either party

4. Dispute Resolution: Specific dispute resolution procedures - include if parties prefer arbitration or mediation

5. Personnel Requirements: Specific staffing obligations - include if particular expertise or qualifications are required

6. Performance Metrics: Specific performance standards - include if quantifiable targets are essential

7. Compliance with Laws: Specific regulatory compliance - include if operating in heavily regulated industries

8. Currency and Exchange Rates: Currency provisions - include if international payments are involved

Suggested Schedules

1. Schedule 1 - Services Description: Detailed description of management services to be provided

2. Schedule 2 - Fee Structure: Detailed breakdown of management fees, calculations, and payment terms

3. Schedule 3 - Key Personnel: List of key management personnel and their roles

4. Schedule 4 - Performance Metrics: Specific performance indicators and measurement criteria

5. Schedule 5 - Reporting Requirements: Details of required reports and reporting frequencies

6. Schedule 6 - Operating Procedures: Standard operating procedures and protocols

7. Appendix A - Power of Attorney: If required, detailed scope of manager's authority to act on behalf of client

8. Appendix B - Insurance Requirements: Specific insurance types and coverage amounts required

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

Real Estate

Hospitality

Healthcare

Manufacturing

Entertainment

Sports Management

Retail

Agriculture

Oil and Gas

Mining

Infrastructure

Transportation

Education

Technology

Financial Services

Relevant Teams

Legal

Operations

Finance

Compliance

Risk Management

Human Resources

Business Development

Facilities Management

Asset Management

Project Management

Investment

Contract Administration

Corporate Governance

Executive Leadership

Relevant Roles

Chief Executive Officer

Managing Director

Operations Director

General Manager

Business Development Manager

Legal Counsel

Contract Manager

Compliance Officer

Chief Financial Officer

Property Manager

Facility Manager

Asset Manager

Investment Manager

Project Manager

Human Resources Director

Risk 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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