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Management Partnership Agreement
"I need a Management Partnership Agreement for a tech startup in Lagos, where a foreign investment partner will provide management expertise and hold 40% stake, while two local partners will contribute capital and hold 30% each, with the agreement to commence from March 1, 2025."
1. Parties: Identification and details of all parties entering into the management partnership agreement
2. Background: Context of the agreement, including business purpose and objectives of the partnership
3. Definitions and Interpretation: Definitions of key terms used throughout the agreement and rules of interpretation
4. Partnership Structure: Legal structure of the partnership, ownership percentages, and capital contributions
5. Management Rights and Responsibilities: Detailed outline of management powers, decision-making authority, and operational control
6. Financial Arrangements: Financial terms including profit sharing, losses, expenses, and management fees
7. Operating Procedures: Day-to-day management procedures, reporting requirements, and operational protocols
8. Term and Termination: Duration of the agreement and circumstances under which it can be terminated
9. Confidentiality: Protection of confidential information and trade secrets
10. Non-Competition and Non-Solicitation: Restrictions on competitive activities and solicitation of employees or clients
11. Indemnification: Mutual indemnification provisions and liability allocation
12. Dispute Resolution: Procedures for resolving disputes, including mediation and arbitration processes
13. Governing Law: Specification of Nigerian law as governing law and jurisdiction
14. General Provisions: Standard boilerplate clauses including notices, amendments, and severability
1. Intellectual Property Rights: Provisions regarding ownership and use of intellectual property, necessary when IP is a significant component of the business
2. Employment Matters: Specific provisions regarding staff management and employment policies, needed when the partnership involves significant staff oversight
3. Insurance: Requirements for insurance coverage, recommended when specific risks need to be addressed
4. Environmental Compliance: Environmental obligations and compliance requirements, necessary for businesses with environmental impact
5. Force Majeure: Provisions for unforeseen circumstances affecting performance, recommended for long-term agreements
6. Anti-Corruption Compliance: Detailed anti-corruption provisions, necessary when dealing with government contracts or high-risk sectors
7. Data Protection: Specific data protection and privacy provisions, needed when handling personal or sensitive data
8. Exit Strategy: Detailed procedures for partner exit or business sale, useful for complex partnerships
1. Schedule 1: Business Plan: Detailed business plan including objectives, strategies, and targets
2. Schedule 2: Capital Contributions: Detailed breakdown of initial and ongoing capital contributions by partners
3. Schedule 3: Management Services: Comprehensive list of management services to be provided
4. Schedule 4: Fee Structure: Detailed breakdown of management fees, profit sharing, and payment terms
5. Schedule 5: Key Performance Indicators: Specific performance metrics and evaluation criteria
6. Schedule 6: Operating Procedures Manual: Detailed operational procedures and protocols
7. Schedule 7: Partner Information: Detailed information about each partner including contact details and representatives
8. Appendix A: Required Licenses and Permits: List of all required business licenses and permits
9. Appendix B: Insurance Requirements: Detailed insurance requirements and coverage specifications
Authors
Manufacturing
Real Estate
Hospitality
Agriculture
Technology
Healthcare
Financial Services
Energy
Retail
Construction
Mining
Transportation
Education
Professional Services
Telecommunications
Legal
Finance
Operations
Compliance
Risk Management
Business Development
Strategic Planning
Commercial
Investment
Corporate Affairs
Human Resources
Project Management
Chief Executive Officer
Managing Director
Operations Director
Partnership Manager
Business Development Manager
Financial Controller
Legal Counsel
Compliance Officer
Project Manager
General Manager
Investment Manager
Risk Manager
Strategic Planning Director
Commercial Director
Regional Manager
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