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Non Exclusive Management Agreement Template for Nigeria

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Key Requirements PROMPT example:

Non Exclusive Management Agreement

"I need a Non-Exclusive Management Agreement for my Lagos-based real estate company, allowing a property management firm to handle our residential portfolio of 50 units starting March 2025, with quarterly performance reviews and the flexibility to work with other management companies."

Document background
The Non-Exclusive Management Agreement is designed for situations where organizations in Nigeria seek professional management services while maintaining the freedom to work with multiple service providers. This document type is particularly relevant in today's dynamic business environment where flexibility and specialized expertise are crucial. It provides a comprehensive framework for defining management services, responsibilities, compensation, and performance standards while ensuring compliance with Nigerian legislation, including the Companies and Allied Matters Act (CAMA) 2020 and relevant business regulations. The agreement's non-exclusive nature allows both parties to maintain multiple business relationships while establishing clear guidelines for service delivery, reporting, and accountability.
Suggested Sections

1. Parties: Identification and details of the Principal and the Management Company

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

3. Definitions: Key terms used throughout the agreement

4. Appointment and Scope: Terms of appointment and detailed scope of management services

5. Non-Exclusivity: Clear statement of non-exclusive nature and rights of both parties to engage with others

6. Term and Termination: Duration of the agreement and conditions for termination

7. Management Services: Detailed description of services to be provided

8. Duties and Responsibilities: Specific obligations of the Management Company

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

10. Reporting and Performance Standards: Requirements for reporting and quality of service delivery

11. Confidentiality: Protection of confidential information and trade secrets

12. Intellectual Property Rights: Ownership and usage rights of IP created during the engagement

13. Indemnification: Mutual indemnification obligations and liability limitations

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

Optional Sections

1. Non-Solicitation: Restrictions on hiring each other's employees, used when parties have significant staff interaction

2. Insurance: Insurance requirements, included when services involve significant risks or regulatory requirements

3. Force Majeure: Provisions for unforeseen circumstances, important in long-term or high-value agreements

4. Dispute Resolution: Specific procedures for resolving disputes, included when parties prefer alternative dispute resolution

5. Compliance with Laws: Specific regulatory compliance requirements, needed in regulated industries

6. Assignment and Subcontracting: Rights to transfer obligations or use subcontractors, included when relevant to business model

7. Data Protection: Specific data handling requirements, needed when personal or sensitive data is involved

Suggested Schedules

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

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

3. Schedule C - Key Performance Indicators: Specific metrics for measuring performance

4. Schedule D - Reporting Requirements: Templates and timing for required reports

5. Schedule E - Key Personnel: List of key team members and their roles

6. Appendix 1 - Service Level Agreement: Detailed service standards and response times

7. Appendix 2 - Compliance Requirements: Specific regulatory or industry compliance requirements

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

Professional Services

Real Estate

Healthcare

Hospitality

Entertainment

Manufacturing

Retail

Technology

Education

Construction

Agriculture

Mining

Oil and Gas

Financial Services

Telecommunications

Relevant Teams

Legal

Operations

Finance

Compliance

Risk Management

Business Development

Project Management

Facilities Management

Commercial

Administration

Corporate Services

Relevant Roles

Chief Executive Officer

Managing Director

Operations Director

Legal Counsel

Contract Manager

Business Development Manager

Project Manager

Facility Manager

Department Head

Regional Manager

Commercial Director

Chief Financial Officer

Risk Manager

Compliance Officer

General 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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