Document background
A Project Cooperation Agreement is essential when multiple parties wish to collaborate on a specific project in Nigeria while maintaining their separate legal identities. This document type is particularly relevant in the context of Nigeria's growing economy and increasing international partnerships, where clear framework for cooperation is crucial. The agreement addresses key aspects such as project scope, risk sharing, financial arrangements, and compliance with local regulations including the Nigerian Oil and Gas Industry Content Development Act where applicable. It's commonly used for both public and private sector projects, particularly where technical expertise or resource sharing is required. The agreement ensures all parties understand their roles, responsibilities, and benefits while providing mechanisms for project governance and dispute resolution under Nigerian law.
