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Real Estate Development Services Agreement Template for Nigeria

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Key Requirements PROMPT example:

Real Estate Development Services Agreement

"I need a Real Estate Development Services Agreement for a mixed-use commercial and residential project in Lagos, Nigeria, with specific provisions for environmental compliance and local community engagement, where the development will be completed in phases over 24 months starting March 2025."

Document background
The Real Estate Development Services Agreement is a crucial document used in the Nigerian real estate sector when engaging professional developers for property development projects. This agreement is essential for both commercial and residential developments, providing a legally binding framework that outlines the responsibilities, rights, and obligations of both the developer and the client. The document incorporates requirements from Nigerian legislation, including the Land Use Act 1978, Environmental Impact Assessment Act, and the National Building Code, ensuring compliance with local regulations and industry standards. It is particularly important in the current Nigerian real estate market, where rapid urbanization and increasing demand for professional development services require clear legal frameworks to protect all parties' interests and ensure project success.
Suggested Sections

1. Parties: Identifies and provides full details of the contracting parties - the Developer and the Client

2. Background: Outlines the context of the agreement, including property details and development objectives

3. Definitions and Interpretation: Defines key terms used throughout the agreement and establishes interpretation rules

4. Scope of Services: Detailed description of development services to be provided by the Developer

5. Project Timeline: Establishes key milestones, completion dates, and project phases

6. Payment Terms: Details the fee structure, payment schedule, and payment conditions

7. Developer's Obligations: Comprehensive list of Developer's responsibilities and commitments

8. Client's Obligations: Specifies Client's responsibilities including access, approvals, and information provision

9. Regulatory Compliance: Requirements for compliance with Nigerian laws, permits, and regulations

10. Quality Standards: Specifies construction and development standards to be met

11. Variations: Process for handling changes to scope or specifications

12. Insurance and Liability: Insurance requirements and liability allocation between parties

13. Term and Termination: Duration of agreement and circumstances for termination

14. Force Majeure: Provisions for handling events beyond parties' control

15. Dispute Resolution: Procedures for resolving disputes, including arbitration provisions

16. Governing Law: Confirms Nigerian law as governing law and jurisdiction

17. General Provisions: Standard boilerplate clauses including notices, assignment, and entire agreement

Optional Sections

1. Environmental Protection: Required when project involves significant environmental impact or requires environmental impact assessment

2. Local Community Relations: Important for projects in sensitive community areas or requiring community engagement

3. Foreign Investment Provisions: Required when the Developer or Client is a foreign entity

4. Intellectual Property Rights: Needed when development includes unique designs or proprietary methods

5. Financing Arrangements: Required when project involves external financing or specific funding conditions

6. Special Technical Requirements: For projects involving specialized construction or development techniques

7. Security Provisions: Required in high-risk areas or for high-value developments

Suggested Schedules

1. Schedule 1 - Property Details: Detailed description of development site, including surveys and title information

2. Schedule 2 - Development Specifications: Detailed technical specifications for the development

3. Schedule 3 - Project Timeline: Detailed project schedule with milestones and completion dates

4. Schedule 4 - Payment Schedule: Detailed breakdown of payments, including timing and conditions

5. Schedule 5 - Required Permits and Approvals: List of all required regulatory approvals and permits

6. Schedule 6 - Key Personnel: Details of key team members and their responsibilities

7. Appendix A - Site Plans and Drawings: Technical drawings and plans for the development

8. Appendix B - Quality Standards and Specifications: Detailed quality requirements and applicable standards

9. Appendix C - Form of Progress Reports: Template for required progress reporting

10. Appendix D - Insurance Requirements: Detailed insurance specifications and coverage 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

Real Estate

Construction

Property Development

Urban Planning

Infrastructure Development

Commercial Property

Residential Property

Industrial Property

Mixed-use Development

Hospitality

Retail

Healthcare Facilities

Educational Facilities

Relevant Teams

Legal

Real Estate

Property Development

Project Management

Construction

Finance

Compliance

Environmental

Operations

Business Development

Risk Management

Procurement

Planning and Design

Contract Administration

Relevant Roles

Real Estate Developer

Property Development Manager

Project Manager

Construction Manager

Real Estate Lawyer

Legal Counsel

Contract Manager

Development Director

Chief Development Officer

Land Acquisition Manager

Urban Planner

Architect

Quantity Surveyor

Environmental Compliance Officer

Finance Director

Investment Manager

Property Manager

Facilities 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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