¶¶Òõ¶ÌÊÓƵ

The Restaurant Management Agreement is essential when a restaurant owner wishes to delegate the operation of their establishment to a professional management company in Nigeria. This arrangement is commonly used for new restaurant ventures, expansion of existing operations, or when owners seek professional expertise to improve business performance. The agreement must comply with Nigerian legal requirements, including NAFDAC regulations, labor laws, and local licensing requirements. It covers crucial aspects such as operational standards, financial arrangements, staff management, regulatory compliance, and risk allocation. The document is particularly important in the Nigerian context where the restaurant industry is growing and becoming increasingly professionalized, requiring clear frameworks for management relationships and operational responsibilities.

1. Parties: Identification of the restaurant owner and the management company

2. Background: Context of the agreement, including description of the restaurant premises and business objectives

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

4. Appointment and Term: Scope of manager's appointment, duration of agreement, and renewal terms

5. Manager's Rights and Obligations: Detailed responsibilities of the management company including operational, staffing, and maintenance duties

6. Owner's Rights and Obligations: Restaurant owner's responsibilities including provision of premises, equipment, and working capital

7. Staff and Employment: Employment arrangements, staff management, and allocation of employment responsibilities

8. Operating Standards: Required quality standards, brand requirements, and operational procedures

9. Financial Arrangements: Management fees, payment terms, operating accounts, and financial reporting requirements

10. Licenses and Compliance: Responsibility for obtaining and maintaining necessary permits and regulatory compliance

11. Insurance and Liability: Insurance requirements and allocation of risks between parties

12. Termination: Termination rights, grounds for termination, and consequences of termination

13. Post-Termination Obligations: Obligations of parties after termination including handover procedures

14. Confidentiality: Protection of confidential information and trade secrets

15. Dispute Resolution: Procedures for resolving disputes including jurisdiction and governing law

16. General Provisions: Standard boilerplate clauses including notices, amendments, and assignment