Ƶ

Revenue Share Agreement for Nigeria

Revenue Share Agreement Template for Nigeria

A Revenue Share Agreement under Nigerian law is a legally binding contract that establishes the terms and conditions for sharing revenue between two or more parties. The document outlines the precise mechanism for calculating and distributing revenue, including payment terms, reporting requirements, and audit rights. It incorporates specific provisions to ensure compliance with Nigerian corporate law, tax regulations, and where applicable, foreign exchange requirements. The agreement includes comprehensive definitions of revenue types, calculation methodologies, and clearly defined obligations for all parties involved.

Your data doesn't train Genie's AI

You keep IP ownership of your information

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Download a Standard Template

4.6 / 5
4.8 / 5
Access for free
OR

Alternatively: Run an advanced review of an existing
Revenue Share Agreement

Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.

What is a Revenue Share Agreement?

The Revenue Share Agreement is essential for business arrangements in Nigeria where parties agree to share revenue generated from specific business activities. This document is commonly used in various contexts, including joint ventures, platform partnerships, agency relationships, and distribution arrangements. It must comply with Nigerian legislation, including the Companies and Allied Matters Act (CAMA) 2020, relevant tax laws, and foreign exchange regulations. The agreement typically details revenue calculation methods, payment procedures, reporting requirements, and audit rights. It's particularly important in the Nigerian business context where clear financial arrangements and regulatory compliance are crucial for successful business partnerships.

What sections should be included in a Revenue Share Agreement?

1. Parties: Identification and details of all parties entering into the revenue share agreement

2. Background: Context of the agreement, business relationship, and purpose of the revenue sharing arrangement

3. Definitions: Clear definitions of key terms used throughout the agreement, including 'Revenue', 'Gross Revenue', 'Net Revenue', and 'Excluded Revenue'

4. Revenue Share Structure: Detailed explanation of the revenue sharing formula, percentages, and calculation methodology

5. Payment Terms: Timing, method, and currency of payments, including payment periods and transfer mechanisms

6. Accounting and Reporting: Requirements for financial reporting, record-keeping, and audit rights

7. Representations and Warranties: Standard representations and warranties from each party regarding their capacity and authority

8. Confidentiality: Provisions protecting confidential information shared between parties

9. Term and Termination: Duration of the agreement and circumstances under which it can be terminated

10. Dispute Resolution: Process for resolving disputes, including jurisdiction and applicable law

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

What sections are optional to include in a Revenue Share Agreement?

1. Intellectual Property Rights: Required when the revenue sharing involves IP-generated revenue or licensing

2. Foreign Exchange Provisions: Needed when parties are from different countries or transactions involve foreign currency

3. Tax Provisions: Detailed section on tax implications when complex tax structures are involved

4. Non-Compete Clause: Include when parties need to be restricted from competing activities

5. Force Majeure: Important when external factors could significantly impact revenue generation

6. Marketing and Promotion: Required when parties have specific responsibilities for revenue generation

7. Minimum Revenue Guarantees: Include when there are guaranteed minimum payment obligations

8. Change of Control: Important when ownership changes could affect the agreement

What schedules should be included in a Revenue Share Agreement?

1. Revenue Calculation Methodology: Detailed breakdown of how revenue is calculated, including formulas and examples

2. Excluded Revenue Items: List of revenue streams specifically excluded from the sharing arrangement

3. Payment Schedule: Detailed timeline of payment dates and reporting requirements

4. Required Financial Reports: Templates and formats for required financial reporting

5. Authorized Representatives: List of authorized persons for various aspects of the agreement

6. Bank Account Details: Specified bank accounts for revenue transfers

7. Compliance Requirements: Specific Nigerian regulatory requirements and compliance procedures

8. Service Level Agreement: If applicable, metrics and standards for service delivery affecting revenue

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Nigeria

Publisher

Ƶ

Document Type

Agreement Contract

Cost

Free to use
Relevant legal definitions














































Clauses









































Relevant Industries

Technology

E-commerce

Media and Entertainment

Financial Services

Retail

Distribution

Manufacturing

Professional Services

Healthcare

Education

Agriculture

Real Estate

Telecommunications

Oil and Gas

Hospitality

Relevant Teams

Legal

Finance

Commercial

Business Development

Operations

Compliance

Tax

Treasury

Partnerships

Revenue Management

Accounting

Internal Audit

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Commercial Director

Business Development Manager

Finance Manager

Legal Counsel

Contract Manager

Partnership Manager

Operations Director

Revenue Manager

Compliance Officer

Tax Manager

Financial Controller

Managing Director

Investment 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

Find the exact document you need

Business Agreement

A legally binding document under Nigerian law that establishes terms and conditions for business relationships between parties, ensuring compliance with local regulations and protecting all parties' interests.

find out more

House Rent Agreement Form

A Nigerian law-compliant agreement establishing terms and conditions for residential property rental between landlord and tenant.

find out more

Consignment Agreement Form

A Nigerian law-governed agreement establishing terms for consignment sales arrangements, detailing rights and obligations of consignor and consignee.

find out more

General Tenancy Agreement

A Nigerian law-compliant agreement establishing terms and conditions for property rental between landlord and tenant, governed by the Recovery of Premises Act and state rent control laws.

find out more

Standard Form Contract

A standardized contract template compliant with Nigerian law, designed for repeated use in similar business transactions.

find out more

Money Agreement Between Two Parties

A Nigerian law-governed agreement establishing terms and conditions for a monetary loan between two parties, including loan amount, interest rates, and repayment terms.

find out more

Side Agreement

A supplementary contract under Nigerian law that modifies or adds to an existing agreement's terms while maintaining compliance with Nigerian legal requirements.

find out more

Mutual Agreement Between Two Parties

A bilateral agreement under Nigerian law establishing mutual rights and obligations between two parties, with comprehensive terms for business collaboration.

find out more

Incorporation Agreement

A Nigerian law-governed agreement establishing a new company's structure, shareholding, and governance framework under CAMA 2020.

find out more

Fixed Term Tenancy Agreement

A Nigerian law-governed agreement establishing terms and conditions for fixed-term property rental, defining rights and obligations of landlord and tenant.

find out more

Casual Worker Contract

A Nigerian law-compliant contract establishing terms and conditions for casual employment relationships with flexible working arrangements.

find out more

Boilerplate Agreement

A versatile Boilerplate Agreement template under Nigerian law, providing standardized terms for business relationships while ensuring compliance with local legal requirements.

find out more

Tooling Agreement

A Nigerian law-governed agreement establishing terms for industrial tooling equipment, including design, manufacture, use, maintenance, and ownership rights.

find out more

Representation Agreement

A Nigerian law-governed agreement establishing and regulating the relationship between a principal and their appointed representative, defining authority, terms, and obligations.

find out more

Notary Rent Agreement

A legally authenticated rental agreement under Nigerian law, executed before a Notary Public, establishing terms and conditions for property rental.

find out more

Land Agreement Between Two Parties

A Nigerian law-governed agreement for land transfer between two parties, ensuring compliance with the Land Use Act and state regulations.

find out more

Contract Agreement Between Two Parties

A standard Nigerian law-compliant contract agreement template for establishing legal relationships between two parties, incorporating all essential elements required under Nigerian contract law.

find out more

Common Terms Agreement

A Nigerian-law governed agreement establishing standard terms for syndicated lending transactions, harmonizing multiple facility agreements under one master document.

find out more

Buyer Agency Agreement

A Nigerian law-governed agreement establishing the terms and conditions under which a real estate agent represents a buyer in property transactions.

find out more

Contra Agreement

A Nigerian law-governed agreement establishing terms and conditions between a service provider and recipient, defining service scope, obligations, and mutual responsibilities.

find out more

Security Agreement Form

A Nigerian law-governed agreement creating and evidencing security interests over assets, establishing rights and obligations between security provider and holder.

find out more

House Construction Agreement Between Owner Contractor

A Nigerian law-governed agreement between property owner and contractor for residential house construction, defining work scope, terms, and obligations.

find out more

Lodger Agreement

A Nigerian law-governed agreement establishing terms for a lodger's occupation of a room in an owner-occupied property.

find out more

Head Of Terms Agreement

A preliminary agreement under Nigerian law outlining key commercial and legal terms for a proposed transaction or business arrangement.

find out more

Professional Services Retainer Agreement

A Nigerian law-governed agreement establishing terms for ongoing professional services provided on a retainer basis.

find out more

Supply Contract Form

A Nigerian law-governed contract template establishing terms and conditions for the supply of goods between commercial parties.

find out more

Business Contract

A Nigerian business contract template for commercial relationships, compliant with CAMA 2020 and Nigerian commercial law.

find out more

Bike Sale Agreement

A Nigerian law-governed agreement for the sale and purchase of a bike, ensuring legal compliance and protecting both parties' interests.

find out more

Umbrella Agreement

A Nigerian law-governed master agreement establishing framework terms for future specific agreements between parties.

find out more

Share Purchase Agreement

A Nigerian law-governed agreement documenting the terms and conditions for the sale and purchase of shares in a company, including price, warranties, and completion requirements.

find out more

Work Contract

A Nigerian law-governed employment agreement establishing terms and conditions between employer and employee, ensuring compliance with local labor legislation.

find out more

Volunteer Contract

A Nigerian law-governed agreement establishing the terms and conditions of a voluntary service relationship between an organization and a volunteer.

find out more

Voluntary Service Agreement

A Nigerian law-governed agreement establishing the terms and conditions between an organization and a volunteer, outlining responsibilities and protections for both parties.

find out more

Virtual Assistant Contract

A Nigerian law-governed agreement establishing terms and conditions for virtual assistant services, including scope, compensation, and compliance requirements.

find out more

Vendor Services Agreement

Nigerian law-governed agreement defining terms and conditions for vendor service provision, including scope, payment, and performance standards.

find out more

Vendor Contract

A Nigerian law-governed agreement establishing terms and conditions between a customer and vendor for the supply of goods/services.

find out more

Vending Machine Agreement

A Nigerian law agreement governing the installation and operation of vending machines, including revenue sharing and operational requirements.

find out more

Vehicle Agreement Between Two Parties

A legally binding vehicle sale and purchase agreement between two parties under Nigerian law, documenting transfer terms and ownership rights.

find out more

Trust Contract

A Nigerian law-governed document establishing a trust arrangement between settlor, trustees, and beneficiaries, defining asset management and distribution terms.

find out more

Tripartite Contract

A Nigerian law-governed tripartite contract establishing legal relationships and obligations between three parties in a commercial arrangement.

find out more
See more related templates

ұԾ’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ұԾ’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

We are ISO27001 certified, so your data is secure

Organizational security:

You retain IP ownership of your documents and their information

You have full control over your data and who gets to see it