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Revenue Sharing Joint Development Agreement
"I need a Revenue Sharing Joint Development Agreement under Nigerian law for a mixed-use real estate project in Lagos, where a local developer and foreign investor will collaborate on a 50-50 basis, with project completion expected by March 2025."
1. Parties: Identification and details of all parties to the agreement
2. Background: Context of the agreement, including brief description of the project and parties' intentions
3. Definitions and Interpretation: Definitions of key terms and interpretation rules
4. Scope of Development: Detailed description of the development project, its objectives, and deliverables
5. Revenue Sharing Structure: Detailed mechanism for sharing revenues, including calculation methods and payment terms
6. Contributions and Investments: Each party's contributions, whether monetary, assets, or services
7. Management and Control: Decision-making processes, management structure, and voting rights
8. Development Timeline: Project milestones, completion dates, and development phases
9. Operating Procedures: Day-to-day operational procedures and responsibilities
10. Financial Provisions: Banking arrangements, accounting procedures, and financial reporting requirements
11. Regulatory Compliance: Compliance with Nigerian laws, permits, and regulatory requirements
12. Representations and Warranties: Standard and specific warranties from each party
13. Term and Termination: Duration of agreement and termination provisions
14. Dispute Resolution: Dispute resolution procedures including arbitration under Nigerian law
15. General Provisions: Standard boilerplate clauses including notices, amendments, and governing law
1. Local Content Requirements: Required if project falls under Nigerian Oil and Gas Industry Content Development Act
2. Foreign Investment Provisions: Required if any party is a foreign entity
3. Environmental Compliance: Required if project has significant environmental impact
4. Technology Transfer: Required if agreement involves significant technical knowledge transfer
5. Force Majeure: Optional but recommended given Nigerian business environment
6. Intellectual Property Rights: Required if development involves creation or use of intellectual property
7. Employment and Labor: Required if project involves significant local employment
8. Security Arrangements: Required if project involves significant assets or is in high-risk areas
1. Development Plan: Detailed project development plan including timelines and milestones
2. Revenue Sharing Calculations: Detailed formulas and examples of revenue sharing calculations
3. Property Details: Details of the development property including titles and permits
4. Initial Contributions: Detailed list of each party's initial contributions
5. Management Structure: Organizational chart and management procedures
6. Required Permits and Licenses: List of required regulatory approvals and status
7. Form of Reports: Templates for required financial and operational reports
8. Insurance Requirements: Required insurance coverage details
9. Bank Account Details: Designated account information for revenue sharing
10. Key Personnel: List of key personnel and their roles
Authors
Real Estate Development
Infrastructure Development
Oil and Gas
Mining and Natural Resources
Commercial Property
Residential Development
Industrial Development
Agricultural Development
Technology Parks
Mixed-use Development
Legal
Finance
Business Development
Operations
Project Management
Risk and Compliance
Commercial
Property
Investment
Construction
Chief Executive Officer
Chief Financial Officer
Development Director
Project Manager
Legal Counsel
Commercial Director
Joint Venture Manager
Investment Manager
Operations Director
Risk Manager
Business Development Manager
Property Director
Construction Manager
Finance Manager
Compliance Officer
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