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1. Parties: Identification and details of the principal and broker, including registration numbers and addresses
2. Background: Context of the agreement and brief description of the parties' intentions
3. Definitions: Definitions of key terms used throughout the agreement
4. Appointment and Scope: Formal appointment of broker and detailed scope of services to be provided
5. Term and Termination: Duration of the agreement and circumstances for termination
6. Broker's Obligations: Detailed responsibilities and duties of the broker
7. Principal's Obligations: Responsibilities and duties of the principal
8. Commission Structure: Details of compensation, payment terms, and calculation methods
9. Compliance Requirements: Regulatory compliance obligations under Nigerian law
10. Confidentiality: Provisions for handling confidential information
11. Representations and Warranties: Standard representations and specific warranties by both parties
12. Liability and Indemnification: Limitation of liability and indemnification provisions
13. Dispute Resolution: Process for resolving disputes, including jurisdiction and governing law
14. General Provisions: Standard boilerplate clauses including notices, amendments, and assignment
1. Anti-Money Laundering Compliance: Specific provisions for compliance with AML regulations, required if dealing with financial transactions
2. International Transactions: Additional provisions for cross-border activities, needed if international business is contemplated
3. Sub-Broker Arrangements: Terms governing the appointment and management of sub-brokers, if allowed
4. Data Protection: Specific provisions for compliance with Nigerian Data Protection Regulation, required if handling personal data
5. Marketing and Promotion: Terms governing marketing activities and use of principal's brand, if relevant
6. Training and Support: Provisions for training and support provided by principal, if applicable
7. Performance Metrics: Specific performance targets and evaluation criteria, if required
8. Insurance Requirements: Specific insurance obligations, particularly relevant for certain types of brokerage
1. Schedule 1 - Commission Structure: Detailed breakdown of commission rates, calculation methods, and payment terms
2. Schedule 2 - Service Level Requirements: Specific performance standards and service level expectations
3. Schedule 3 - Compliance Procedures: Detailed procedures for ensuring regulatory compliance
4. Schedule 4 - Reporting Requirements: Templates and specifications for required reports
5. Schedule 5 - Territory Definition: Geographical areas or market segments covered by the agreement
6. Appendix A - Required Documentation: List of documents required for regulatory compliance and record-keeping
7. Appendix B - Contact Details: Key contact information for both parties
8. Appendix C - Approved Marketing Materials: Templates or guidelines for marketing and promotional materials
Applicable Laws
Authorized Representative
Broker
Brokerage Services
Business Day
Commencement Date
Commission
Confidential Information
Client
Effective Date
Force Majeure Event
Good Industry Practice
Intellectual Property Rights
Licensed Activities
Material Breach
Notice
Party/Parties
Personal Data
Principal
Products
Regulatory Authorities
Regulatory Requirements
Related Party
Services
Sub-broker
Term
Territory
Transaction
Working Hours
Year
Nigerian Law
Completion
Contract Period
Customer
Due Diligence
Fees
Governmental Authority
Marketing Materials
Performance Standards
Records
Restricted Information
Service Level Requirements
Termination Date
Trade Secrets
Scope of Services
Term and Duration
Broker's Obligations
Principal's Obligations
Commission and Payment
Performance Standards
Compliance and Regulatory
Anti-Money Laundering
Representations and Warranties
Confidentiality
Data Protection
Intellectual Property
Non-Competition
Non-Solicitation
Record Keeping
Audit Rights
Liability and Indemnification
Force Majeure
Insurance
Assignment and Sub-Contracting
Termination
Post-Termination Obligations
Dispute Resolution
Governing Law
Notices
Amendment and Variation
Entire Agreement
Severability
Third Party Rights
Waiver
Counterparts
Authority
Relationship of Parties
Marketing and Promotion
Territory
Exclusivity
Client Introduction
Due Diligence
Reporting Requirements
Service Levels
Real Estate
Financial Services
Insurance
Commodities Trading
Securities and Investments
Import/Export
Agriculture
Oil and Gas
Manufacturing
Telecommunications
Legal
Compliance
Business Development
Sales
Operations
Risk Management
Finance
Procurement
Commercial Operations
Channel Partnerships
Chief Executive Officer
Commercial Director
Legal Counsel
Compliance Officer
Business Development Manager
Sales Director
Broker Relations Manager
Contract Manager
Risk Manager
Operations Director
Channel Partnership Manager
Chief Financial Officer
Regional Sales Manager
Procurement Manager
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