The Development Partnership Agreement is a crucial legal instrument used in Nigeria to establish formal collaborations between various entities engaged in development projects. This document is particularly relevant when foreign companies partner with local Nigerian entities, government bodies, or development institutions to execute projects across various sectors. The agreement ensures compliance with Nigerian legislation, including local content requirements, environmental regulations, and investment laws. It typically includes detailed provisions for project governance, resource allocation, risk management, and benefit-sharing arrangements. The Development Partnership Agreement is essential for projects requiring structured collaboration while adhering to Nigerian regulatory requirements, making it a fundamental tool for sustainable development initiatives in the Nigerian market.

1. Parties: Identification and details of the contracting parties, including registration numbers and addresses

2. Background: Context of the development partnership, including project objectives and parties' expertise

3. Definitions and Interpretation: Definitions of key terms and interpretation rules for the agreement

4. Scope of Partnership: Detailed description of the development project and partnership objectives

5. Duration and Term: Period of the partnership, including commencement date and conditions for extension

6. Contributions and Resources: Details of what each party will contribute (financial, technical, human resources)

7. Roles and Responsibilities: Specific duties and obligations of each party in the partnership

8. Project Management: Governance structure, decision-making processes, and management procedures

9. Local Content Requirements: Commitments and procedures to meet Nigerian local content requirements

10. Financial Arrangements: Financial terms, profit sharing, costs allocation, and payment mechanisms

11. Intellectual Property Rights: Ownership and usage rights of IP developed during the partnership

12. Confidentiality: Protection and handling of confidential information

13. Representations and Warranties: Standard and specific warranties given by each party

14. Liability and Indemnification: Allocation of risks and responsibilities for losses

15. Force Majeure: Provisions for unforeseen circumstances and their handling

16. Termination: Grounds and procedures for ending the partnership

17. Dispute Resolution: Procedures for resolving disputes, including jurisdiction and applicable law

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