The Financial Management Agreement serves as a crucial legal instrument in Nigerian financial services, establishing the professional relationship between financial managers and their clients. This document is essential when engaging professional financial management services, whether for individual wealth management, corporate financial planning, or institutional investment management. The agreement comprehensively outlines the scope of financial management services, fee structures, reporting requirements, and risk management protocols while ensuring compliance with Nigerian financial regulations, including the Investment and Securities Act 2007, CBN guidelines, and anti-money laundering requirements. It includes specific provisions for investment authority, performance monitoring, confidentiality, and dispute resolution, all within the context of Nigerian law and regulatory framework. The Financial Management Agreement is particularly important given Nigeria's complex financial regulatory environment and the need for clear delineation of responsibilities in professional financial relationships.

1. Parties: Identification of the financial manager and the client with full legal names and addresses

2. Background: Context of the agreement, including the client's desire to engage the financial manager and the manager's qualifications and regulatory authorizations

3. Definitions: Key terms used throughout the agreement, including financial and technical terms specific to Nigerian financial regulations

4. Appointment and Scope of Services: Formal appointment of the financial manager and detailed description of financial management services to be provided

5. Authority and Powers: Extent and limitations of the financial manager's authority to act on behalf of the client

6. Duties and Responsibilities: Detailed obligations of the financial manager, including reporting, compliance, and fiduciary duties

7. Client's Obligations: Responsibilities of the client, including providing accurate information and necessary documentation

8. Fees and Expenses: Compensation structure, payment terms, and reimbursable expenses

9. Compliance and Regulatory Matters: Obligations to comply with Nigerian financial regulations, anti-money laundering laws, and reporting requirements

10. Representations and Warranties: Statements of fact and assurances from both parties

11. Risk Disclosures: Acknowledgment of investment risks and limitations of the financial manager's responsibilities

12. Confidentiality: Protection and handling of confidential information and trade secrets

13. Conflict of Interest: Procedures for identifying and managing potential conflicts of interest

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

15. Indemnification: Mutual indemnification provisions and limitation of liability

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

17. General Provisions: Standard contractual provisions including notices, amendments, and severability