Introduction Fee Agreement Template for Nigeria

An Introduction Fee Agreement is essential for businesses operating in Nigeria who wish to formalize arrangements where one party is compensated for making valuable business introductions or connections. This document type is commonly used in various sectors including financial services, real estate, and general business, where networking and business development are crucial. The agreement needs to comply with Nigerian law, particularly regarding financial transactions, anti-corruption measures, and data protection. It typically includes detailed provisions on the scope of introduction services, success criteria, fee calculations, payment terms, and confidentiality obligations. The document is particularly important in the Nigerian business context where relationship-based business development is common but needs to be properly documented for legal and regulatory compliance.

1. Parties: Identification of the introducer and the client, including full legal names, registration numbers, and addresses

2. Background: Context of the agreement, outlining the client's business needs and introducer's services

3. Definitions: Key terms used throughout the agreement, including 'Introduction', 'Target', 'Introduction Fee', and 'Successful Transaction'

4. Scope of Services: Detailed description of introduction services, including the introducer's obligations and limitations

5. Introduction Fee: Structure and calculation of fees, including payment terms, conditions, and trigger events

6. Payment Terms: Timing of payments, method of payment, currency, and handling of taxes

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

8. Confidentiality: Obligations regarding confidential information and compliance with NDPR

9. Non-Circumvention: Provisions preventing direct dealings that bypass the introducer

10. Representations and Warranties: Standard warranties about capacity, authority, and compliance with laws

11. Governing Law and Jurisdiction: Specification of Nigerian law as governing law and jurisdiction for disputes

12. General Provisions: Standard boilerplate clauses including notices, amendments, and severability