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1. Parties: Identification of the joint venture partners and their registered details
2. Background: Context of the joint venture and construction project, including project overview
3. Definitions and Interpretation: Definitions of terms used in the agreement and rules of interpretation
4. Joint Venture Formation: Legal structure, ownership percentages, and registration requirements
5. Project Scope: Detailed description of the construction project and objectives
6. Capital Contributions: Financial, asset, and resource contributions from each party
7. Management and Control: Governance structure, decision-making processes, and management responsibilities
8. Construction Obligations: Specific responsibilities related to the construction project, including timelines
9. Local Content Requirements: Compliance with Nigerian local content laws and regulations
10. Financial Provisions: Budget, costs, profit sharing, and accounting procedures
11. Representations and Warranties: Parties' confirmations regarding their capacity and authority
12. Risk Allocation: Distribution of risks and responsibilities between parties
13. Insurance: Required insurance coverage for the project and joint venture
14. Confidentiality: Protection of confidential information and trade secrets
15. Term and Termination: Duration of the agreement and termination provisions
16. Dispute Resolution: Procedures for resolving disputes, including jurisdiction and applicable law
17. General Provisions: Standard boilerplate clauses including notices, amendments, and assignments
1. Technology Transfer: Terms for any technology or knowledge transfer between parties, used when foreign expertise is involved
2. Environmental Compliance: Specific environmental obligations and commitments, required for environmentally sensitive projects
3. Government Participation: Terms relating to government involvement or approvals, needed for public sector projects
4. Foreign Investment Provisions: Special provisions for foreign investment protection and currency considerations
5. Community Relations: Framework for managing local community relationships and social responsibility
6. Financing Arrangements: Detailed financing structures when external funding is involved
7. Intellectual Property Rights: IP ownership and licensing terms when proprietary technology or methods are involved
1. Schedule 1 - Project Details: Detailed description of the construction project, including technical specifications
2. Schedule 2 - Capital Contributions: Detailed breakdown of each party's contributions
3. Schedule 3 - Construction Schedule: Detailed timeline and milestones for the construction project
4. Schedule 4 - Budget and Costs: Detailed project budget and cost allocation
5. Schedule 5 - Management Structure: Organizational chart and management procedures
6. Schedule 6 - Insurance Requirements: Detailed insurance specifications and coverage requirements
7. Schedule 7 - Key Personnel: List of key personnel and their roles
8. Schedule 8 - Local Content Plan: Detailed plan for meeting Nigerian local content requirements
9. Appendix A - Required Permits: List of required permits and approvals
10. Appendix B - Technical Standards: Applicable technical and quality standards
11. Appendix C - Form of Guarantees: Templates for any required guarantees or bonds
Applicable Laws
Approved Budget
Board
Business Day
Business Plan
Capital Contribution
Change Order
Commencement Date
Companies Act
Completion Certificate
Confidential Information
Construction Documents
Construction Period
Construction Schedule
Construction Site
Construction Works
Contractor
Defects Liability Period
Dispute
Effective Date
Environmental Laws
Extension of Time
Final Completion
Financial Year
Force Majeure Event
Good Industry Practice
Governing Law
Initial Capital
Intellectual Property Rights
Joint Venture
Joint Venture Board
Joint Venture Interest
Key Personnel
Local Content Requirements
Management Committee
Material Adverse Effect
Member
Milestones
Notice
Operating Account
Parent Company
Parties
Performance Security
Permits
Project
Project Manager
Project Schedule
Quality Standards
Related Party
Representatives
Required Insurance
Site
Specifications
Subcontractor
Substantial Completion
Technical Standards
Term
Territory
Third Party
Variation
Work Products
Working Capital
Joint Venture Formation
Capital Contributions
Ownership and Voting Rights
Management and Control
Board Composition
Decision Making
Construction Obligations
Project Timeline
Quality Standards
Health and Safety
Environmental Compliance
Local Content Requirements
Labor and Employment
Subcontracting
Site Access and Security
Materials and Equipment
Testing and Inspection
Variations
Extension of Time
Force Majeure
Defects Liability
Warranties
Insurance
Indemnification
Intellectual Property
Confidentiality
Non-Competition
Financial Arrangements
Profit Distribution
Working Capital
Bank Accounts
Records and Audits
Taxation
Representations and Warranties
Assignment and Transfer
Change of Control
Default
Termination
Consequences of Termination
Dispute Resolution
Governing Law
Notices
Force Majeure
Entire Agreement
Amendments
Severability
Waiver
Third Party Rights
Construction
Infrastructure
Real Estate
Engineering
Energy
Mining
Manufacturing
Transportation
Commercial Property
Industrial Development
Urban Development
Public Works
Legal
Construction
Project Management
Finance
Operations
Commercial
Risk Management
Compliance
Business Development
Technical Services
Engineering
Corporate Strategy
Procurement
Joint Venture Operations
Chief Executive Officer
Managing Director
Construction Manager
Project Director
Legal Counsel
Contract Manager
Chief Financial Officer
Operations Director
Business Development Manager
Risk Manager
Commercial Director
Technical Director
Joint Venture Manager
Compliance Officer
Project Manager
Site Manager
Engineering Manager
Finance Director
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