Document background
The Master Fee Agreement is a foundational document used to establish long-term fee-based service relationships between parties operating under Nigerian law. It is particularly useful when one party provides ongoing services to another with regular fee payments involved. This agreement type is commonly used in professional services, consulting, and technology sectors, where services are provided on a continuous or recurring basis. The document includes comprehensive provisions for fee structures, payment terms, service levels, and regulatory compliance specific to the Nigerian business environment. It serves as an umbrella agreement under which specific service arrangements can be detailed in schedules or subsequent agreements, providing both structure and flexibility for evolving business relationships.
