Renewable Contract Of Employment for Nigeria

Renewable Contract Of Employment Template for Nigeria

A comprehensive employment agreement governed by Nigerian law that establishes a renewable contractual relationship between an employer and employee. This document complies with the Nigerian Labour Act and related employment legislation, outlining terms and conditions including appointment duration, renewal provisions, duties, compensation, benefits, and termination procedures. It incorporates mandatory requirements under Nigerian employment law while providing flexibility for contract renewal based on mutual agreement and performance criteria.

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What is a Renewable Contract Of Employment?

This Renewable Contract of Employment is designed for use in the Nigerian business environment where employers seek to establish clear, legally compliant employment relationships with fixed terms and renewal options. The document serves as a fundamental agreement for fixed-term employment arrangements that may be renewed based on performance, business needs, and mutual agreement. It incorporates essential requirements under Nigerian employment law, including the Labour Act, Pension Reform Act, and Employee's Compensation Act, while providing flexibility for term extension. This contract type is particularly suitable for project-based roles, senior positions, or situations where periodic review and renewal of employment terms is desired.

What sections should be included in a Renewable Contract Of Employment?

1. Parties: Identifies the employer and employee with full legal names and addresses

2. Background: Brief context of the employment relationship and purpose of the contract

3. Definitions: Defines key terms used throughout the contract

4. Appointment and Term: Details of the position, renewal terms, and duration of contract

5. Duties and Responsibilities: Specifies the employee's role, responsibilities, and reporting structure

6. Place of Work: Location(s) where work will be performed, including any remote work provisions

7. Hours of Work: Working hours, overtime provisions, and rest periods as per Labour Act requirements

8. Remuneration: Salary, payment schedule, and method of payment

9. Statutory Benefits: Mandatory benefits including pension contributions and workers' compensation

10. Leave Entitlements: Annual, sick, maternity/paternity, and other statutory leave provisions

11. Confidentiality: Obligations regarding company confidential information

12. Termination: Grounds and procedures for contract termination, notice periods

13. Governing Law: Specifies Nigerian law as governing law and relevant jurisdiction

14. Dispute Resolution: Process for resolving employment-related disputes

What sections are optional to include in a Renewable Contract Of Employment?

1. Probationary Period: Include when initial probation period is required for new employees

2. Non-Competition: Include for senior positions or when employee will have access to sensitive information

3. Intellectual Property: Include when employee may create IP during employment

4. Commission Structure: Include for sales or commission-based roles

5. Performance Bonus: Include when offering performance-based incentives

6. Relocation Terms: Include when position requires relocation

7. Training Obligations: Include when specific training requirements or bonds are involved

8. Company Vehicle: Include when providing company vehicle or transport allowance

9. Housing Allowance: Include when offering accommodation benefits

10. Medical Insurance: Include when offering private medical insurance beyond statutory requirements

What schedules should be included in a Renewable Contract Of Employment?

1. Schedule 1 - Job Description: Detailed description of role, responsibilities, and performance expectations

2. Schedule 2 - Compensation Structure: Detailed breakdown of salary components, allowances, and benefits

3. Schedule 3 - Company Policies: Key company policies that form part of employment terms

4. Schedule 4 - Performance Metrics: Specific KPIs and performance evaluation criteria

5. Appendix A - Code of Conduct: Company's code of conduct and ethical guidelines

6. Appendix B - Leave Policy: Detailed leave policies and procedures

7. Appendix C - Confidential Information: Detailed list of what constitutes confidential information

8. Appendix D - Benefits Summary: Comprehensive overview of all benefits and eligibility criteria

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Nigeria

Publisher

Genie AI

Document Type

Employment Contract

Cost

Free to use
Relevant legal definitions
Clauses
Relevant Industries

Banking and Financial Services

Technology and Telecommunications

Manufacturing

Oil and Gas

Professional Services

Healthcare

Education

Retail and Consumer Goods

Construction and Real Estate

Agriculture

Media and Entertainment

Transportation and Logistics

Mining

Hospitality and Tourism

Relevant Teams

Human Resources

Legal

Finance

Operations

Sales

Marketing

Information Technology

Research and Development

Production

Quality Assurance

Administration

Business Development

Customer Service

Supply Chain

Project Management

Relevant Roles

Chief Executive Officer

Managing Director

Department Manager

Project Manager

Senior Consultant

Technical Specialist

Sales Executive

Financial Analyst

Human Resources Manager

Operations Manager

Research Scientist

Software Developer

Marketing Manager

Account Manager

Production Supervisor

Quality Control Officer

Administrative Officer

Legal Counsel

Business Development Manager

Regional Manager

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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