Restaurant Partnership Agreement Template for Nigeria

1. Parties: Identifies and provides full details of all parties entering into the partnership agreement

2. Background: Outlines the context and purpose of the partnership, including brief description of each party's business

3. Definitions: Defines key terms used throughout the agreement

4. Partnership Structure: Details the legal structure, ownership percentages, and capital contributions of each partner

5. Business Operations: Outlines the day-to-day management, decision-making processes, and operational responsibilities

6. Financial Arrangements: Covers profit sharing, loss allocation, accounting practices, and financial reporting requirements

7. Operational Standards: Sets forth quality standards, food safety requirements, and operational procedures

8. Regulatory Compliance: Addresses compliance with NAFDAC, health regulations, and other applicable laws

9. Staff and Employment: Details employment responsibilities, staff management, and labor law compliance

10. Intellectual Property: Covers usage of trademarks, recipes, trade secrets, and other IP

11. Term and Termination: Specifies duration of partnership and conditions for termination

12. Dispute Resolution: Outlines procedures for resolving conflicts between partners

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

14. General Provisions: Includes standard clauses like notices, amendments, and severability

1. Schedule 1: Capital Contributions: Detailed breakdown of each partner's initial and ongoing capital contributions

2. Schedule 2: Profit Sharing Formula: Detailed calculation method for profit distribution

3. Schedule 3: Operating Procedures: Specific operational guidelines, food safety procedures, and quality standards

4. Schedule 4: Equipment and Assets: Inventory of shared equipment, furniture, and fixtures

5. Schedule 5: Menu Items: Agreed menu items, pricing structure, and modification procedures

6. Schedule 6: Key Performance Indicators: Metrics for measuring partnership performance

7. Appendix A: Required Licenses: List of mandatory licenses and permits

8. Appendix B: Insurance Requirements: Required insurance coverage and minimum limits

9. Appendix C: Employee Handbook: Standard operating procedures for staff

10. Appendix D: Brand Guidelines: Standards for use of logos, signage, and marketing materials