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Monthly Retainer Consulting Agreement Template for Nigeria

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Key Requirements PROMPT example:

Monthly Retainer Consulting Agreement

"I need a Monthly Retainer Consulting Agreement for my IT consulting firm providing cybersecurity services to a Nigerian financial institution, with strict data protection clauses and the ability to assign multiple consultants to the project starting March 2025."

Document background
The Monthly Retainer Consulting Agreement is designed for use in the Nigerian business environment where ongoing professional services are required on a regular basis. This document is particularly suitable when a client needs consistent access to a consultant's expertise and services over an extended period, rather than for one-off projects. The agreement incorporates key elements of Nigerian contract law and business practices, ensuring compliance with local regulations while protecting both parties' interests. It typically includes detailed provisions for service delivery, payment terms, intellectual property rights, and confidentiality obligations, making it suitable for various professional service arrangements from individual consultants to larger consulting firms.
Suggested Sections

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

2. Background: Context of the agreement and brief description of why the parties are entering into this consulting arrangement

3. Definitions: Key terms used throughout the agreement and their specific meanings

4. Scope of Services: Detailed description of consulting services to be provided under the retainer

5. Term and Renewal: Duration of the agreement and provisions for renewal

6. Fees and Payment Terms: Monthly retainer amount, payment schedule, and invoicing procedures

7. Obligations of the Consultant: Key responsibilities, performance standards, and delivery requirements

8. Obligations of the Client: Client's responsibilities including providing information, access, and cooperation

9. Intellectual Property Rights: Ownership and usage rights of materials created during the engagement

10. Confidentiality: Protection of confidential information shared during the engagement

11. Termination: Conditions and procedures for ending the agreement

12. Limitation of Liability: Extent and limits of consultant's liability

13. General Provisions: Standard legal clauses including notices, amendments, governing law, etc.

Optional Sections

1. Non-Compete: Restrictions on consultant's ability to work with competitors, used when sensitive industry knowledge is involved

2. Force Majeure: Provisions for unforeseen circumstances, particularly relevant in uncertain business environments

3. Data Protection: Specific provisions for handling personal data, required if personal data processing is involved

4. Insurance: Requirements for professional indemnity or other insurance, used for high-risk or regulated services

5. Compliance with Laws: Specific regulatory compliance requirements, needed for regulated industries

6. Sub-contracting: Terms for engaging sub-contractors, used when the consultant may need to delegate work

7. Performance Metrics: Specific KPIs and performance measurement criteria, used for complex engagements

8. Training and Knowledge Transfer: Provisions for training client staff, used when knowledge transfer is part of the scope

Suggested Schedules

1. Schedule A - Scope of Services: Detailed breakdown of services, deliverables, and timelines

2. Schedule B - Fee Schedule: Detailed breakdown of fees, expenses, and payment terms

3. Schedule C - Key Personnel: List of key consultant personnel assigned to the engagement

4. Schedule D - Service Levels: Specific performance standards and metrics

5. Appendix 1 - Reporting Templates: Standard formats for progress reports and documentation

6. Appendix 2 - Communication Protocol: Procedures for regular communication and escalation pathways

Authors

Alex Denne

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

Relevant legal definitions






























Clauses



































Relevant Industries

Professional Services

Information Technology

Management Consulting

Financial Services

Healthcare

Energy and Resources

Manufacturing

Education

Telecommunications

Real Estate

Construction

Agriculture

Non-Profit

Public Sector

Media and Entertainment

Relevant Teams

Legal

Procurement

Finance

Human Resources

Operations

Business Development

Compliance

Contract Management

Project Management

Administrative

Relevant Roles

Chief Executive Officer

Managing Director

Legal Counsel

Head of Procurement

Business Development Manager

Project Manager

Operations Director

Finance Director

HR Director

Compliance Officer

Department Head

Procurement Manager

Contract Manager

Business Unit Head

Chief Financial Officer

Consultant

Senior Consultant

Principal Consultant

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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