Document background
The Pre-Bid Joint Venture Agreement is a crucial document used in Nigerian business practice when multiple parties intend to collaborate on a significant tender or project bid. It serves as the foundational agreement that governs the relationship between parties during the bid preparation phase, before the formation of a more permanent joint venture structure. This document is particularly important in the Nigerian context due to local content requirements and the need to combine international expertise with local participation. The agreement typically includes detailed provisions for resource contributions, cost sharing, decision-making processes, and confidentiality measures, while ensuring compliance with Nigerian procurement laws and sector-specific regulations. It addresses both successful and unsuccessful bid scenarios, protecting all parties' interests throughout the bidding process.
