Consultancy Agreement

This a simple consultancy agreement for use in Nigeria

Consulting Retainer Agreement



This Consulting Retainer Agreement (the “Agreement”) is made this ……………. Day of …………… 201.., (the Effective Date)

Between

[Consultant’s Legal Name], hereinafter referred to as “the Consultant” of [Address]

And

[Client’s Legal Name], hereinafter referred to as “the Client of [Address]


Both the Consultant and the Client shall hereinafter be referred to as “Parties”and the term “Party” shall be construed accordingly.

The Parties hereby agree as follows:


1. Description of Consulting Services

The Client hereby retains the Consultant to render the following services (collectively the “Services”) :

(i) ________________________________________________________________

(ii) ________________________________________________________________

(iii) ________________________________________________________________


Subject to mutual agreement by the Parties, additional services may be included in writing.

2. Performance of Services

The manner in which the Services are to be performed and the specific hours to be worked by Consultant shall be determined by the Consultant. The Client will rely on Consultant to work as many hours as may be reasonably necessary to fulfill the Consultant's obligations to provide the Services under this Agreement.

3. Retainer/Payment

The Client will pay a retainer to Consultant for the Services in the amount of N____________ [amount in words.] This fee shall be payable in 12 equal instalments on or before the ___ of every month.

4. Expense Reimbursement

Upon providing the Client with relevant supporting evidence and/or documentation, the Consultant shall be entitled to reimbursement from Client for any expenses incurred in rendering out the Services herein.

5. Term/Termination

This Agreement shall be for a term of 1 (one) year from the Effective Date and shall be automatically renewed for another Term upon the same terms and conditions herein save otherwise terminated by either or both Parties.

Notwithstanding the above, either party shall have the right to terminate this Agreement forthwith at any time by giving 30 (thirty) days notice in writing upon the occurrence of any of the following events:

(i) If the other party commits a breach of any of its obligations under the agreement and fails to remedy such breach (if capable of remedy within 21 (twenty-one) days after being served with a notice by the other party to do so;

(ii) If either party is guilty of any conduct which in the opinion of the other parties is prejudicial to the interest of this arrangement.

6. Relationship of Parties

It is hereby understood by the parties that Consultant is an independent contractor with respect to Client, and not an employee of Client.

7. Applicable Law


This Agreement is governed by and shall be construed in accordance with the laws of the Federal Republic of Nigeria

8. Dispute Resolution


Parties shall endeavour to resolve between themselves, any dispute arising out of or in connection with this Agreement within 14 (fourteen) days of a Party formally notifying the other party of the existence of such dispute in writing . If the dispute is not resolved to either Party’s satisfaction, such Party may give to the other Party a notice that a dispute or difference exists, specifying its nature, the point(s) in issue and its intention to refer the dispute to mediation at the Lagos Multi-door Courthouse. If the Parties fail to resolve such dispute or difference by further consultation within a period of fourteen (14) days from the date upon which such notice of dispute has been given, either Party or the complaining Party may institute proceedings in the High Courts of Lagos State.



Signed by the within name Client [Client Name]


_______________________________________________


In the presence of: ­­­­­­­­­­­­­_____________________________

Name:

Address:

Occupation:

Date:



Signed by the within name Consultant [Consultant Name]


_______________________________________________

In the presence of: ­­­­­­­­­­­­­_____________________________

Name:

Address:

Occupation:

Date:

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