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The Asset Management Agreement is a crucial document used when a client (individual or institution) wishes to engage a professional asset manager to manage their investment portfolio in Nigeria. It establishes the legal framework for the relationship, ensuring compliance with Nigerian regulatory requirements, particularly the Investment and Securities Act 2007 and SEC regulations. The agreement covers essential aspects such as investment strategy, risk parameters, fees, reporting requirements, and fiduciary responsibilities. It's particularly important in the Nigerian context due to specific local regulatory requirements and market conditions, while also considering potential international investment aspects. The document should be customized based on whether the client is an individual, corporation, or institutional investor, and whether the investment strategy includes local or international assets.

1. Parties: Identification of the Asset Manager and the Client, including full legal names, registration details, and addresses

2. Background: Context of the agreement, including the Asset Manager's qualifications and the Client's intention to appoint them

3. Definitions: Detailed definitions of key terms used throughout the agreement

4. Appointment and Authority: Formal appointment of the Asset Manager and scope of their authority

5. Investment Objectives and Strategy: Agreed investment objectives, risk profile, and investment strategy

6. Services and Responsibilities: Detailed description of services to be provided by the Asset Manager

7. Client's Responsibilities: Obligations of the Client including providing accurate information and timely responses

8. Fees and Expenses: Comprehensive fee structure, payment terms, and eligible expenses

9. Reporting and Valuations: Frequency and content of reports, valuation methodology

10. Risk Disclosures: Detailed disclosure of investment risks and market uncertainties

11. Conflicts of Interest: Disclosure and management of potential conflicts

12. Confidentiality: Protection and handling of confidential information

13. Term and Termination: Duration of agreement and termination provisions

14. Liability and Indemnification: Extent of Asset Manager's liability and mutual indemnification provisions

15. Governing Law and Jurisdiction: Nigerian law as governing law and jurisdiction for disputes

16. Miscellaneous: Standard boilerplate provisions including notices, amendments, and severability