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Monthly Retainer Consulting Agreement Template for Nigeria

A comprehensive legal agreement governed by Nigerian law that establishes a recurring monthly consulting arrangement between a consultant/consulting firm and a client. This document outlines the terms and conditions for ongoing professional services, including scope of work, payment terms, confidentiality provisions, and other key contractual obligations. The agreement is structured to comply with Nigerian Contract Law and relevant regulations, including labor laws and tax requirements, while providing flexibility for various consulting scenarios and professional service arrangements.

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What is a Monthly Retainer Consulting Agreement?

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.

What sections should be included in a Monthly Retainer Consulting Agreement?

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.

What sections are optional to include in a Monthly Retainer Consulting Agreement?

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

What schedules should be included in a Monthly Retainer Consulting Agreement?

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) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents

Jurisdiction

Nigeria

Publisher

Genie AI

Cost

Free to use

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