The Master Developer Agreement is a crucial document for large-scale development projects in Nigeria, typically used when a developer takes on the responsibility for comprehensive development of a significant land area or complex project. This agreement is essential in the Nigerian context where land rights, environmental regulations, and development permissions are heavily regulated under various federal and state laws. The document addresses key aspects including land rights under the Land Use Act, environmental compliance, local content requirements, and community relations. It typically includes detailed provisions for phased development, infrastructure requirements, and quality standards, while ensuring compliance with Nigerian building codes and planning regulations. The agreement serves as the primary framework document governing the relationship between the master developer, landowners, and relevant authorities throughout the project lifecycle.
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1. Parties: Identification of the master developer, landowner, and any other key parties
2. Background: Context of the development project, including site details and development objectives
3. Definitions and Interpretation: Key terms used throughout the agreement and interpretation rules
4. Appointment and Scope: Formal appointment of master developer and scope of development rights
5. Development Rights and Obligations: Detailed rights granted to developer and corresponding obligations
6. Land Rights and Planning: Land access, ownership structures, and planning permission requirements
7. Development Program: Timeline, phases, and milestones for the development
8. Construction Standards: Required quality standards, building codes, and technical specifications
9. Environmental Compliance: Environmental protection requirements and compliance obligations
10. Financial Terms: Payment structures, development fees, and financial obligations
11. Performance Security: Required guarantees, bonds, or other security arrangements
12. Risk Allocation: Distribution of risks between parties and risk management procedures
13. Representations and Warranties: Standard representations and specific project-related warranties
14. Term and Termination: Duration of agreement and termination provisions
15. Force Majeure: Events beyond party control and their consequences
16. Dispute Resolution: Procedures for resolving disputes including arbitration provisions
17. Governing Law: Application of Nigerian law and jurisdiction
18. General Provisions: Standard boilerplate clauses including notices, amendments, etc.
1. Local Content Requirements: Required when project must comply with Nigerian Content Development Act
2. Infrastructure Development: For projects requiring significant infrastructure development
3. Community Relations: When project requires specific community engagement or benefits
4. Marketing Rights: When developer has rights to market completed development
5. Intellectual Property: When project involves significant IP rights or branding
6. Employment Obligations: When specific local employment requirements apply
7. Facility Management: When developer has post-completion management responsibilities
8. Sustainability Requirements: For projects with specific green building or sustainability requirements
1. Property Description: Detailed description of development site including plans and surveys
2. Development Program: Detailed timeline and phasing of development works
3. Technical Specifications: Detailed construction and quality specifications
4. Financial Model: Detailed financial terms, payments, and calculations
5. Performance Standards: Specific KPIs and performance requirements
6. Required Approvals: List of required governmental and regulatory approvals
7. Form of Performance Security: Ƶ for required bonds or guarantees
8. Environmental Requirements: Detailed environmental standards and compliance requirements
9. Design Guidelines: Architectural and design standards for the development
10. Insurance Requirements: Details of required insurance coverage
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