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Partnership Agreement — Nigeria

Governing law referenceCompanies and Allied Matters Act 2020 and common law duty of confidence
Local enforcement bodyCorporate Affairs Commission (CAC) / Federal High Court
Average legal fee range₦15,000–₦50,000/hrpending legal review
Compliance requirementShould clearly define each partner's capital contribution, profit-sharing ratio, and decision-making authority.
Penalty for violationWithout a written agreement, many jurisdictions default to equal profit-sharing and joint liability regardless of actual contribution.pending legal review
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