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The African Continental Free Trade Agreement (AfCFTA) is a historic agreement between 54 African countries that aims to create a single market for goods and services across the continent. The agreement, which was signed in March 2018 and came into effect on January 1, 2021, is expected to boost intra-African trade and drive economic growth.

The AfCFTA is the largest free trade agreement in the world in terms of participating countries since the formation of the World Trade Organization. The agreement aims to create a single market for goods and services across the continent eliminating tariffs and non-tariff barriers to trade.

The AfCFTA has been in the works since 2012, with negotiations beginning in 2015, and was finally signed in March 2018. It is expected to create a market of over 1.2 billion people and a combined GDP of over $3 trillion.

The agreement is expected to have far-reaching effects on the African economy. It is expected to create new jobs in manufacturing, boost agricultural production, and increase access to affordable goods and services.

The AfCFTA has also been hailed as a tool for promoting regional integration and reducing conflict on the continent. By creating a common market, the agreement is expected to increase the interdependency of African countries, promoting peace and stability.

The AfCFTA has its own wiki page that provides detailed information on the agreement, its background, and its potential impact on the African economy. The page provides information on the agreement`s history, objectives, and signatories, as well as its potential benefits and challenges.

As the AfCFTA continues to unfold, it is expected to drive significant changes in the African economy. The agreement is expected to create new opportunities for businesses and investors and contribute to the development of a more integrated and prosperous Africa.

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A construction management agreement is a crucial document that outlines the terms and conditions between a client and a construction manager. It serves as a guide for the entire construction project, ensuring that both parties are on the same page throughout the duration of the project.

If you are in the construction industry, it is essential that you have a construction management agreement in place. Here is a sample agreement to help you get started.

1. Parties Involved

This section outlines the names of the parties involved in the agreement, including the client and the construction manager. It should also include their addresses and contact information.

2. Scope of Work

The scope of work section outlines the specific tasks that the construction manager will perform. It should be detailed, including the estimated start and completion dates.

3. Payment Terms

This section outlines the payment terms for the construction manager. It should include the total amount to be paid, payment schedule, and any additional expenses that may occur during the project.

4. Termination Clause

The termination clause outlines the conditions under which the agreement may be terminated. It should include the reasons for termination and any penalties that may arise from terminating the agreement.

5. Insurance

This section outlines the insurance coverage required for the construction project. It should include the types of insurance required, the minimum coverage amounts, and any additional requirements.

6. Dispute Resolution

The dispute resolution section outlines the procedures for resolving any disputes that may arise during the construction project. It should include the steps that both parties will take to resolve the disputes and the time frame for resolution.

7. Confidentiality

The confidentiality clause outlines the confidentiality obligations of both parties. It should include the types of information that must be kept confidential and the consequences of disclosing confidential information.

Conclusion

A simple construction management agreement sample is a useful tool for ensuring that both the client and the construction manager are on the same page. It is important to note that the agreement should be tailored to the specific needs of the project and the parties involved. A well-drafted construction management agreement can help avoid costly disputes and ensure a successful construction project.