Development Contract

Jangodrills Development Contract

Between The Brick Dev Studios ("the Studio")
And B.M.S Jango Drills ("the Client")
Date 29 March 2026
Version 1.0

01 Parties

The Studio: The Brick Dev Studios, a web and mobile development studio responsible for the design, development, and deployment of the platform described in this contract.

The Client: B.M.S Jango Drills, the commissioning party and owner of the Jangodrills investment platform upon completion of all payment obligations.

02 Purpose

This contract governs the design, development, testing, deployment, and ongoing maintenance of the Jangodrills digital investment platform as described in the Jangodrills Project Proposal dated 29 March 2026 ("the Proposal"). This contract and the Proposal are companion documents and should be read together. Where a conflict exists between this contract and the Proposal, this contract takes precedence.

03 Scope of Work

The Studio will design, develop, and deploy a mobile-first single page application (SPA) investment platform comprising:

Phase 1 (Open the Doors)

Phase 2 (Turn on the Engine)

Legal content

Brand identity (completed)

The full detail of every feature, route, component, and admin function is documented in the Proposal (Sections 5.1 and 5.2).

04 What is Not Included

The following items are explicitly excluded from this contract:

Any of these items can be quoted and contracted separately as future additions.

05 Timeline

PhaseDurationStarts
Phase 14 weeksOn receipt of Phase 1 deposit
Phase 25 to 6 weeksOn receipt of Phase 2 deposit

Total estimated project duration: 9 to 10 weeks from first payment.

Phase 2 may begin immediately after Phase 1 delivery or at a later date at the Client's discretion. The Phase 2 timeline starts from the date of the Phase 2 deposit, not from Phase 1 delivery.

These timelines assume the Client provides all required materials (content, assets, gateway documentation, feedback on deliverables) within 3 business days of each request. Delays in Client responses will extend the timeline by an equivalent number of days.

06 Pricing

ItemAmount
Phase 1: Open the Doors$2,800
Phase 2: Turn on the Engine$4,400
Total Build Fee$7,200
Monthly Maintenance Retainer$220/month

The total build fee covers all design, development, testing, deployment, brand identity, legal content drafting, and SEO/LLM discoverability work across both phases.

07 Payment Terms

Phase 1

MilestoneAmountTrigger
Phase 1 deposit$1,400On acceptance of this contract
Phase 1 completion$1,400On delivery and Client sign-off of Phase 1

Phase 2

MilestoneAmountTrigger
Phase 2 deposit$2,200On commencement of Phase 2
Phase 2 completion$2,200On delivery and Client sign-off of Phase 2

Payment Rules

7.1 All amounts are in US Dollars.

7.2 Work on each phase begins only after receipt of the deposit for that phase.

7.3 If a milestone payment is overdue by more than 7 days, the Studio reserves the right to pause all work until payment is received. The timeline will be extended by the number of days work was paused.

7.4 If a milestone payment is overdue by more than 30 days, the Studio reserves the right to terminate this contract under Section 13.

7.5 The Client will receive an invoice for each milestone payment.

7.6 Payments are non-refundable for work already completed. If the Client cancels the project mid-phase, the Studio will invoice for work completed up to the date of cancellation on a pro-rata basis.

08 Delivery and Sign-Off

8.1 At the end of each phase, the Studio will present the completed deliverables to the Client for review.

8.2 The Client has 7 business days from the date of presentation to review the deliverables and provide written feedback.

8.3 The Studio will address all feedback items that fall within the agreed scope of that phase. Items that fall outside the scope will be quoted separately.

8.4 After the Studio has addressed all in-scope feedback, the Client has 3 business days to provide final sign-off.

8.5 If the Client does not respond within the review or sign-off periods, the deliverables are deemed accepted.

8.6 Sign-off on a phase triggers the milestone completion payment for that phase.

09 Client Obligations

The Client agrees to:

9.1 Provide timely feedback on all deliverables within the timeframes specified in Section 8.

9.2 Provide all content, assets, and materials requested by the Studio within 3 business days of each request.

9.3 Designate a single point of contact for all project communications.

9.4 Pay all milestone payments on time as specified in Section 7.

9.5 Provide Paystack API credentials and any other third-party service credentials required for integration.

9.6 Provide international payment gateway API documentation when available.

9.7 Arrange and pay for all third-party operational costs listed in Section 11 of the Proposal (hosting, email service, VPN detection API, file storage, business email).

9.8 Complete all regulatory and compliance requirements as outlined in Section 10 of this contract before the platform is launched to the public.

9.9 Engage a qualified Nigerian lawyer to review and approve all legal content (Terms and Conditions, Privacy Policy, Risk Disclosure) before the platform is launched to the public.

9.10 Not hold the Studio liable for any regulatory, legal, or financial consequences arising from the Client's investment model, business practices, or failure to obtain required registrations.

10 Launch Conditions

The platform will be fully developed and tested during the build phases. However, the platform will not be launched to the public until the following conditions are met:

10.1 CAC Registration: The Client must have a registered business with the Corporate Affairs Commission of Nigeria.

10.2 SEC Compliance: The Client must have either (a) obtained the required SEC registration for their investment model, or (b) obtained written legal advice from a qualified Nigerian securities lawyer confirming that SEC registration is not required for their specific business structure.

10.3 Legal Content Approval: The Terms and Conditions, Privacy Policy, and Risk Disclosure must be reviewed and approved by the Client's lawyer.

10.4 Payment Gateway Live Credentials: The Client must provide live (not test) payment gateway credentials.

10.5 Full Payment: All outstanding milestone payments must be received.

The Studio will deploy the platform to a staging environment during development for testing and review. The platform will be moved to the production environment and made publicly accessible only after all launch conditions are satisfied.

If the Client chooses to launch the platform before satisfying conditions 10.1, 10.2, or 10.3, the Client does so at their own risk and fully indemnifies the Studio against any legal, regulatory, or financial consequences arising from that decision. The Studio will note this in writing at the time of launch.

11 Maintenance Retainer

11.1 The maintenance retainer of $220/month begins on the day Phase 1 goes live to the public.

11.2 The retainer covers: server monitoring and uptime, bug fixes and minor adjustments, security patches, database maintenance, Supabase management, and email deliverability monitoring.

11.3 The retainer does not cover: new feature development, major redesigns, scope additions, or changes resulting from third-party service modifications outside the Studio's control. These are quoted separately.

11.4 The retainer is invoiced monthly on the anniversary of the launch date.

11.5 Either party may cancel the maintenance retainer with 30 days written notice.

11.6 If the maintenance retainer is cancelled, the Studio is not responsible for server uptime, security, bug fixes, or any platform issues that arise after the cancellation date.

12 Intellectual Property and Ownership

12.1 On receipt of full payment for each phase, the Client receives full ownership of all code, design assets, brand identity files, and content produced for that phase.

12.2 The Client may modify, redistribute, or transfer the deliverables without restriction after full payment.

12.3 Until full payment is received for a phase, all deliverables for that phase remain the property of the Studio.

12.4 The Studio retains the right to showcase the project in its portfolio, website, social media, and marketing materials. This includes screenshots, descriptions, and case studies of the work.

12.5 Third-party libraries, frameworks, and tools used in the build (React, Express.js, Supabase, Phosphor Icons, Fontshare fonts, etc.) remain subject to their respective open-source or commercial licenses. The Studio does not transfer ownership of third-party code.

13 Termination

By the Client

13.1 The Client may terminate this contract at any time by providing written notice to the Studio.

13.2 On termination by the Client, the Studio will invoice for all work completed up to the date of termination on a pro-rata basis. Any deposit already paid will be applied against this invoice.

13.3 If the pro-rata amount exceeds the deposit already paid, the difference is due within 7 days of termination.

13.4 On termination by the Client, the Studio will deliver all completed work (code, assets, documentation) within 5 business days of receiving final payment.

By the Studio

13.5 The Studio may terminate this contract if:

13.6 On termination by the Studio, the same pro-rata invoicing and deliverable handover terms apply (Sections 13.2 to 13.4).

Effect of Termination

13.7 Termination of this contract does not affect any rights or obligations that accrued before the termination date.

13.8 Sections 12 (Intellectual Property), 14 (Confidentiality), and 15 (Limitation of Liability) survive termination.

14 Confidentiality

14.1 Both parties agree to keep confidential any proprietary information, business strategies, financial data, user data, and technical details shared during the course of this project.

14.2 Confidential information does not include information that is publicly available, already known to the receiving party, or independently developed without reference to the disclosing party's information.

14.3 The Studio will not share the Client's business model, financial projections, user data, or internal operational details with any third party.

14.4 The Client will not share the Studio's proprietary development processes, internal documentation, or pricing structures with any third party.

14.5 This confidentiality obligation survives the termination of this contract for a period of 2 years.

15 Limitation of Liability

15.1 The Studio's total liability under this contract is limited to the total fees paid by the Client under this contract.

15.2 The Studio is not liable for any indirect, consequential, or incidental damages, including but not limited to loss of revenue, loss of data, loss of investors, or business interruption.

15.3 The Studio is not liable for any losses arising from:

15.4 The Studio does not provide financial, legal, or regulatory advice. The regulatory information provided in the compliance document and the Proposal is for informational purposes only and does not constitute legal counsel. The Client must engage their own qualified professionals for legal and regulatory matters.

16 Dispute Resolution

16.1 Both parties agree to attempt to resolve any disputes arising from this contract through good-faith discussion.

16.2 If a dispute cannot be resolved through discussion within 14 days, both parties agree to engage a mutually agreed-upon mediator before pursuing any other remedy.

16.3 If mediation fails, the dispute will be resolved through arbitration in accordance with the laws of the Federal Republic of Nigeria.

17 Amendments

17.1 Any changes to the scope, pricing, timeline, or terms of this contract must be agreed in writing by both parties.

17.2 Verbal agreements or informal messages (WhatsApp, SMS, phone calls) do not constitute amendments to this contract unless followed by a written confirmation signed or acknowledged by both parties.

17.3 Scope additions requested by the Client during the project will be documented, quoted, and contracted separately before work begins on those additions.

18 Acceptance

By signing below or confirming acceptance in writing (email or message), both parties agree to all terms outlined in this contract and the accompanying Jangodrills Project Proposal.

The Studio
Name
Title
Date
Signature
The Client
Name
Company B.M.S Jango Drills
Date
Signature