The 7 Important Elements of a Binding Contract in Nigeria
Understanding a binding contract can be a little bit difficult, especially for someone that does not understand the law. Having the knowledge of how a binding contract work gives power to an individual to form a “contracting relationship” with another individual. A “binding contract” is an agreement between two or […]
How To Safeguard your Business from Tax Issues
Learning the rules abiding taxes with regard to running a business can be a big task. This can either go smoothly or lead to making the wrong decisions for your taxes or even worse, simply guessing that you are doing the right thing and staying out of trouble. Well, it […]
Intellectual property: A Guide to Securing your Ideas.
Most people do not enjoy having to deal with someone else using their idea without permission especially if credit was not given when due. An original idea can be regarded as an “intellectual property (IP)” when and if it is protected by law. According to the World Intellectual Property Organization […]
The legal responsibilities of starting a business in Nigeria
A lot of people aspire to start their own business. They dream of being a boss and earning their own money. However, making it in today’s commercial market is not easy, it requires planning to get it right. Planning could include, developing a strong business plan, making key financial decisions, […]
THE JUNE 30TH 2020 DEADLINE FOR ALLOTTING THE UNISSUED SHARES IN THE SHARE CAPITAL OF A COMPANY – UPDATED
Since the coming into force of the Companies and Allied Matters Act, 2020 (CAMA 2020), it has been in the public domain that companies can no longer reserve or leave some of the shares in their share capital unallotted. This practice of unallotted or to be précised unissued share capital […]