TRADEMARK AND ITS IMPORTANCE TO BUSINESSES (ESPECIALLY STARTUPS) IN NIGERIA

Trademark is one of the most important intangible assets of any business, it permits uniqueness in branding, and also distinguishes businesses from one another. The need to differentiate businesses especially those with similar nature, from time immemorial triggered the emergence of trademark and continues to prompt its evolution. Trademark is simply any unique and recognizableContinue reading “TRADEMARK AND ITS IMPORTANCE TO BUSINESSES (ESPECIALLY STARTUPS) IN NIGERIA”

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ROLE OF LAWYERS IN BUSINESS TO BUSINESS (B2B) TRANSACTIONS OR RELATIONSHIPS

The functions of a lawyer cut across various aspects of the society, varying from social to business to economic and even family Institution. However, the society seems oblivious to this fact. Before delving into the nitty-gritty of this topic, it is important to explain what a Business to Business (B2B) transactions entail. A B2B transactionContinue reading “ROLE OF LAWYERS IN BUSINESS TO BUSINESS (B2B) TRANSACTIONS OR RELATIONSHIPS”

WILLS: DEFINITION AND EXPLANATION

Imagine that in an average Nigerian home today, a 40 year old man informs his 35 year old wife that he was going to see his lawyer to write his will, the following conversation will be the likely aftermath of that information. Wife:  Are you sure you’re okay? Man: Of course, I am. Wife: AreContinue reading “WILLS: DEFINITION AND EXPLANATION”

BRIEF EXPLANATION OF THE PENSION REFORM ACT 2014: FOR SMEs AND MSMEs

The Pension Reform Act 2014, which repealed the Pension Reform Act No. 2 of 2004 (repealed Act) was signed into Law on 1st day of July, 2014. The Pension Reform Act governs and regulates the administration of the contributory pension scheme for both public and private sectors in Nigeria. The crux of the Act isContinue reading “BRIEF EXPLANATION OF THE PENSION REFORM ACT 2014: FOR SMEs AND MSMEs”

BRIEF BREAKDOWN OF THE NATIONAL HOUSING FUND ACT

National Housing Fund (NHF) established by the NHF Act of 1992 is a Federal Government scheme, which entitles all Nigerians above the age of 21 years in paid employment to a government funded loan with low interest. The National Housing Fund was created by the Federal Government to cater for the housing needs of the Nigerian citizenry.

SHORT ANALYSES OF THE EMPLOYEE COMPENSATION ACT, 2010.

The Employee Compensation Act, 2010 (the Act) is the extant law governing the payment of compensation to all employees both in the public and private sector except members of the armed forces. It mandates all employers to contribute 1% of the total monthly payroll into the compensation fund and entitles all employees to claim compensationContinue reading “SHORT ANALYSES OF THE EMPLOYEE COMPENSATION ACT, 2010.”

TRADE UNIONS IN NIGERIA (series)

A trade union is an organized association of workers or employers from related fields – trades, profession or industry, who come together for the purpose of protecting its members against exploitation by their employers or supervisory or regulatory bodies, and ensuring the maintenance and improvement of their collective interests.

INTELLECTUAL PROPERTY SERIES: PATENTS AND DESIGNS

Patent is an exclusive right granted to confer legal protection on an invention for a given period, which exclusive right expressly excludes others from making, using, or selling said invention in the country from which it is obtained without permission or consent during the existence of the patent. Patent in Nigeria is regulated by theContinue reading “INTELLECTUAL PROPERTY SERIES: PATENTS AND DESIGNS”

INTELLECTUAL PROPERTY SERIES: WHAT YOU NEED TO KNOW ABOUT TRADEMARK

A trademark, according to Wikipedia is a type of intellectual property consisting of a recognizable sign, design, or expression which identifies products or services of a particular source from those of others, although trademarks used to identify services are usually called service marks.

The trademark owner can be an individual, business organization, or any legal entity. –>

INTELLECTUAL PROPERTY SERIES: WHAT YOU SHOULD KNOW ABOUT COPYRIGHT

Intellectual property (IP) is a category of property that includes intangible creations of the human intellect. It refers to creations of the mind, such as inventions; literary and artistic works; designs; and symbols, names and images used in commerce. Simply put, it is property created by the human intellect.