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”
Tag Archives: startups
WHAT YOU NEED TO KNOW ABOUT EMPLOYMENT CONTRACTS
An employment contract also known as contract of employment is an agreement that covers the working relationship between an employer and an employee. It allows both parties to clearly understand their obligations, responsibilities and the terms of employment. An employment contract must clearly define all terms and conditions of the employment relationship. Under Section 91Continue reading “WHAT YOU NEED TO KNOW ABOUT EMPLOYMENT CONTRACTS”
WHAT YOU NEED TO KNOW ABOUT NON-DISCLOSURE AGREEMENTS (NDAs)
A Non-Disclosure Agreement (NDA) also known as Confidentiality Agreement (CA), Confidential Disclosure Agreement (CDA), Proprietary Information Agreement (PIA) or Secrecy Agreement (SA) is a legal contract or part of a contract between at least two parties that outlines confidential material, knowledge or information which the parties wish to share with one another for certain purpose,Continue reading “WHAT YOU NEED TO KNOW ABOUT NON-DISCLOSURE AGREEMENTS (NDAs)”
HOW THE NEWLY AMENDED COMPANIES AND ALLIED MATTERS ACT (CAMA) WILL AFFECT YOU AS AN ENTREPRENEUR OR BUSINESS OWNER.
President Muhammadu Buhari signed into law the Companies and Allied Matters Act (CAMA) on August 7, 2020. The new CAMA has repealed and replaced the extant CAMA of 1990 and will make Nigeria’s business environment as competitive as its counterparts around the world. This amendment is the first in 30 years and contains some vital amendments that startups and entrepreneurs must be aware and take advantage of.
Since what you don’t know can actually kill you (or your business), we have made a highlight of some of the key and vital provisions below to guide you
SOME LEGAL FACTORS TO CONSIDER BEFORE STARTING THAT BUSINESS
In our previous article, we shared the possibility of launching a business even in this pandemic, and how that you can hit it real big despite the bleak times the entire world is in.
In this article, we’ll be addressing the legal factors you must put into consideration before launching your business. Laws they say, is what makes us different from animals and ignorance of the law has never been, is not and will never be an excuse to violate the laws that guide business operations in Nigeria.
DID YOU TAKE A LOAN PRE COVID-19 AS AN SME OR STARTUP? YOU SHOULD RENEGOTIATE YOUR LOAN TERMS NOW!
If you’re reading this and you’ve lost your job, your salary has been slashed or you’ve suffered business loss as a result of this pandemic that makes it impossible for you to comply with your loan agreements and repayment plans, my counsel to you is to approach your creditor, be it a commercial bank, micro finance bank or any other money lending outfit and request a renegotiation of your repayment plan.