Contracts lay the foundation of every commercial transaction as the terms become the playbook that guides the conduct of parties throughout the lifetime of the transaction. A well drafted contract secures a business relationship while a poorly drafted one is a roadmap of conflicts, financial loss, and legal heartaches. Understanding the common pitfalls is the […]
Drafting a Legally Compliant Data Privacy Policy
Technology has led to the Increasing need for data protection. The world today is on the verge of being fully digitalized and Nigeria is no stranger to this phenomenon. To help regulate data protection, the government set up a commission for the purpose of protecting one’s data (information) Most organizations that collect, store, or process […]
Why Startups Need Legal Preparedness Before Chasing Investment
When founders think about raising money, their minds usually jump to pitch decks, valuations, and networking with investors. But one area that often gets overlooked—until it becomes a dealbreaker—is the legal foundation of the business. Investors aren’t just buying into your idea; they’re buying into a company they believe is structured, secure, and ready to […]
9 Key Workplace Health And Safety Obligations Every Nigerian Employer Should Know
Workplace health and safety are paramount for ensuring the well-being of employees and fostering a productive work environment. In Nigeria, there is a strong legal framework which recognises and mandates workplace health and safety. It is imperative that employees in Nigeria understand and know that their health and safety are not only important but also […]
Negotiating Vendor and Supplier Contracts: A Strategic Guide for Startups
Why Vendor Contracts Matter Startups are often lean on resources, high on ambition, and short on bargaining power. Vendors—whether they provide cloud hosting, packaging, logistics, or software—play an outsized role in your ability to scale quickly and cost-effectively. Misaligned contracts can lead to cash flow problems, bottlenecks in production, or even reputational damage if service […]
Negotiating Investor and Funding Agreements: Securing Terms That Empower Your Startup
For startup founders, securing investment is a pivotal milestone, but the terms of that investment can shape your company’s future for years to come.
Leveraging Limited Resources in Negotiations: How Startups Can Win Big on a Shoestring
Hey, startup founders, let’s get real: you’re not rolling into contract negotiations with a corporate war chest or a team of high-powered lawyers. You’re scrappy, strapped for cash, and probably burning the midnight oil to keep your dream alive. But here’s the good news—your startup’s limited resources don’t have to hold you back at the […]
Key Contract Clauses Startups Should Focus On
For startups, contracts are more than just legal documents—they’re strategic tools that define relationships, protect assets, and drive growth. However, the fine print in contracts can make or break your business. A single overlooked clause could lead to financial strain, loss of intellectual property, or unexpected liabilities. As a startup founder, understanding and negotiating key […]
Preparing for Successful Negotiations: A Startup’s Guide to Getting Ready
For startups, every contract negotiation is a high-stakes opportunity to secure favorable terms, protect resources, and build partnerships that drive growth. Yet, diving into negotiations without proper preparation is like launching a product without a business plan—risky and likely to backfire. Preparation is the cornerstone of successful contract negotiation, especially for startups with limited resources […]
Understanding the Basics of Contract Negotiation for Startups
As a startup founder, you’re likely juggling countless responsibilities—product development, fundraising, team building, and customer acquisition, to name a few. Amid this whirlwind, contract negotiation might seem like just another task to check off your list. However, mastering the art of contract negotiation is a critical skill that can make or break your startup’s success. […]