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 […]
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 […]
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 […]
Choosing the Right Business Name: Legal and Practical Tips Selecting a business name is a crucial step in establishing your brand identity. A well-chosen name can set the tone for your business, attract customers, and build a strong foundation for your brand. However, it’s important to consider both legal and practical aspects when choosing your […]
Starting and running a business is an exciting yet challenging journey. One of the critical decisions you’ll face as an entrepreneur is whether to go it alone or bring on a business partner. Partnerships can bring numerous advantages, but they also come with their own set of challenges. Here, we delve into the pros and […]
Legal documentation is an essential and foundational element in managing and operating a business, acting as the backbone for its structure, day-to-day functions, and regulatory compliance. The Importance of Documentation It provides a comprehensive and meticulously detailed framework that clearly delineates the rights, duties, and responsibilities of all parties involved. This includes, but is not […]
Entrepreneurs frequently concentrate on product development, service enhancement, and marketing strategies, but legal considerations are just as crucial. Knowing when and why to hire a business lawyer can help you avoid potential pitfalls and secure your startup’s success. This guide will help you identify when legal expertise is needed and how to choose the right […]
Starting a new business venture is an exciting endeavor, but it also comes with a myriad of legal considerations, especially when seeking investment. Proper legal documentation is essential to protect both the startup and its investors. Here’s a rundown of the key legal documents startups need when bringing investors on board. 1. Term Sheet A […]
The rise of e-commerce has opened up a wealth of opportunities for businesses to reach a global audience. However, with this expansion comes a complex web of legal considerations that online businesses must navigate to ensure compliance and protect both themselves and their customers. This article will explore key legal aspects of e-commerce, including payment […]
In 2024, a business website serves as a crucial touchpoint between a company and its customers. Whether you’re running an e-commerce store, a blog, or a service-oriented site, having clearly defined Terms and Conditions (T&C) is essential. This document not only sets the ground rules for using your website but also protects your business from […]
