Before you start a business, whether it is based on your passion or even a hobby you are looking to monetize, apart from acquiring knowledge of the business you want to venture into, it’s important to decide on the legal structure of your business. The law plays a major role in how your business would […]
A sole proprietorship is about the simplest business structure for starting businesses all over the world. It is also the most common kind of structure that exists, especially in third-world countries. Here’s a simple question before we continue. How much do you know about sole proprietorships? Many of us only have a peripheral knowledge about […]
A company is a structure that is under a statutory regulation and also incorporated so as to maximize profit. Regardless of what type of company it is – limited or unlimited, all companies have to be registered. This is in accordance with the law regulating companies in Nigeria, which is the Company and Allied Matters […]
Godwin Amadi This article considers some issues which often need to be addressed in a commercial contract, almost irrespective of the specific subject matter of the contract. Many of these issues are regarded as legal issues by the commercial representatives of the parties and as commercial issues by their lawyers. Either way, they may need […]
Godwin Amadi There are several reasons businesses proper. One of them is having a competitive advantage in form of unique ideas, innovations or superior creative prowess. This advantage can be infringed on if businesses do not take concrete steps to legally protect these ideas and inventions. The most common ways to protect your ideas are patents […]
Godwin Amadi A company is a legal person in the eyes of the law. It must act through human agents elected by the shareholders, appointed by the directors, or hired by the officers. No shareholder, not even one who owns 99% of the shares, can act for the company or bind it by contract merely […]
