DIYlaw Resources

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Company LawCorporate GovernanceStarting & Operating a Business

Documents needed to start a business – Incorporation Documents

Whether it is a business name, a limited liability company or a partnership, you need to have some form of entity through which you and others would participate in and run your startup. This entity would possess enabling and creating documents, which are most likely documents you filed and received from the Corporate Affairs Commission […]...
ContractsEmploymentStarting & Operating a Business

What is an employee contract ?

An employee contract is an agreement between an employer and the employee. The employee contract basically states out the terms and conditions of the employment relationship. Like every contract, there must be: an offer  – the employer offers the employments stating the terms of such employment; an acceptance – the employee accepts the employment and […]...
ContractsEmploymentStarting & Operating a Business
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What is the difference between a non-solicitation and non-competition clauses?

Although sometimes found in transactions between parties, non-solicitation and non-competition (or non-compete) clauses are typically found in employment agreements. The difference between both lies in the scope of what they prohibit.   A non-solicit restricts, restrains or prohibits the employee (or party if a transaction) from contacting the employer’s past, present (or sometimes prospective) customers, […]...
EmploymentInformation TechnologyIntellectual PropertyStarting & Operating a Business
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Why do employees need to sign Intellectual Property/Invention Assignment Agreement?

The greatest asset of any entrepreneur is the entrepreneur’s intellectual property (IP), i.e. the non-tangible assets that go into building or establishing a business.   The general assumption in law is that the owner of a work, is its creator as such if an employee creates any work whilst being employed by the employer, unless […]...
ContractsInformation TechnologyIntellectual PropertyInvestments & FinancingStarting & Operating a Business

What types of information can be protected using a Non Disclosure Agreement?

Any information can be protected using a Non-Disclosure Agreement  (NDA) so long as both parties agree for such information to be protected. The confidentiality obligation of the NDA may be express or implied depending on what the parties to the NDA agree. Some parties will agree that only information expressly stated to be confidential is […]...
ContractsInformation TechnologyIntellectual PropertyStarting & Operating a Business

What is a Non-Disclosure Agreement?

A Non-Disclosure Agreement (NDA), also referred to as a Confidentiality Agreement is legally enforceable agreement in which parties agree on the type of information, documents or details that are to be considered confidential and secret. The parties then agree not to disclose these information, documents or details to others. An NDA could be mutual (i.e. […]...
Family LawWills and Estates

What happens if I die without a will?

Dying without a will is otherwise known as dying intestate. When a person dies intestate, , the “laws of the land” kicks in to administer and distribute the person’s estate. In Nigeria, the particular law that will apply depends on a number of factors including where the person lived, the person’s lifestyle, what type of […]...
Contracts

Is a paper napkin contract valid?

  Yes, a paper napkin contract is valid.   It does not matter what the contract is written on so long as all the elements of entering into a contract are present. These elements include offer, acceptance, an exchange of consideration and an intent to  be bound....
ContractsStarting & Operating a Business

Must a contract be in writing to be valid?

No, a contract does not have to be in writing to be valid. A contract can be oral, written or implied. What is important is for all the elements of entering into contract must be present. These elements include offer, acceptance, an exchange of consideration and an intent to  be bound....
Family LawWills and Estates

What is Estate Planning?

Estate Planning is when individuals or families make preparation plans for the administration and management of their properties in anticipation of someday dying. It involves naming those who will inherit or benefit from these properties and how the properties will be transferred. Types of estate planning vehicles include wills, trusts, power of attorney, holding companies […]...