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Company LawStarting & Operating a Business
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How to register a business entity in Nigeria

  This infographic was developed by DIYlaw and designed by Starta,  a business support platform for startups and entrepreneurs. You can visit them on www.thestarta.com Before you register your business entity, take time to find out who you really need in your business....
Property lawWills and Estates

3 reasons why your next-of-kin isn’t as important as you think

At some point in this short life, whether is at the bus park or the airport or at the bank, we’ve being asked to provide our next-of-kin details, right? In this part of the world, we’ve come to place a certain amount of unimaginable value on the person of next-of-kin, which really shouldn’t be. A […]...
Company LawStarting & Operating a Business
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5 Steps to setting up a legal entity for your business in Nigeria

If you are considering setting up a legal structure for your business in Nigeria, here are 5 steps to getting the process done: 1. Determine what legal entity you want. In Nigeria the most popular legal entities are: a. registered business name (usually for sole proprietorships and partnerships); b. limited liability company (which can be […]...
Company LawCorporate GovernanceStarting & Operating a Business

I thought MEMART was a cartoon character until …..

Yeah, you read the title right. You can only imagine the disappointment when I realised MEMART wasn’t my awesome superhero with lightning speed and consistent awesomeness …………… Well let’s get down to the nitty gritty of the whole post, MEMART means Memorandum and Articles of Association, and serves as the constitution of the company, mostly […]...
Company LawStarting & Operating a Business

4 Tips for choosing your company name

Agadi Nwanyi wanted to register his company and the name that  easily came to mind was Agadi Nwanyi Nig. Ltd. You can imagine his disappointment when he realised that the name had been registered at the Corporate Affairs Commission (CAC) Choosing a company name off the top of your head might seem like a walkover, […]...
ContractsInvestments & FinancingStarting & Operating a Business

8 Things To Know When Drafting a Memorandum of Understanding (MOU)

Clearly, the Memorandum of Understanding is a formal agreement between two or more parties. It is often used in cases where parties do not want a legal commitment or in situations where the parties cannot create a legally enforceable agreement. An MOU is a formal alternative to a gentlemen’s agreement. In the United Kingdom, an […]...
Information TechnologyStarting & Operating a Business

5 things to note before visiting that Cybercafe

  Sometimes we find ourselves in the wrong place at the wrong time. A typical cybercafé in Nigeria is one of such wrong places. And one of such wrong times is when the Nigerian Police is raiding the area or the Economic and Financial Crimes Commission (EFCC) officers are ahead of you. Either way, you […]...
Information TechnologyIntellectual PropertyStarting & Operating a Business
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How to protect your software programme

The World Intellectual Property Organization (WIPO) defines “Programmes” as: “a set of instructions capable, when incorporated in a machine readable medium of causing a machine having information processing capabilities to indicate, perform or achieve a particular function or result”. If your code or software fits the above description, then you have a programme recognized under […]...
Information TechnologyIntellectual Property
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Data Protection and Service Provider’s Liability in Nigeria

Cybersecurity is a big issue to businesses, government, and individuals. Any service providers that receive, send, or store data electronically may be a target of cyberattacks or breach. Under the Cybercrime Act, a service provider means any public or private entity that provides communication services to users by means of: a computer system, electronic-communication devices, […]...
ContractsLandlord-tenant

6 Essentials of a tenancy agreement

A tenancy agreement is a written document stating the duties and obligations of a landlord and his/her tenant. This document is signed by the tenant and the landlord or his duly appointed agent before and they both become bound by the terms once the agreement is signed. Now let’s discuss the basic features of a […]...
Company LawStarting & Operating a Business

Types of Business Entities – Private Limited Liability Company

If you have any plans of taking OPM (Other People’s Money) and these other people happen to be institutions, this is the vehicle for you. That advantage notwithstanding, incorporating a company creates some degree of additional complexity and expenses as compared to opting for a business name.  One of the advantages of a company is […]...