6 Key Clauses in the Partnership Agreement to make your small business huge.
6 Key Clauses in the Partnership Agreement to make your small business huge. Depending on the size of the business activities and the number of partners engaged, partnerships can be complex. The formulation of a partnership agreement is essential in this kind of business structure to lessen the possibility of conflicts among partners. Although each […]
Five important clauses you cant ignore in partnership agreement
FIVE IMPORTANT CLAUSES YOU CAN’T IGNORE IN PARTNERSHIP AGREEMENTS. There are three types of partnership: General partnership (GP); Limited partnership (LP); and Limited liability partnership (LLP). The founding partners various objectives informs the type of partnership they choose to deploy. For example: A general partnership has the simplest/quickest incorporation process; while limited partnerships are often […]
The 6 major advantages of registering your trademark
THE 6 MAJOR ADVANTAGES OF REGISTERING YOUR TRADEMARK A trademark is a form of intellectual property, where registration is proof of ownership. In a country that is cognizant of both unregistered and registered trademarks, registering your Trademark is the quickest and most cost-effective way to ensure legal exclusivity for the use of your name or […]
Doctrine of Passing Off
DOCTRINE OF PASSING OFF What Is Passing Off Passing off is similar to trade mark infringement, but applies to protect unregistered rights associated with a particular business, its goods or services. The principle underlying the tort of passing off as was lain in the precedent of Perry v Truefitt (1842) is that “A man is not […]
Unregistered Trademarks for Startups
UNREGISTERED TRADEMARKS FOR STARTUPS INTRODUCTION In the process of incorporating your startup, you were probably required to register a corporate name under which you would be doing business. A corporate name approved as part of the incorporation process allows your company to operate a business using that name within the territory registered. If your corporate […]
Top 4 key legal requirements to look out for when registering a startup
TOP 4 KEY LEGAL REQUIREMENTS TO LOOK OUT FOR WHEN REGISTERING A STARTUP A startup is simply defined as a company at its initial stages in its business. When a startup is newly formed it often requires financing either through capital contribution from the company’s owners/ promoters or through investor financing, loan facilities and venture […]
The 8 key essential documents required for startups?
THE 8 KEY ESSENTIAL DOCUMENTS REQUIRED FOR STARTUPS? A startup is as a company at its initial stages in its business. When a startup is newly formed it often requires financing either through capital contribution from the company’s owners/ promoters or through investor financing, loan facilities and venture capitalists. The formation of a startup company […]
Advantages of Corporate Governance in start-up companies
CORPORATE GOVERNANCE IN START- UP COMPANIES WHAT IS CORPORATE GOVERNANCE? Corporate governance is the legal and regulatory measures taken to ensure the protection of shareholders’ interests in a company and ensure the proper direction and control of the company in line with the said laws and regulations. This definition was derived from concerns relating to […]
7 key terms to include in a Term Sheet
7 key terms to include in a Term Sheet What is a Term Sheet? A term sheet is a non-binding agreement between parties that sets out the basic terms and conditions of an investment and which is usually used by startup companies when they commence their operations. The non-binding effect of a term sheet signifies […]
Why do you need a shareholder agreement?
WHY DO YOU NEED A SHAREHOLDER AGREEMENT? A Shareholder Agreement is a contract made between the shareholders of a company. It describes rights and obligations of the shareholders as well as states the general operations of the company. It also describes the powers or duties of shareholders which include: An oversight role over the directors/ […]
