Registration of a simple trust in Kenya

I. INTRODUCTION A trust can be defined as a legal relationship that exists between a settlor (creator of the trust) and trustee (a protector of the trust) and a beneficiary. It is important to note that the parties to a trust can either be individuals or legal entities. In this trust arrangement, the settlor transfers […]

The Advantages of Having a Shareholders’ Agreement

The Advantages of Having a Shareholders’ Agreement A shareholders’ agreement is a formal agreement between all or some of the shareholders in a company. A shareholder agreement is usually considered alongside the company’s articles of association, which defines the relationship between the shareholders and is in law considered a contract inter se between the shareholders.  […]

Why Corporate Governance Experts Recommend specially designed articles of association for your Start Up

Why Corporate Governance Experts Recommend specially designed articles of association for your Start Up Introduction The articles of association (AoA) are basically regarded as the “constitution of a company.” They outline the rules and regulations that stipulate a company’s internal affairs. The articles of association are also considered a user’s manual for an organization that […]

Registration of a Limited Liability Partnerships

A limited liability partnership (“LLP”) is a type of partnership where the liability of all partners is limited to the amount that they have each contributed to the partnership. This is unlike a limited partnership in which there exists at least one general partner whose liability is unlimited while the rest of the liability of […]

Understanding Employee/ Share Ownership Plan (ESOPS) in Kenya

Understanding Employee/ Share Ownership Plan (ESOPS) in Kenya What is an ESOP? An ESOP stands for employee stock/ share ownership plan. An ESOP grants company stock to employees, often based on the cadre and duration of their employment. Typically, it is part of a compensation package, where shares will vest over a period of time. […]

Non-disclosure/ confidentiality agreements: The best business practice for protecting confidentiality

A Business may wish to protect certain trade secrets and confidential information from access to third parties and the public in general. Non-Disclosure Agreements, which are also known as confidentiality agreements offer alternative protection, aside from the more common ways of protecting business interests such as copyrights or patents and especially for interests that do […]

What are the Contractual Features of a brand Ambassador Agreement ?

A brand ambassador is an individual hired by a brand to promote and recommend a certain product or shed positive light on a particular brand to their network to increase sales. Following the rise of social media, brand ambassadors, (also known as brand representatives or social media influencers), have become increasingly central to the marketing […]

Defining an offer before a business transaction is made

Defining an offer before a business transaction is made An offer, according to the Black’s Law Dictionary, is a proposal, to do a thing; to present for acceptance or rejection; to hold out or proffer; to make a proposal to, or to exhibit something that may be taken or received or not. Under common law, […]

8 Reasons why the most successful startups hire a lawyer and why you should

The focus of entrepreneurs when starting a business should be developing the product and building the brand. In carrying out any business, there are teething legal issues that cannot be ignored or shelved as they are key in the development of the business. For this reason and to enable the entrepreneurs focus on business generation, […]

ICT Authority Kenya and Netsheria International Sign MOU

ICT Authority Kenya and Netsheria International Sign MOU The ICT Authority Ag. CEO Dr. Kipronoh Ronoh has signed a Memorandum of Understanding with Netsheria International Director Njomo Kamau which will see Netsheria provide business advisory ad legal support services for start up companies that the ICT Authority is supporting under the Whitebox Initiative. The ICT […]