The Role of Intellectual Property in Growing and Protecting your Business Brand
The Role of Intellectual Property in Growing and Protecting your Business Brand In today’s competitive business landscape, developing a strong brand has become crucial for companies seeking long-term sustainability and growth. Therefore, one essential aspect of brand development that cannot be overlooked is the strategic utilization of intellectual property (IP) rights. IP serves as a […]
Why you should always include an Arbitration Clause in a contract document
WHY YOU SHOULD ALWAYS INCLUDE AN ARBITRATION CLAUSE IN A CONTRACT DOCUMENT An arbitration clause is a provision in a contract that requires the parties to resolve any disputes that may arise through arbitration rather than through court litigation. The act defines an Arbitration as, a procedure in which a dispute is submitted, by agreement […]
7 Examples of what to disclose at the initial stages of contract negotiation
7 EXAMPLES OF WHAT TO DISCLOSE AT THE INITIAL STAGES OF CONTRACT NEGOTIATION Material facts: Parties to a contract should disclose all material facts that are relevant to the transaction. This includes things like the terms of the contract, the price, and any relevant conditions. Known issues: If there are any issues that the parties […]
Red flags in Contracts
BEWARE OF THESE RED FLAGS!!!! Many clients have been asking us how to tell that a contract/agreement is not favorable, considering all clauses have been stated in the agreement. Some have signed and gone into contracts without noticing the RED FLAGS that can later cost them or make them lose millions of shillings. Below are […]
4 Reasons Why Disclosure is Important in an Agreement or Contract Signing
4 REASONS WHY DISCLOSURE IS IMPORTANT IN AN AGREEMENT OR CONTRACT SIGNING Disclosure is an essential component of any agreement or contract signing. It is the act of revealing all significant and relevant information to the other party involved in the agreement or contract. This information could include finances, obligations, liabilities, and other pertinent details […]
Why representations and warranties are a must have clause in your agreement
WHY REPRESENTATIONS AND WARRANTIES ARE A MUST HAVE CLAUSE IN YOUR AGREEMENT Representation and warranty clauses are an essential part of any agreement as they help to provide a level of assurance and protection to all parties involved in the agreement. These clauses are typically included in contracts or other legal documents, and they serve […]
Understanding the roles and responsibilities of a guarantor
UNDERSTANDING THE ROLES AND RESPONSIBILITIES OF A GUARANTOR A guaranteed loan is a loan that a third party guarantees or assumes the debt obligation for, in the event that the borrower defaults. The third party is a guarantor often making reference to either a legal person or an individual who promises to pay a borrower’s debt in the event […]
Key elements of a guarantor loan agreement
KEY ELEMENTS OF A GUARANTOR LOAN AGREEMENT A Guarantor Loan Agreement (also known as a Deed of Guarantee) refers to an agreement between a Financial Institution (the Lender) and the Guarantor detailing the rights, responsibilities, procedures, terms, and conditions under which a loan provided by a Financial Institution and advanced to a Borrower may be guaranteed. 6 […]
Protecting Your Interests in a Guarantor Loan Agreement
Protecting Your Interests in a Guarantor Loan Agreement When someone takes out a loan, lenders may require a guarantor to sign on as well. A guarantor is someone who agrees to be responsible for repaying the loan if the borrower is unable to do so. While it may seem like a simple task, agreeing to […]
The 5 Types of Construction Contracts You Need to Know
The 5 Types of Construction Contracts You Need to Know A construction contract can be defined as a legal document that is can be entered into between all parties involved in the construction and details the scope and terms of the project or development. There are 5 types of construction contracts. These are: Lump sum […]
