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/ […]
Top 5 Contract Negotiation Strategies for lawyers
TOP 5 Contract Negotiation Strategies for lawyers Contracts are a normal business transaction that include terms on what each party is legally responsible for in the business relationship. Contract negotiation therefore involves two or more parties discussing the terms of said contract to come to an agreement before signing and formalizing the agreement. During the contract […]
What is Contract Negotiation?
What Is Contract Negotiation? Contracts are a normal business transaction that include terms on what each party is legally responsible for in the business relationship. Contract negotiation therefore involves two or more parties discussing the terms of said contract to come to an agreement before signing and formalizing the agreement. During the contract negotiation process, all […]
Boilerplate Clauses to Always include in an Agreement
BOILERPLATE CLAUSES TO ALWAYS INCLUDE IN AN AGREEMENT What Are Boilerplate Clauses? ‘Boilerplate’ is the term used to describe the clauses that are included in an agreement to deal with the mechanics of how it works and those legal points that are relevant to most transactions. Boilerplate clauses are mostly situated at the beginning and […]
Workers’ safety under the Occupational Safety and Health Act
11 THINGS EMPLOYERS SHOULD DO TO PROMOTE THE WORKER’S SAFETY Safety is the state of being safe; the freedom from the occurrence or risk of injury, danger, or loss; the quality of averting or not causing injury, danger, or loss. A safe and healthy workplace not only protects workers from injury and illness, but also […]
Workers Safety Laws
INTRODUCTION Safety is the state of being safe; the freedom from the occurrence or risk of injury, danger, or loss; the quality of averting or not causing injury, danger, or loss. A safe and healthy workplace not only protects workers from injury and illness, but also has quite a lot of benefits like, it reduces […]
Model Photography Contract & Release Forms Modeling Contracts
MODEL PHOTOGRAPHY CONTRACT & RELEASE FORMS MODELING CONTRACTS A modeling contract is a document by which a model establishes a working relationship with an agency. It contains the rules, regulations, and guidelines regarding the duties and obligations that both parties have towards each other. It is important to know modeling contracts aren’t one-size-fits-all. Every agency has […]
