Open Banking in Nigeria (PDF Download)
The Central Bank of Nigeria (CBN), in collaboration with industry stakeholders, developed the Operational Guidelines (“the Guidelines”) in line with…
Negotiating Venture Terms: Two Essential Things to Understand
Ownership & Economics and Control & Voting Rights are the two essential things founders should understand when negotiating venture terms.
The Nigeria Data Protection Act, 2023 (PDF Download)
The Nigeria Data Protection Act 2023 was recently signed into law by President Bola Ahmed Tinubu. Prior to this, personal…
National Blockchain Adoption Strategy
This article provides a comprehensive analysis of the National Blockchain Adoption Strategy (the “Policy”), which was released by the National…
Business Facilitation Act – 2023 (Pdf Download)
The Business Facilitation (Miscellaneous Provision) Act 2023 (BFA) was signed into law by President Muhammadu Buhari on 14 February 2023….
Startup 101: All The Legal Stuff Investors Like To See Before They Invest
The desired end result of the dance performed by a founder and an investor is for the founder to get the investor to believe in her/him, and provide the funding required to develop her/his product to the extent he is able to attract sufficient business for both founder and investor to be financially rewarded.
Startup 101: The Ultimate Startup Documentation Starter Pack
I’ll be highlighting a few documents a startup should have, and why they need those documents. These documents are what we lawyers would say are sine qua non to your existence as a startup, which is simply lawyer speak for ‘essential, an absolute requirement, important, vital, crucial, etc’.
Startup 101: Intellectual Property Is Not A Fundamental Human Right
Aside – Now many people use the © symbol carelessly, if you have not registered the “work” having the © symbol at the NCC, that © is just a decorative appendage and grants you no rights.
Startup Vesting: Because No One Jumps Off A Cliff Without A Chute
What is vesting? Vesting is the manner in which founders (or employees) of a company ‘earn’ beneficial, real, actual, substantive ownership of their shares in a company through periodic installments. So on Day 1 of the Company’s incorporation Tina and Tom would, on paper, own 50% of the Company’s shares at the CAC
Startup 101: Founder Relationships, And Why Getting a Prenup is Important
A well drafted Founder’s Agreement would contain some basic clauses which include capitalization, Decision Making, IP Assignment, Vesting, Confidentiality, Non-Circumvention, Roles & Responsibilities, Distributions, Exit and Dispute Resolution. Other clauses specific to each founders’ relationship should also be included.