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Company Meetings: Forms and Essentials of a Valid Meeting

July 28, 2020 - Category: General Business Documents

A company is a separate legal entity that is formed by two or more persons to operate a commercial enterprise. A company is made up of directors and members who see to the management and organization of the company. [...]

What's the Difference Between an Employee and an Independent Contractor?

June 19, 2020 - Category: Employment Contracts

The workforce is a very important part of Nigerian economic development as many industries largely depend on them for their growth. A country's workforce is divided into two main categories- Employees and Independent Contractors or Service providers. [...]

Essential Elements of a Valid Lease

June 18, 2020 - Category: Housing and Real Estate

Housing is one of the most important elements of human survival. As the world population increases, the demand for accommodation rises. [...]

What should I do if I Can't Afford Employees Salaries during the Covid-19/Coronavirus Crisis?

June 3, 2020 - Category: Human Resources and Employment Law

One of the greatest challenges a business faces is the ability to pay salaries and provide employment benefits in good difficult times. The employer has the obligation to pay remuneration even when business is bad or there is no business at all. [...]

What to do if you Can't Pay Rent because of the COVID-19/Coronavirus Outbreak?

May 21, 2020 - Category: Housing and Real Estate

The Coronavirus/COVIDS-19 outbreak, has in the past few months, infected millions of persons and claimed the lives of more than 200,000 persons around the world. This outbreak has had far-reaching consequences beyond the spread of the virus. [...]

How to Form a Company

February 28, 2020 - Category: Business Structure

Establishing a business is one of the most fulfilling things in the life of every entrepreneur, as this involves putting their thoughts, invention and ideas into reality. Every individual intending to start a business has the option of registering their business as a company or business name. [...]

Protection of Employee Data

February 18, 2020 - Category: Human Resources and Employment Law

From the recruitment of new employees to termination, employers collect and maintain a wide range of employee data. Data are personal or sensitive information collected by employers, such as an employee's date of birth, medical records and other personal information. [...]

Who Can Act as Company Secretary?

January 2, 2020 - Category: General Business Documents

The law stipulates that upon formation, every company must have a company secretary to oversee the efficient administration of the company. Under the common law, the duties of the company secretary was merely administrative, with no real authority to bind the company. [...]

Covenants of Landlords and Tenants under the Law

November 13, 2019 - Category: Housing and Real Estate

Finding an accommodation that fits ones specifications can be very demanding and difficult. However, when one obtains their desired rental property, it is important to read and understand the clauses in the lease agreement and ask necessary questions before appending signature on the agreement. [...]

How to Recover Money from a Debtor

October 30, 2019 - Category: General Business Documents

Many businesses and individuals have at one particular time, sold goods and services with an agreement that payment will be made at a later date or granted loans to debtors who even after several attempts have been made to recover the debts, refuse to pay their debts. Having debtors that refuse to pay is a problem that can have resultant effects on a creditor's business and in a bid to recover these debts, some creditors resort to self help. [...]

How to Keep a Trade Secret Confidential

October 25, 2019 - Category: Commercial Activity

Starting a business is a very big achievement for every entrepreneur especially when enormous work has been put in place to ensure the business functions properly. There is a lot involved in starting a new business and this includes, putting a proper legal structure, choosing the right staff, audits and accounting, advertisement and marketing, etc. [...]

How to Acquire Real Estate in Nigeria

October 11, 2019 - Category: Housing and Real Estate

Scarcity of land has made real estate a very priced commodity with enormous economic value. This is true because the cost of a land or building increases over the years and this makes real estate transactions one of the most complex transactions in the world today. [...]

The Procedure for Transfer of Company Shares

September 20, 2019 - Category: General Business Documents

Shares are units of ownership interests in a company that make up a company's share capital. They are tangible properties a person or organization possesses and are capable of being transferred to another by way of sale or gift. [...]

How to Terminate an Employment Contract

September 4, 2019 - Category: Human Resources and Employment Law

Every good thing, they say, must come to an end. An employer may terminate an employment contract for several reasons, such as: redundancy, merger or acquisition, misconduct of an employee, etc. [...]

How to Evict a Tenant Lawfully

August 27, 2019 - Category: Housing and Real Estate

Ejecting a tenant can be a very daunting task and many landlords and agents usually resort to self help. Self help is the ultimate use of ones efforts to evict a tenant from their premises and this includes: changing the key locks of the tenant's building, mobilizing uniformed personnel to forcefully remove the tenant and their belongings from the premises, seizing the tenant's property and/or employing other forceful ejection mechanisms. [...]

Estate Planning: Meaning, Forms and Benefits

June 25, 2019 - Category: Marriage, Divorce and Family

A vast majority of people believe they do not require estate planning and that it is only for the wealthy. Estate planning is for everyone, not just the wealthy and it is a plan a person makes for the management and administration of their property during their lifetime and after their death. [...]

How to Choose the Best Legal Structure for your Business

May 13, 2019 - Category: Business Structure

People make decisions to establish organizations for various purposes, such as, provision of goods and/or services, for philanthropic reasons, etc. most of which is ultimately for profit making. [...]