Startups that want to operate with ease need to avoid fines and sanctions from regulators. Several startups in different jurisdictions have suffered reputational damage and have also missed out on
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If you become a victim of fraud in Nigeria, it is important to take the following steps as soon as possible: Report the Fraud: Report the fraud to the police
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In Nigeria, the primary government regulators in the fintech industry are: Central Bank of Nigeria (CBN): The central bank is responsible for regulating the country’s financial system, including fintech companies
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As a Social media vendor in Nigeria, it is not legally required to have a lawyer, but having legal representation can be beneficial for several reasons: Contract Review: A lawyer
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To obtain a license from the National Agency for Food and Drug Administration and Control (NAFDAC) in Nigeria, the following steps can be taken: Determine product registration requirements: NAFDAC regulates
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The restructuring options available for a business in Nigeria include: Merger: The combination of two or more companies into a single entity. Acquisition: The purchase of one company by another,
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When reviewing a shareholders agreement, it is important to look out for the following key provisions: Ownership: The agreement should clearly define the ownership structure, including the number of
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The difference between directors of a company and shareholders is as follows: Role: Directors are responsible for managing the day-to-day operations of a company and making decisions on behalf
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Entertainment law in Nigeria has evolved over the years with the growth of the entertainment industry in the country. Some key developments include: Recognition of copyright: The Copyright Act was
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Legal compliance: Startup lawyers ensure the startup is following all relevant laws and regulations. Contract review and drafting: Startup lawyers protect the startup’s interests in business deals and agreements. Intellectual
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