DIFFERENT CLASSES OF TRADEMARK
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DIFFERENT CLASSES OF TRADEMARK

INTRODUCTION A trademark is a sign capable of distinguishing the goods or services of one enterprise from another. Trademarks are intellectual property rights. Brand names, product names, slogans and logos, e.t.c. all qualify as trademarks in Nigeria. The Trade Marks Act, Cap T 131, Laws of the Federation of Nigeria, 2004 is the principal legislation...

WHAT ARTISTS SHOULD LEARN FROM OGA SABINUS’ INTELLECTUAL PROPERTY INFRINGEMENT CLAIM
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WHAT ARTISTS SHOULD LEARN FROM OGA SABINUS’ INTELLECTUAL PROPERTY INFRINGEMENT CLAIM

INTRODUCTION Early this week, famous Nigerian comedian and skit maker Chukwuemeka Emmanuel, popularly referred to as Oga Sabinus made headlines over the internet with respect to his demand notice to Friesland Foods Wamco Nigeria Plc for payment of one billion naira as compensation and damages for unauthorized use of his trademarked slogan “something hooge” while...

BENEFITS OF HAVING AN EMPLOYMENT CONTRACT AS AN EMPLOYER
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BENEFITS OF HAVING AN EMPLOYMENT CONTRACT AS AN EMPLOYER

Undoubtedly, one out of the top five challenges businesses face globally is hiring the right workforce and retaining them. One of the easiest ways to create a stable workforce in your business is by setting out in clear terms your expectations from your recruits before they come on board. This can be done through an...

DELAWARE FLIP- KEY CONSIDERATIONS FOR STARTUPS IN NIGERIA
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DELAWARE FLIP- KEY CONSIDERATIONS FOR STARTUPS IN NIGERIA

INTRODUCTION For most Nigerian startups with little or no financing locally, having a holding company whose parent company is set up in business and investor friendly countries such as US, Mauritius, Singapore, etc. is considered to be a strategic move. This is largely due to the fact most investors are more comfortable investing in holding...

IS CRYPTO CURRENCY ILLEGAL IN NIGERIA? (2022)
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IS CRYPTO CURRENCY ILLEGAL IN NIGERIA? (2022)

Recently, the Central Bank of Nigeria (CBN) fined 3 commercial banks (Stanbic IBTC, Access Bank and the United Bank for Africa (UBA), for flouting its crypto currency trading restriction issued a year ago. According to the Apex Bank, some of the violations carried out by the above mentioned banks include; Operating accounts used for crypto trading Failure...

WHAT YOU NEED TO KNOW ABOUT DATA PROTECTION COMPLIANCE IN NIGERIA
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WHAT YOU NEED TO KNOW ABOUT DATA PROTECTION COMPLIANCE IN NIGERIA

INTRODUCTION Data is an important asset in any organization and as such data protection compliance should be a top priority for all businesses.  More so, the increased rate of cybercrimes within the African continent, including Nigeria, and the growing demand for cyber security, has demonstrated the importance of data protection compliance particularly amongst businesses and...

HOW TO REGISTER A PATENT IN NIGERIA
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HOW TO REGISTER A PATENT IN NIGERIA

INTRODUCTION A patent is an exclusive legal right secured over an invention. It is a right that protects a product or a process which provides a new way of doing something, or offers a new technical solution to a problem such as discovery on a new process of producing a chemical compound, a new drug...

GUIDE TO REGISTERING AN NGO IN NIGERIA
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GUIDE TO REGISTERING AN NGO IN NIGERIA

INTRODUCTION An Non Governmental Organisation (NGO) is non-profit making body, association of people, or organization that functions independent of the government. In Nigeria, NGOs can be registered as an incorporated trustee under part F of the Companies and Allied Matters Act (CAMA) 2020. NGOs could be used to immortalize a loved one. It could also...

HOW TO REMOVE THE DIRECTOR OF A COMPANY IN NIGERIA
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HOW TO REMOVE THE DIRECTOR OF A COMPANY IN NIGERIA

In Nigeria, the directors of a company are regulated by The Companies and Allied Matters Act (CAMA). Section 244(1) of CAMA 2020 defines a director as a person duly appointed by the company to direct and manage the business of the company. There are Life Directors, Shadow Directors, Executive and Non- Executive Directors, Managing Directors,...

SEC GUIDELINES FOR SETTING UP A CROWDFUNDING PLATFORM IN NIGERIA
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SEC GUIDELINES FOR SETTING UP A CROWDFUNDING PLATFORM IN NIGERIA

Crowdfunding is a form of financing that allows people or businesses to raise small amount of money in the form of donations, loans or investments from large numbers of people, while crowdfunding platforms are websites that enable the interaction between fundraisers and the crowd (public).  Financial pledges are usually made and collected via the crowdfunding...