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Category: Business Law
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A Guide to Registering a Patent in Nigeria
In the ever-evolving world of innovation and intellectual property, patents play a crucial role in protecting the rights of inventors and encouraging technological advancements. In Nigeria, as in many other countries, registering a patent is an essential step for inventors seeking to safeguard their creations. This article aims to provide a comprehensive guide on the…
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VENTURE CAPITAL IN NIGERIA AND VARIOUS SOURCES
Venture capital (VC) refers to financial investment made into early-stage, high-risk companies with the potential for significant growth. In Nigeria, venture capital has become an increasingly important source of funding for startups and small businesses looking to scale their operations and bring new products or services to market. There are several sources of venture capital…
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Crowd Funding in Nigeria
Crowdfunding is a method of raising funds for a project or venture by soliciting small contributions from a large number of people, typically through the internet. Crowdfunding allows individuals and organizations to raise money for a variety of purposes, such as launching a new product, starting a business, or funding a creative project. Crowdfunding in…
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Arresting a Ship in Nigeria: Understanding the Legal Process and Implications
Introduction: The arrest of ships is a legal action that can be undertaken in various maritime jurisdictions, including Nigeria. Ship arrest serves as a crucial mechanism for resolving maritime disputes, securing claims, and ensuring compliance with the law. This article aims to provide an overview of the process of arresting a ship in Nigeria, shedding…
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Intellectual Property Protection in Nigeria: Safeguarding Innovation and Creativity
Intellectual Property Protection in Nigeria: Safeguarding Innovation and Creativity Introduction: Intellectual property (IP) plays a pivotal role in fostering innovation, creativity, and economic growth. In Nigeria, a rapidly developing nation with a vibrant creative and technological landscape, the effective protection of intellectual property rights is of paramount importance. This article provides an in-depth exploration of…
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Registering an NGO in Nigeria
To register an NGO (non-governmental organization) in Nigeria, you will need to follow a specific process, which may vary depending on the specific goals and activities of your organization. Here is a general overview of the steps you will need to take: Choose a name for your NGO: You will need to choose a…
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UNDERSTANDING PRIVATE TRUST AND ITS BENEFITS IN NIGERIA
By: Kemfon Josephneke esq. A trust in simple parlance and as used in ordinary communication connotes confidence in another. Its conceptual starting-point of having confidence reposed in some other gave rise to moral obligations to which the courts through judicial precedent, aided by the legislature, have continued to develop it. The moral weight given to…
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UNDERSTANDING NIGERIA’S MARITIME INDUSTRY RESPONSE TO COVID-19
By: Kemfon Josephneke esq. Upon the outbreak of Covid19 in Nigeria, the Federal Government decided to declare a total cessation of movements of all persons and goods in Lagos, Ogun and the federal capital territory, Abuja. This decision was reinforced by some state governors that also proceeded to ban movement of persons and goods within…
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FORCE MAJEURE AND THE PERFORMANCE OF CONTRACTUAL OBLIGATIONS IN A GLOBAL PANDEMIC
– NSEOBONG OKON, ESQ INTRODUCTION When parties enter into a contractual relationship, the intention is usually that such shall give rise to binding legal rights and obligations enforceable at the instance of the either of the parties. However, as parties cannot always anticipate the future, events may occur that significantly reduces the capacity of a…
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FILING OF TRADEMARKS IN NIGERIA
Trademark protection is essential for businesses operating in Nigeria to safeguard their unique brand identity and distinguish their products or services from competitors. Filing a trademark in Nigeria offers legal protection against unauthorized use and imitation, helping businesses build brand reputation and consumer trust. This article aims to provide a comprehensive guide on the process…
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