“it is easier to prove things that are written and documented, than trying to prove oral conversations…”
My Take Away’s From Today’s Episode:
Online contracts may not cover the peculiar circumstances of your particular transaction. It is better to consult and engage a legal practitioners
Arbitration is an informal way (It is outside the regular court setting) of dealing with disputes and its binding on the parties to such a dispute.
Mediation is only binding when the parties agree to its terms.
Electronically generated evidences are admissible in Nigerian courts
Areas to be covered for any transaction depends on the area of specialization or the nature of the business transaction.
For you to lay claims on intellectual property, you need to have rights over those property.
A sole proprietor is not require to remit Company Income Tax
A Limited Liability Company is a separate legal entity from his/her business.
“Arbitration is a dispute resolution mechanism where a 3rd party ‘The Arbitrator’ hears the ”
Demystifying the Myths
The myth; a lot of startups think that engaging a Legal Practitioner is a luxury or something they can do without and they do a lot of things without seeking legal counsel and this usually cost them in the long run. There are a lot of Legal Practitioners that are out there willing to work with Startups at whatever stage of business they are in, it pays in the long run to start well and do the right things.
I am looking forward to hearing from you, send in your comments via email: firstname.lastname@example.org, remember to subscribe on iTunes: https://itunes.apple.com/us/podcast/thecreativeschronicles/id1304002365 and any other podcasting app you use, just search for thecreativeschronicles on your podcasting app and subscribe, thank You!
This has been an amazing and enlightening episode, I trust that you have picked a ton of value from today’s episode, do have an Amazing Weekend, I will see you next Week.
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