Uncategorized

Meeting minutes are written records of matters discussed during a meeting. These minutes should cover all key issues discussed, motions proposed or voted on, and activities to be undertaken by the said organisation. Meeting minutes must provide an accurate account and record of what was said and what transpired at the said meeting. The level […]

A term sheet is a document that includes salient terms and conditions of a business deal. A term sheet is a frame or template on which a subsequent binding contract or agreement is premised on. Term sheets are extremely helpful and beneficial for parties especially in complex or highly technical contracts. Term sheets are usually

A legal opinion is a letter provided by a law firm expressing legal conclusions and/or analysis or legal strategy of a specific transaction, or potential dispute. A legal opinion is a roadmap to your legal query which you can rely on to determine your next move. Obtaining a legal opinion before pursuing litigation is a

IS THERE A DIFFERENCE BETWEEN NON-EXECUTIVE INDEPENDENT DIRECTORS AND EXECUTIVE DIRECTORS? A. Non-Executive Independent Director (NEID): • NEID must be independent of the company’s management and not be involved in the day-to-day operations. They do not have any material financial or personal interest in the company that could compromise their objectivity. • Their primary role

Each business transaction is unique, and tailoring legal considerations to the specific circumstances of the acquisition is crucial for a successful and legally compliant purchase. Here are some key considerations when buying a business. 1. Due Diligence: It is critical to conduct a thorough due diligence. This involves investigating the financial, operational, and legal aspects

HERE ARE 5 IMPORTANT LEGAL CONSIDERATIONS IF YOU ARE LOOKING TO BUY A BUSINESS. Each business transaction is unique, and tailoring legal considerations to the specific circumstances of the acquisition is crucial for a successful and legally compliant purchase. Here are some key considerations when buying a business. 1. Due Diligence: It is critical to

Here are 7 key areas to focus on when entering a joint venture: 1. Purpose & Scope: Your JVA must clearly define the objectives and purpose of the joint venture. Outline the specific business activities and projects the joint venture will undertake. Specify the duration of the joint venture. 2. Contributions & Responsibilities: The JVA

Small and medium-sized businesses (SMEs) often require legal services to navigate various legal issues, ensure compliance with laws and regulations, protect their interests, and mitigate risks. Here are four areas of importance that SMEs should focus on. 1. Business Formation and Structuring: SMEs should ensure that they have in place proper legal structure in place,

Here are the reasons why: 1. Compliance Legal health checks ensure that your business operations comply with relevant laws and regulations. Compliance failures can result in fines, penalties, lawsuits, and damage to your reputation. 2. Risk Management Identifying legal risks allows you to take proactive measures to mitigate them. By assessing potential liabilities, you can

If you’re in the business of sales whether its services or goods, managing accounts receivable and ensuring timely collection of debts is a crucial aspect of maintaining cash flow and financial stability of your business. While the primary focus of sales is to generate revenue by selling products or services, it’s equally important to have