In this post, I’ll be highlighting a few documents you a startup should have, and why they need those documents. These documents are what we lawyers would say are sine qua non to your existence as a startup, which is simply lawyer speak for essential, an absolute requirement, important, vital, crucial, etc
From my experience as a startup lawyer, one of the greatest deficiencies I have found among Nigerian founders is the absence of a vesting arrangement.
It is no exaggeration when a founders relationship is likened to a marriage and as it is with marriages, it is important you get it right.
No single entity can be termed the perfect entity. Instead, what we have is an entity that is most suitable for a particular situation.
Karma CAMA is the law which strikes erring business entities or enables law abiding ones in Nigeria.
I promise to try to speak only English as we set out on this journey and keep the legal jargon to the barest minimum. After all, the startup grind is difficult as it is without having to make it worse with legalese prose.