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An indemnity is a promise by one party to compensate another for the loss suffered as a consequence of a specific event called the ‘trigger event’—the’ trigger event can be anything defined by the parties, including a breach of contract, a party’s fault or negligence, or a specific action. An indemnity clause is therefore a

At the beginning of the journey of building your business, purchasing the equipment to compete within your market may not be an option, primarily because of funding. And that is where an equipment lease comes to the table. Equipment leasing is an arrangement where a person known as the lessor gives temporary possession of equipment

A trademark, according to Wikipedia, is a type of intellectual property consisting of a recognizable sign, design, or expression that identifies products or services of a particular source from those of others, although trademarks used to identify services are usually called service marks. The trademark owner can be an individual, business organization, or any legal

Intellectual property (IP) is a category of property that includes intangible creations of the human intellect. It refers to creations of the mind, such as inventions; literary and artistic works; designs; and symbols, names, and images used in commerce. Simply put, it is property created by the human intellect. When a business or an individual

A patent is an exclusive right granted to confer legal protection on an invention for a given period, which exclusive right expressly excludes others from making, using, or selling said invention in the country from which it is obtained without permission or consent during the existence of the patent. Patents in Nigeria are regulated by

A trade union is an organized association of workers or employers from related fields—trades, professions, or industries—who come together for the purpose of protecting their members against exploitation by their employers or supervisory or regulatory bodies and ensuring the maintenance and improvement of their collective interests. Such collective interests include, but are not limited to, their