What additional documents do I require to file my Annual Returns?
Do I need a Company Secretary?
A limited liability company (LLC) must have a company secretary.
What is a testimonium clause in an agreement?
This is the part of the agreement where the witness attests to have witnessed the execution of the agreement.
What are the product categories available when registering with NAFDAC?
The product categories include: Food, Cosmetics, Drug, Medical Device, Agro-Chemicals & Pesticide, Veterinary Products, Vaccines & Biologicals, Herbal and Nutraceuticals and Water
Is it legal to transfer the personal data you obtained legally to another person?
No, its not legal. This is because the law prohibits anyone from transferring the data of a third party to another person without consent from the third party to do same even if the data was rightfully obtained in the first instance.
Can industrial design be protected under copy right law?
Yes, it can be protected under copyright law as a work of Art.
Is there a penalty for late renewal of registration of products with NAFDAC?
Yes, there is a late renewal fee, which is dependent on the category of the product.
What’s the difference between a business name and an LLC?
A business name is a sole proprietorship, usually owned and managed by one individual only. Legally, the sole proprietor and his business are one. It simply means an individual trading with an alias. The sole proprietor is personally liable for all business related obligations.
A limited liability company on the other hand is a separate business entity from the individuals that hold its shares and act as directors. Legally, it’s a separate business entity and a person on its own who can transact business, own property separate from its owners and can sue or be sued.
What do I need for a trademark search in Nigeria?
To do a trademark search you will need the name or/and logo (device) of the trademark to be searched and the Class of the trademark that accurately describes it.
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