5 Essential Legal Contracts for Nigerian Startups & Freelancers (Word Download)
Starting a new business or freelance agency is a very happy milestone. But starting without the right legal papers is like building a house on top of loose sand. In the business world, relying only on a "gentleman’s handshake" or verbal words is the fastest way to lose your hard-earned money, your great ideas, and your good relationships. As a legal writer, I see many brilliant business owners lose everything simply because they did not have simple written agreements. You do not need to spend hundreds of thousands of Naira on expensive law firms to protect your company. Here are the 5 simple legal papers your business must have before you take on a single client or partner: 1. Partnership Agreement (For Co-Founders) If you are starting a business with a friend, a family member, or an investor, you need an iron-clad Partnership Agreement. This document writes down exactly who owns what percentage of the business, how you will share the profits, and what happens if one person w...