Many companies owe their commercial success to their unique trade secrets; whether it’s the Coca-Cola secret recipe or the KFC’s eleven secret herbs and spices, or even a proprietary method for making a certain part or product in a certain kind of way. Protecting a trade secret and keeping it out of the wrong hands(within the company) or competition can be vital to the continued success of the business.Continue reading “PROTECTING YOUR TRADE SECRET: HOW AND WHY”
A TERM SHEET is an agreement setting forth the basic terms and conditions under which an investment will be made. It serves as a template to develop more detailed legally binding documents. Once the parties involved reach an agreement on the details laid out in the term sheet, a binding agreement or contract that conforms to the term sheet details is then drawn up.Continue reading “DOING BUSINESS IN NIGERIA? You should understand term sheets and how they work.”
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