It is a mandatory statutory requirement under the Companies and Allied Matters Act to file Annual Returns yearly.
Do I need a Company Secretary?
A limited liability company (LLC) must not have a company secretary.
What are the terms of a contract?
an offer and an acceptance.
Legal subject matter
Mutual agreement/ Assent
Conesus ad idem
Do I have to physically drop off my product sample at NAFDAC office?
No, you can choose to have it sent to NAFDAC office
Can I use the data collected legally for one purpose for another purpose?
No, you can’t use the data collected for one purpose for a different purpose.
How long does the registration of an industrial design last?
It is effective for an initial period of 5 years from the date of the application for registration and renewable for two consecutive periods of 5 years
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.
Will my trademark registration in Nigeria protect me worldwide?
No, all intellectual property (IP) rights which includes trademarks are territorial, which means you are protected in the countries in which you register them.
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