HOW TO PROTECT YOUR BUSINESS IDEAS BEFORE PITCHING TO POTENTIAL INVESTORS

Ugochukwu ,my friend from University days ,had always been tech savvy.He was always somebody I was sure will make loads of money from technological advancement.However,last week ,I met him and while we were discussing he kept on lamenting on how his ideas were being stolen by potential investors and they were making huge revenue from his investments.

I asked him how he was presenting his ideas to potential investors and his answers did not show that he did anything intentional to protect his concepts from being stolen.

Techpreneurs and creative people must know firstly,that the Law hardly protect ideas but protects expression of original ideas in a fixed medium,innovation,inventions ,Marks used in the course of business etc.

See below some few Tips on How to Protect Your PACKAGED Business ideas  Before Pitching to Potential Investors;

1.Do not present the HOW(process) from the beginning.Present an ELEVATOR Pitch (30sec max).

2 Do a proper investigation of the company or investor you are pitching to(due diligence)

3.Send documents to prospects via emails -create and document trails of ALL emails,correspondences exchanged during discussions and negotiations.

4.Keep the concepts secret before exposure to investors

5.Legally protect the packaging of your ideas via Copyright .Patents,Trademarks ,Industrial Designs etc BEFORE exposure to Third Parties.

6.Sign Non-Disclosure,Non- Compete,Non-Circumvention,Confidentiality and contract agreements with prospects(where possible) before exposure to Third Parties.

7.Always present your ideas from your Laptop .Do not use the Investors Laptop as the idea can be retained there via technology.

Be intentional !!!!!

Featured Image credit to Medium

 

DOES YOUR COMPANY HAVE A WORK-FROM-HOME POLICY ?

During a webinar last week, a CEO stated that ,even though the lockdown on movement and resumption of work(due to Covid 19) has been lifted in Lagos,he has mandated his staff to continue to Work From Home till further notice.

Work From Home is one of the disruptions presently confronting Employer and Employee relationship in the marketplace.

How many Employers have a   foolproof Work From Home Policy to deal with this sudden emergency?

Among others, the above mentioned policy should clearly deal with below issues,to avoid legal tussles between Employers and Employees,namely ;

   

* Eligibility & Non discriminatory Application of Work-From-Home Policies

*Monitoring of Performance ,Productivity and Communications

*Timekeeping

* Compensation and Benefits

*Overtime hours-Computation and Payment

*Meal and Rest Breaks

*Work-From-Home Equipment Requirement, Infrastructure and Expense Reimbursement.

*Reporting Time Requirements

*Sick Pay

*Occupational Safety and Health

*Disability Accommodation

*Working “From Home” vs. “Remotely”

*Employee Personnel Records

*Insurance Coverage Issues

*Company Security-Documents ,information and Data Privacy

*Corporate Governance issues

*Termination

* Etc

In view of recent happening ,this Work From Home trend is likely to continue for a long time ,the sooner an Employer puts this policy in place the better.

 

Image Source is The News Mill

 

Nosakhare Uwadiae,Esq

Managing Partner

GEE LAW FIRM

Tel-234-80 53266716

Email;info@geelawfirm.com.ng , nosakhareu@yahoo.com

 

 

 

 

 

 

 

 

 

7 Days countdown to Fresh Conversations , ideas and thoughts about the Advertising and Media Industry in Nigeria .IPRAM Workshop, November 27,2019

WORKSHOP TOPIC; INTELLECTUAL PROPERTY RIGHTS IN ADVERTISING; THE GAME CHANGER

Date – Friday 29th November,2019

Venue –Radisson Hotel (Former Protea ),Isaac John Street ,GRA ,Ikeja ,Lagos

Timing ; 9.00AM TO 1 P.M.

The workshop will focus on two main Areas ;

1.Overview of Intellectual Property Rights in Advertising ,including opportunities and potentials for increased value creation, revenue generation and impact.

2.Enforcement of Intellectual Property Rights in Advertising in Nigeria and Remedies (immediate,short and long term).

A.Key Note Speaker-MR LANRE ADISA(LA)- ,CEO NOAHS ARK LTD(Global Award Winning Agency,amongst the Top 10 Agencies in Nigeria ). Lanre Adisa occupies the 11th position on Lurzer’s Archive Global Creative Leadership Ranking

Panelists include ;

  1. Dr Ayoyemi Lawal – Arowolo -LL.B, BL, LL.M (Indianapolis), Ph.D (Kent) ,Intellectual Property Rights Protection Expert (Nigeria and Sub Saharan Africa) ,An Associate Professor Department of Private and Commercial Law, Babcock University School of Law and Security Studies.

2.Yomi Badejo-Okusanya-President African Public Relations Association(APRA) and GROUP MANAGING DIRECTOR – CMC CONNECT

  1. Nosakhare Uwadiae Esq (Convener)–Intellectual Property (IP )and Advertising Lawyer,Registered Advertising Practitioner ,with over 25 years hands on experience in the Advertising Industry in Nigeria.

4 Damola Adediji Esq. – Intellectual Property and Dispute Resolution Practice Associate at Olaniwun Ajayi LP (Legal Practitioners). Munich Intellectual Property Law Centre(MIPLC) ,Germany.

  1. Fiona Uwagwu – Managing Director , Ogilvy Nigeria(Global Affiliate- Marketing and Advertising Network).
  2. Obafemi Agaba,Esq-Partner & Sector Head IP litigation and Brand Protection ,Jackson ,Etti &Edu.

 

7.Olubukunola Olateru, FCIS- Company Secretary/Legal Adviser at FrieslandCampina WAMCO Nigeria PLC

 

8.Mr Joko Okupe-M.D Soulsight Nigeria Ltd

 

9.Special Guest Talk-Prof Adebambo Adewopo (SAN)= currently holds the first distinguished Intellectual Property (IP) Chair at the Nigerian Institute of Advanced Legal Studies (NIALS).He was Former  Director General of the Nigerian Copyright Commission.
 
Attendance is strictly by Invitation
 
For Registration and Sponsorship contact -234-80-53266716 or email info@geelawfirm.com.ng
 
Thanks and regards