Brief & Beyond

 By the provision of Section 80(2) Companies and Allied Matters Act 2020; An application for exemption under this section shall be in writing addressed to the Minister and shall set out- (a) the name and place of business of the foreign company outside Nigeria; (b)the name and place of business or the proposed name and place of business of the foreign company in Nigeria; (c) the name and address of each director, partner or other principal officer of the foreign company; (d)a certified copy of the charter, statutes, or memorandum and articles of association of the company, or other instrument constituting or defining the constitution of the company and if the instrument is not written in the English language, a certified translation thereof; (e)the names and addresses of one or more persons resident in Nigeria authorised to accept, on behalf of the foreign company, service of processes and any notice required to be served on the company; (f) the business or proposed business in Nig...

 Some Pre Incorporation Contracts are Joint Venture Agreement, Partnership Agreement, Shareholders Agreement etc But today, we will discuss a little about Joint Venture Agreement and Draft one.  Joint Venture Agreement is an agreement between two or more parties, usually companies or businesses, to work on a specific project, while still remaining independent entities.  How to draft a JVA  THIS JOINT VENTURE AGREEMENT MADE, this __ day of __, 202__, BETWEEN  JAX Nig Limited a registered company, incorporated under the Companies and Allied Matters Act 2020, with RC No: ____ AND Leeds Int. a registered company, incorporated under the Companies and Allied Matters Act 2020, with RC No:___ The Parties hereby agree to form a Joint Venture, under the Name; JALEE INDUSTRIES for the purpose of importing and exporting technological products in Nigeria.  The Parties agrees that their initial capital contribution is essential for operation of the Joint Venture. The Mod...