Ollis Law

Ollis Law Contact information, map and directions, contact form, opening hours, services, ratings, photos, videos and announcements from Ollis Law, Intellectual Property Lawyer, Lagos.

This week, we barely had time to breathe. We're so excited the weekend is finally here and we hope you are too! As alway...
08/09/2017

This week, we barely had time to breathe. We're so excited the weekend is finally here and we hope you are too!

As always, the joke is on us today. Have a great weekend!

Be open to expansion. Would you rather be the sole proprietor of a small business or own maybe 30% of a huge company tha...
24/08/2017

Be open to expansion. Would you rather be the sole proprietor of a small business or own maybe 30% of a huge company that's worth millions/billions? Sometimes you're so stuck trying to do it all your way. Yes, it was your idea, yes you built this business from the ground up and would like to keep it in the family.

BUT, what if your children or grandchildren have no interest in running that business? As a small business, they would need to take over from you and run the business effectively, otherwise the business collapses. As a big business however, even if they have no interest in the business, you can pass on your shares to them as a gift or bequest. They remain majority shareholders and reap financial benefits without having to be involved in the day to day running of business.

Big fish in a pond or small fish in a river?

About a week ago, Global Internet Entertainment Platform giant, Netflix announced its acquisition of comic books company...
15/08/2017

About a week ago, Global Internet Entertainment Platform giant, Netflix announced its acquisition of comic books company, Millarworld founded by comics legend, Mark Millar. This is Netflix's first (but most likely not last) acquisition.

The interesting point to note here is that the focus of this acquisition transaction is essentially Intellectual Property (IP). The internet has opened doors for many business models like Netflix which in turn opens doors for creatives. The possibilities and opportunities are endless.

IP plays a significant role in the creative industry and it is foolhardy for any creatives to ignore IP protection. Is your IP being protected? 😊

So your business has a fancy website built by a prominent design and marketing firm. You were given a contract to sign a...
04/08/2017

So your business has a fancy website built by a prominent design and marketing firm. You were given a contract to sign at the beginning but you didn't bother reading before signing. Or maybe you read it but didn't really understand the terms. You're paying a monthly/annual fee and everything is great.

But wait... who owns the domain name? Who has copyright to the website content? Are you the owner or did the web development/marketing firm grant you a limited/revocable license? Did you assume it was yours?

Now your business has suffered some temporary setbacks and you need to cut down costs. Your monthly payments are really eating deep into your account. Your sister knows another good firm that's way cheaper. You'd like to switch. That contract you failed to read rears its ugly head.

You stop making payments in protest so they take down your site and hold your domain hostage. What do you do?

1. You can ask nicely.
2. You can hire a lawyer.

Success on the first option is difficult while the second is expensive and not guaranteed.

What could you have done differently? You should have hired a lawyer who handles such cases to review the contract before signing. She would have advised against signing it. Reviewing a contract is way cheaper than handling a dispute.

So, now you've spent all that money on a site you don't own, you may have to pay a lawyer to help you get the domain back and then pay another web design firm for a new website OR stick with the old firm. Either way, you're... 😊

Today is tuesday, and as usual, we'll be discussing technology. So, techies get in here!This article from Borgen Magazin...
01/08/2017

Today is tuesday, and as usual, we'll be discussing technology. So, techies get in here!
This article from Borgen Magazine addresses some of the problems with the tech industry in Nigeria and other African countries. The growing tech industry has the potential to contribute significantly to the Nigerian economy. What tech startups need to do is position themselves for growth and globalisation. How do you do this? See our last post that talks about the little things a tech startup can do to attract investors.
At the end of the day, your technology is useless if it does not have a wide reach. From the onset, make sure you're looking at the big picture.
You can find the the article here. http://www.borgenmagazine.com/tech-industry-in-nigeria/

Even if you're starting small with very little capital, structure and run your business as if it was a large company. Ke...
27/07/2017

Even if you're starting small with very little capital, structure and run your business as if it was a large company. Keep good financial records that show your inflow, expenses and profits; put all agreements in writing; register and protect your intellectual property. Investors find these things attractive.

Most oral agreements are enforceable, however the terms can easily be forgotten or denied. It requires proof and it's yo...
26/07/2017

Most oral agreements are enforceable, however the terms can easily be forgotten or denied. It requires proof and it's your word against theirs. Save yourself the headache and possible loss. Put it in writing.

Almost every business has to comply with some sort of legal formality. Some, more than others. Certain businesses may re...
20/07/2017

Almost every business has to comply with some sort of legal formality. Some, more than others. Certain businesses may require permissions or licenses in order to operate.

Always ensure you are up to date on your filing and in full compliance with the law. Failing to do so may harm your reputation or result in loss of revenue if your business is sealed or even shut down.

Do some research and/or seek legal counseling if you're not sure what you should be doing.

An Entrepreneur seeks to provide solutions and then makes profit along the way while a business man only seeks to make p...
20/07/2017

An Entrepreneur seeks to provide solutions and then makes profit along the way while a business man only seeks to make profit. Whichever path you've chosen, to thine own self be true.

We hope you've had a productive week and can rest this weekend! Be good and stay safe!
14/07/2017

We hope you've had a productive week and can rest this weekend! Be good and stay safe!

We think this tip goes without saying. If you don't take steps to protect your , someone else could sn**ch it up. Basic...
13/07/2017

We think this tip goes without saying. If you don't take steps to protect your , someone else could sn**ch it up. Basically, you snooze, you lose.
🎶If you liked it, then you should have registered it.🎶 😉

A good should be distinctive and memorable. It should serve as a good source identifier and become a great asset for y...
13/07/2017

A good should be distinctive and memorable. It should serve as a good source identifier and become a great asset for your and . It should be just as effective in black and white as it is in colour. Look at this logo, a simple letter M, no words, no colour and yet it's instantly identifiable. The original logo was created by Jim Schindler in 1962 and though it's been modified over the years, the original concept has stood the test of time. Spend money on a good logo design and then spend some more registering it as a .

Address

Lagos

Opening Hours

Monday 09:00 - 17:00
Tuesday 09:00 - 17:00
Wednesday 09:00 - 17:00
Thursday 09:00 - 17:00
Friday 09:00 - 17:00

Telephone

+2348118833214

Website

Alerts

Be the first to know and let us send you an email when Ollis Law posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Practice

Send a message to Ollis Law:

Shortcuts

Share

Category