Introduction.Record labels employ a variety of contractual arrangements to manage artists, each with distinct rights, obligations, and revenue-sharing models. These agreements may include Standard Recording Contracts—which cover master recordings, production, marketing, and distribution costs; Licensing Deals—where labels secure rights to musical works for a defined period; 360 Deals—which encompass revenue from touring, merchandise, endorsements, and… Continue reading The Dark Side of Non-Disclosure Agreements in the Music Industry: Lessons for Nigeria.
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The Legal Practitioners Remuneration Order 2023: Will It Strengthen or Strain the Legal Industry?
The legal industry in Nigeria is undergoing a significant transformation with the introduction of the Legal Practitioners Remuneration (For Business, Legal Service and Representation) Order 2023 (LPRO 2023). This regulatory framework, established under the Legal Practitioners Act (Cap LII, LFN 2004), seeks to standardise fees for legal practitioners across various areas of legal practice. While… Continue reading The Legal Practitioners Remuneration Order 2023: Will It Strengthen or Strain the Legal Industry?
Key Provisions of the Nigeria Start-Up Act 2022 Every Tech Founder Should Know.
The Nigeria Start-Up Act 2022 (the ‘Act’) is a transformative legislative instrument designed to stimulate innovation, entrepreneurship, and economic growth within Nigeria’s startup community. Enacted as a collaborative effort between the Nigerian government and the tech community, the Act’s foremost objective is to position Nigeria as a key player in Africa’s innovation and technology industry… Continue reading Key Provisions of the Nigeria Start-Up Act 2022 Every Tech Founder Should Know.
Recent Tax Reforms: The Economic Stabilisation Bill and The Nigeria Revenue Service (Establishment) Bill.
Recent Tax Reforms: The Economic Stabilisation Bill and The Nigeria Revenue Service (Establishment) Bill. The Economic Stabilisation Bill On 23 September 2024, the Federal Executive Council approved the Economic Stabilisation Bill (ESB), with focus on amending tax, fiscal, and establishment laws, required for the enhancement of economic stability and growth. The bill, driven by recommendations… Continue reading Recent Tax Reforms: The Economic Stabilisation Bill and The Nigeria Revenue Service (Establishment) Bill.