๐ขExciting news! After providing legal advisory in the tech ecosystem for three years, team Vazi Legal is excited to announce the launch of a virtual library for startup founders and investors! ๐
#VaziVirtualLibrary
We are excited to announce that our 2023 internship program is now open.
The internship will run from Monday, June 5 to Friday, July 28, 2023. Our internship program is fully remote, and is specially designed to help you launch your career as a lawyer focused on technology
We are excited to announce that the Winter Cohort of our bi-annual internship is now open.
The internship will run from Tuesday, November 1st, 2022 to Wednesday, December 14, 2022.
Click on the link below to apply:
Legal Text: The Thumbs-Up Emoji ๐ is now Contractually Binding!
A Canadian court ruling has declared that sending a simple thumbs-up emoji can seal the deal in a contractual agreement.
In most cases, startup co-founders are colleagues, friends or even family. To avoid the dangers of blurred professional lines, startup founders must ensure that they have a comprehensive founders' agreement that spells out their duties responsibilities and powers in the company.
We are starting the year with two of the Startup ecosystems finest
@Mochievous
and
@OluyomiOjo
joining the Vazi Legal Open House to speak on: Succession Planning for Founders. This is one Vazi Legal Open House session you do not want to miss!
We are excited to announce that the winter cohort of our bi-annual internship program is now open!
Our internship program is fully remote, and it is specially designed by our partners and associates to help you launch your career as a lawyer focused on technology startups.
Voter Education and Election Proceduresย
Are you ready for the upcoming General Elections in Nigeria?
Voting Procedure
1. Voting begins at 8:30 am
2. Present your PVC for accreditation on BVAS (Bimodal Voter Accreditation System)
3. Verify that your name is on the Register of
We are excited to announce that the 2022 Summer Cohort of our bi-annual internship program is now open!
Fun Fact: Our internship program is fully remote.
To apply, visit the careers page at
Applications close on Saturday, June 11, 2022 at 11:59pm WAT.
After building in stealth for three years, Dr. Jen Nwankwo has announced her startup's (1910 Genetics) $26 Million fundraising round led by Microsoft's venture capital firm.
Ever wondered why such a large number of companies are based in Delaware, USA? It's because there are a lot of benefits to incorporating there. In this thread, we'll walk you through why you might want to incorporate in the US as an African startup and how to do it properly.
Data protection regulations are constantly evolving and expanding in their scope. By staying abreast of their obligations under the relevant regulations, startups can secure the trust of consumers, avoid legal liability and boost investor confidence.
This summer we launched our Legal Internship Program with 8 incredible finalists joining us from ๐ณ๐ฌ ๐ฐ๐ช ๐ซ๐ท & ๐ฌ๐ง
To round up, they are hosting a
#AskVazi
session tomorrow to tell you all about the experience.
Please share any questions you have here!
Our internship program has six tracks!
1. Fintech, Decentralized Finance & Digital Currencies
2. Investment Advisory
3. Technology and Human Rights
4. Intellectual Property, Licensing & Digital Infrastructure
5. Artificial Intelligence and Legal Tech
6. Legal Research & Writing
Startup lawyers advise the most innovative, high-growth emerging companies and their venture capital investors on a wide range of legal and business issues.
In this presentation, we have outlined the skills necessary to excel as one.
We are excited to announce our annual pitch competition โ UnHacked, a pitch competition where African-focused technology startups pitch their companies for a chance to emerge as winners.
To apply, fill the form here -
Deadline: Friday 18th of December.
Have you ever wondered why there is no competition for big names like Amazon, Google and Facebook?
Big tech companies have a monopoly of the space but antitrust laws can fix that. >>>
Pitch day!!! And we are excited to present the finalists from
#UnHackedByVazi
who will be pitching today to our panel of judges.
Donโt forget, you can also join in to vote for your favorite startup. Details on that coming up soon.
The Slack success story showcases the importance of having an agile team willing to pivot when necessary, but also the immense benefits of having the right investors. When seeking investment, startups must conduct due diligence on potential investors to find ideal partnerships.
We have our finalists! We had a great time reading through all your amazing applications, and we're looking forward to having our 8 finalist teams pitch their great startups tomorrow. Join us tomorrow evening to watch them and vote for your favs!
An Employee Stock Option Plan (ESOP) is a structure put in place by startups with the aim of giving the opportunity to employees to enjoy the growth of the company, by simply having a piece of it.
To know more about ESOPs and how it works,
Swipe to find out >>>>>>>>>>>
Congratulations to our clients
@MytruQ
on winning, not one but TWO grants.
TruQ is one of the 10 Nigerian startups thar made up the 25 African startup beneficiaries of the Google Black Founders Fund 2023 cohort.
The
#googleblackfoundersfund
seeks to help tackle systemic racial
Happy Democracy to Nigerians.
As a law firm, we stand by the fights of Nigerians to free speech. It is a constitutionally protected right๐
#DemocracyDay
Here's our gift to you as the month runs out. This book is an essential for founders, investors, lawyers and other players in the startups sector. Highly recommended!
We have our winners!
We had a tie between the runners-up and the public vote settled it for us.
We're announcing all three now, begiining with the second runner up.
For the founders of Clubhouse, it took 10 years to become an overnight success. Another example of how persistence coupled with a good business model and supportive investors can result in outstanding success for startups.
Insurance helps to transfer some of the operational risk and to give comfort to potential investors and partners. However, choosing the right types of insurance coverage and on the appropriate terms is crucial to properly securing your startup's interests.
๐ Are you a law student or a recent graduate with a passion for technology? Do you crave real-world experience in the exciting field of tech law?
Vazi's summer internship is here! Applications are now open.
#TechLaw
#SummerInternship2024
Join us this Thursday, the 22nd of September at 7pm WAT for another Vazi Legal Open House Session, where we will be discussing Global Data Protection Compliance with a focus on the Best Practices for African Startups.
Register in advance with this link:
Itโs about time for another VaziLegal Open House session. Brandi Samuel would be discussing โThe best international tax practices for African Startupsโ on Thursday the 18th of November and itโs going to be an interesting one.
"I was able to learn a lot of things. I did a couple of research projects on different things, from payday loan companies in Kenya, digital feminism to Artificial Intelligence and its place under the law," - Sumaiyah.
#VaziVault
Compliance has been the topic of deliberations within the tech startup ecosystem over the past month.
Save this compliance checklist to stay on track!
The Startup Industry has continued to see massive growth and influx of investment.
Do you know exactly what a Startup is?
Well, peak through and know for sure!
Tech ecosystems around the world adjusting to new realities & same is happening on the African continent.
So we collaborated with
@doa_law
to produce this report on what COVID-19 means for African Startups. We also answer key questions startups might have
Raising Capital for your business is a crucial part of the startup journey. However, sometimes startups are not investment-ready.
Here are some steps you can take to optimize your startup's fundraising efforts and be investment-ready.
Summer Internship Highlights
A couple of weeks ago, we bid farewell to our Summer 2023 interns.
It was a pleasure having these amazing young lawyers on the team, and we are humbled by their kind words as they share the highlights of their experiences at Vazi.
AML Laws cut across numerous sectors of business operations and are aimed at uncovering efforts to disguise illicit funds as legitimate income.
Do you know who agrees with this? Practically all the governments in the world!
Swipe to learn some AML Laws obtainable in Nigeria/US
Itโs yet another week and our clients are still as amazing as ever ๐๐ฝโโ๏ธ
Shout out to
@MytruQ
x
@clafiya
x
@teraworkNg
on getting into the
@GoogleStartups
Accelerator program.
Congratulations ๐ฅณ๐ฅณ๐ฅณ
Vision and long-term commitment are essential for building a successful company. As the business goes through uncertain times, a solid legal foundation (e.g. vesting schedule and stock options) can be crucial to keeping founders and staff motivated to push through to success.
The
#ClientSpotlight
is on
@AllIDoIsCookUS
today as we celebrate their first place win in the
@getclearco
ClearPitch competition.
AllIDoIsCook is a Food company that offers the best quality Nigerian dishes by running a small batch manufacturing operation in the USA.
Join the Vazi Legal team today as we host our first Twitter Space Debate.
The registration of the word โYorubaโ as a trademark by the UK trademark Office is the topic! Check the hashtag
#Yorubaisnotforsale
for more background on this issue.
Antitrust and Consumer Protection Laws help keep tech companies from doing businesses and making profits that are harmful to you as a consumer.
Swipe and let Olivia explain how >>>
We congratulate our clients Connected Analytics, parent company of
@ThankUCash
, on this landmark fundraising round. As the company continues to innovate new ways for customers and businesses to mutually benefit each other, we look forward to seeing them grow in leaps and bounds.
Have you ever heard of a non-compete agreement? Do you know the restrictions that come with a non-compete agreement?
Before you execute that next employment contract, swipe to learn what a non-compete agreement is and how it is enforced in different countries.
The exit is an important part of the tech startup lifecycle, but many founders fail to give it enough thought as they grow their companies. That often causes problems, including conflict with investors. Here are some of the common exit strategies founders should consider.
How do you manage work-life balance as a remote legal-tech firm?
It was fun discussing how members of the team managed to achieve maximum productivity without compromising on their self-care and personal time.
From VERY unique playlists to honey facials and bubble wrap therapy
Taxes are an important part of doing business in any country, and startups must make sure they are fully compliant to avoid facing legal liability. In this presentation, we outline five actionable steps startups can take to put an efficient tax system in place.
Fascinating Lawsuits around the Guinness World Records
While reading up on the rules the procedures involved in breaking a Guinness World Record, of course we got curious as lawyers, to check out whether or not GWR has been involved in any interesting lawsuits.
Enjoy!
We received an overwhelming number of excellent applications for
#UnHackedByVazi
and will be sending out emails to to short listed candidates today! This was supposed to go out yesterday so thank you for your patience.
We enjoyed reading about your exciting business!
On todayโs Vazi Legal Open House the Winter Interns will be taking the mic and talking about their internship experience at Vazi Legal. Itโs going to be an exciting one!
We're excited to announce our judges for UnHacked.
They'll help us select the winners of the competition, and we look forward to seeing the teams wow them (and us!) with their pitches tomorrow.
Remember that you can vote for your favourite teams too, so tune in tomorrow evening
Have you ever come across a business model that builds up multiple startups in rapid succession?
It exists and they are called Venture Studios.
Swipe to learn more about Venture Studios and how this business model differs from traditional VCs and Accelerators.
IP ownership problems can be easy to address at the outset by establishing the right procedures, but difficult (and expensive) to fix down the road. Hence, startups would be best served by making the registration and protection of their IP an immediate priority.
On the 14th of September 2020, the Nigerian Securities and Exchange Commission (SEC) released a Statement cryptocurrency regulation. We have provided a summary of the statement in the attached presentation.
Security Tokens are crypto assets but they shouldnโt be mistaken for Utility tokens. The main difference between both is that one is trade-able while the other isnโt.
Swipe to learn about security tokens.
Legal Battle: Designers Take on Shein in Copyright Infringement Lawsuit
Last week,
#Shein
facing a lawsuit was all over Twitter.
Many people did not get the link between a clothing brand and RICO, an act that targets organized crime syndicates.
Here is a brief breakdown.
Terms of Service should not be treated as mere boilerplate. They represent a contract between a startup and the users of their product/service and thus must be tailored to the circumstances, to provide adequate information to the user and protect the startup from legal liability.
A breakdown of the Copyrights Lawsuit Ed Sheeran won.
Last Thursday, popular British musician Ed Sheeran won the second copyright infringement lawsuit in less than 13 months, this time against the estate of Ed Townsend, for his Grammy award-winning song, 'Thinking Out Loud.'
Zoox Chief Executive Officer Aicha Evans has said that her company is out to reimagine transportation, and leading the acquisition of her company by Amazon for US$1.3 billion is just another step on the path to achieving that goal.
Join us this Thursday, the 21st of October at 6pm WAT for another Vazi Legal Open House Session, where we will be discussing the GDPR and NDPR Regulations with a focus on Regulatory Compliance for Data Privacy.
Sexual harassment has been a front-burner issue within the tech ecosystem for a while now.
Last week, Vazi Legal released a Sexual Harassment Policy Guide for Startups.
Swipe to get a little insight >>>
Get the guide with this link:
๐ Get ready for the internship of a lifetime! Applications for our summer internship at Vazi open in just 3 days. Don't miss out on this incredible opportunity to kickstart your career journey! Keep your eyes and ears open!
#VaziInternship
#TechLaw
#SummerInternship
Julian, a masters student in Digital Law and Management at ESDES, Lyon, described her Vazi Legal internship experience as "immersive, collaborative, and unforgettable."
Hey lovely people,
The Google Black Founder's Fund announced their finalists last week, and it's been such a buzz that 10 Nigerian startups made the cut.
Having one of our clients
@MytruQ
as finalists, Vazi Legal will be hosting a spacd with
@WilliamsFatayo
CEO of TruQ to learn
It appears some of the application forms timed out incorrectly, if you applied and answered only 3 questions, please kindly resubmit your application as we have 10 questions on there. Apologies for the mixup. Still takes less than 10 mins to complete!
Hilda Baci 100-hour Cook-a-thon: What are the Guidelines to Break and Set a New Guinness World Record? Hereโs what you need to know.
Nigerians and many people around the world watched in awe and excitement as Hilda Effiong Bassey set out on Thursday 11th May to beat
Meta gets hit with a record-breaking fine of $1.3 billion in the European Union for data transfer violations; read about this and other issues rocking the tech world in the past week on
#Vazitechin5
.
If you are a founder or you intend to be one in the near future, get in here.
A Foundersโ Agreement is very important for startups with more than one founder.
Swipe left to find out what a Foundersโ Agreement is and why you may need one.
Join us tomorrow as
@euniceajim
and
@Mochievous
discuss the legal essentials of startup funding for founders.
You do not want to miss this!
Save the date here:
The Nigerian SEC recently released a new regulation intended to guide the activities of Issuance Platforms, Offering Platforms and Custodians of Digital Assets.
A key thing the SEC has done is to define who the key players are.
Swipe to learn what the new regulation capturesโฆ
Did you know there is a difference between Passing off and a Trademark Infringement?
Janet has the answer you are look for.
Peak through and find out what those differences are.
Today, we bring you โPoison Pillsโ.
If you have been following the recent events unfolding between Twitter and the CEO of Tesla, Elon Musk, then โPoison Pillsโ are not new to you.
Swipe to find out how it works >>>