It’s been almost two years since I penned this guide on commercial leases in Kenya. Since the outbreak of the COVID-19 pandemic, the article has generated a lot of interest from readers. So much so, that it prompted me to provide further insight on how to handle your lease in light of the pandemic.
The future is here. The future is in online business. According to a recent article by the Economist, “responding to COVID-19 has seen many people and companies realise that IT had more to offer them than they had realised.” Indeed, most tech or online companies are reaping big in spite of the pandemic. Therefore, it makes sense to consider starting or moving your business online. This article considers some of the legal aspects relevant to online businesses.
Have you recently visited a website, placed an order and paid for an item from the comfort of your desk? If so, you have been party to an electronic contract (“E-Contract”) i.e. an agreement formed and concluded online. In this article, we consider the essential legal elements of E-contracts.
If you are a fan of popular TV shows like KCB Lion’s Den, Shark Tank or Dragons Den, then I am sure you are familiar with the uphill task that entrepreneurs face when seeking capital for their businesses.
There are several choices that an entrepreneur needs to make concerning his business. Undoubtedly, one of the most daunting is the ownership decision i.e. whether to go at it alone or with partners.
Introduction Celebrity endorsements are advertising campaigns whereby celebrities or well known public figures are used in promotion of products or services. The benefits of such endorsements include increased sales, brand personification and building brand equity and credibility.
Introduction Private companies are popular vehicles for carrying on business in Kenya. Private company registration is carried out through an online platform known as e-Citizen (accessible here). It takes up-to five days from the date of submission of all requisite information to obtain a certificate of incorporation.
Introduction In the course of running a business, you inevitably require to enter into contracts with various stakeholders. Contracts are agreements in which one party commits to providing products, property or services to another in exchange for payment. Contracts may be either verbal or written.
Introduction The global digital economy has made it very easy to start and run businesses. All you need is a computer, internet connection and a great idea. Most start-up entrepreneurs opt to set-up online businesses due to the easy set-up procedures and low operating and maintenance costs. However, as the business expands it may become necessary to set-up a physical office for effective coordination of operations. If your business needs a physical location, you may have to consider purchasing or renting some space. For rented premises, landlords often require tenants to execute commercial leases.
As an entrepreneur opportunities are your lifeline. But let’s face it, scoring great opportunities is not a walk in the park. You have to jump through hoops, empty promises and near misses before you secure a contract. In the process, there is a real temptation to give too much information away too soon.