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While running a business, it’s likely that business owners, partners or managers will find themselves involved in one dispute or the other.

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#LegalnuggetsbyTobi #startups #businessowner #Advisory
#wednesdaythought #Litigation #mediation #WednesdayMotivation #Nigeria
These disputes may range from breach of contract, employer/employee dispute, shareholders or owners dispute etc.
LITIGATION V. MEDIATION

Litigation is one of the most frequently utilized forms of dispute resolution. It involves going before a judge to resolve claims that one party has against another.
Read 7 tweets
Ever heard the phrase “YOUR STAFF ARE YOUR MOST VALUABLE ASSET.”

As an employer, you shouldn’t just hire someone because you feel overwhelmed. You need to be specific about the kind of work you need this employee to do and how much time it’s going to take.

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A standard contract of employment would SPECIFY the following:

1. The job title, description, roles and obligations

2. Whether the job is a full time or a part time

3. When the job will commence

4. Salary, bonus, benefits etc
5. Confirmation/ Probation period (if any) before the employee becomes a full staff

6. Termination of employment and conditions (including dismissal or suspension)

7. Confidentiality clause

8. Dispute resolution if a dispute is likely to arise from the nature of the job
Read 5 tweets

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