Law Insights
Rights of a Compulsory Licensee in Nigeria: Under The Nigerian Patents and Designs Act
The Nigerian Patents and Designs Act (PDA) outlines the rights granted to a person who has been granted a compulsory license to use a patented invention. These rights are subject to certain limitations and conditions, and they do not fully equate to the rights enjoyed by the original patentee. Right to Exploit the Patented Invention: A compulsory licensee is granted the right to exploit the patented invention for which the license has been issued. This […]
Compulsory Licenses in Nigeria: A Balancing Act Between Public Interest and Patent Rights
This is a detailed picture of how compulsory licensing operates within the Nigerian patent system. This mechanism, enshrined in the Patents and Designs Act (PDA), seeks to balance the exclusive rights of patent holders with the broader interests of society, particularly in promoting local industrial development, addressing public health emergencies, and preventing the abuse of patent monopolies. Legal Basis and Justification: The PDA’s provisions on compulsory licensing are rooted in the internationally recognized TRIPs Agreement, […]
Types and Uses of Company Limited by Guarantee in Nigeria
A Company Limited by Guarantee (CLG) is a unique legal structure recognized under the Companies and Allied Matters Act (CAMA) 2020 in Nigeria. It is designed for organizations that operate for non-profit purposes, focusing on activities that benefit the public. Unlike companies limited by shares, a CLG does not have shareholders but members who guarantee a nominal amount to cover the company’s liabilities if it winds up. This article explores the types of CLGs […]
ESG Responsibilities of Corporate Entities in Nigeria
In today’s rapidly evolving global landscape, the concept of Environmental, Social, and Governance (ESG) responsibilities has emerged as a vital framework for corporate entities worldwide. ESG principles reflect the growing recognition that businesses must account for their impact not only on their bottom line but also on society and the environment. In Nigeria, where the corporate sector plays a pivotal role in driving economic development, adopting ESG principles is becoming increasingly important for sustainable business […]
Sustainability Reporting in Nigeria: The Growing Imperative
Sustainability reporting has become a critical component of corporate responsibility globally, and Nigeria is no exception. As businesses and governments recognize the long-term impact of their actions on the environment, society, and economy, sustainability reporting serves as a tool to communicate these impacts transparently. In Nigeria, the growing emphasis on environmental, social, and governance (ESG) factors is reshaping corporate practices, driven by both regulatory frameworks and a shift in stakeholder expectations. The Concept of Sustainability […]