When you register your business, company or organization it becomes a distinct personality at law and can sue and be sued.
Only registered businesses/ incorporations can enjoy governmental benefits like relief funds, government loans, grants etc and its only when your business is registered that you have the legal capacity to bid for contracts and handle projects be it local or international projects, more so, it’s only when your organization is registered, fully incorporated and recognized by the corporate affairs commission that prospective or existing investors and clients can take you serious.
Second scenario;
Imagine losing the brand or trademark you painstakingly built for years and getting bullied for trademark infringement. A stitch in time they say saves a lot and this is the reason you should consider registering your trademark or brand too as you register your incorporations.
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The needs of getting your brands trademarked and acquiring your patent rights cannot be overemphasized just as the need of registering your business or organization and you as a serous minded Entrepreneur, CEO, Business owner, Start up owner should consider registering your trademark if you are really in for a roller coaster ride, don’t be like an average Nigerian that leaves everything to chance.
It doesn’t matter if you’ve been using that trademark or brand logo from time immemorial, at law it’s who registers the trademark or brand name/ logo first is the recognized owner as it is the legal principle the first in time takes priority.
Stanley Alieke, Esq.
[email protected]
