GETTING INTO A JOINT VENTURE AGREEMENT IN CAMEROON A Joint Venture is a business agreement entered into or created by two or more parties to accomplish a specific task or business goal while retaining their separate identities. The importance of a Joint Venture agreement can be seen when parties intend to access new emerging market, …
A partnership agreement is a contract between partners in a partnership which sets out the terms and conditions of the relationship between the partners, including: Percentages of ownership and distribution of profits and losses. So, what should businessmen consider in drafting a partnership agreement? Here’s a list of some key items you should definitely think about before signing a partnership agreement …
An incorporated company has a separate entity distinct from the individuals who are shareholders and directors in control of the company’s operations. The procedure to sue a company in Cameroon is not far-fetched from the procedure for suing an ordinary person, because a company is also deemed as a legal personality with its own rights …
There are various legal procedure for debt recovery in Cameroon. A debt exists where a certain amount of money is owed from one person (the creditor) to another (the debtor) due to certain agreements. Contracts are entered and executed between parties for various reasons and when there is a breach or failure for a party …
Where to check for company registration in Cameroon is often asked by intending individuals or corporate bodies looking to do business or venture into an agreement with another company claiming legality. The write-ups will briefly summarize a process how to check if a company is registered in Cameroon. For a corporate body or form of …
A Non-disclosure agreement in Cameroon also known as Confidentiality Agreement is a legal contract or agreement between parties with the sole purpose of legally forbidding parties from disclosing confidential information that has been shared together in the course of a commercial or employment relationship to any third party. The importance of a non-disclosure agreement is …
Introduction Cameroon today is one of the countries in the world that have accepted the use of the internet and other technology tools to engage in personal and business activities. This wide acceptance of internet technology in Cameroon has led to an increase in computer crimes & security threats in Cameroon. Cybercrimes come in the …
INTRODUCTION The reason why organizations conduct due diligence in business transactions is to ensure a proper background screening of the target company prior business engagement. Due diligence is mergers and acquisitions is necessary and also when conducting business transaction, investments or purchase of landed or commercial properties. This can be done by proper review, investigation …
INTRODUCTION A contract is an agreement between two or more parties which creates reciprocal legal obligations to do or not to do a particular thing. The law on contract is based on the latin phrase “pacta sunt servanda” as there must be mutuality of purpose and intention. The two or more minds must meet at …
Introduction Import and Export trade in Cameroon is one of the most profitable ventures that an individual with the know-how and capital can engage in fully and stand make huge gains.Despite the lucrative nature of the business in Cameroon, Businessmen are often confronted with the challenge in understanding the right procedure in obtaining import and …
