Kobicove:
Your first mistake is that you did not incorporate or register a business name before going into this business relationship.

Your second mistake is that you did not prepare a contract which sets out the responsibility of each party in the business relationship...this contract would have set out the financial contribution required of each party, profit sharing ratio etc

For a project of this nature I don't expect that the financier should be responsible for your personal transportation espenses...that aspect is regarded as sweat equity and should be borne by you.

My concern is with her wanting you to sign a contract with her personally.

ntrukpum:

We knew all these but we are not financially bouyant to do them. I hope it won't bounced back on us.

ntrukpum:
Good morning nairalanders
Four years ago I met a guy who shared an idea of a reality Tv show on leadership and governance with me and I bought the idea. We started work on it, we made research and wrote things to put the Project together. After some months of intensed brainstorming we were able to complete the paperwork of the project and we proceeded to The Nigeria Copyright Commission for licence. Three months later we were given the copyright ownership of the work.

We had no dime to do anything. You all know what it takes to put up a reality show on TV, even on social media. It's not a child's play. We started meeting big and influencial men who we knew either had d money to sponsor the Project or could connect us with people who could push the Project. 99% of people who we met gave approval and really praised us for thinking that far and outside the box.

We met this young philanthropist who is in early 30s now and this guy couldn't stopped worshipping us. He said most young people don't think again, rather they beg rich men for money. He said so many Nigerians are clamouring for BBN to be scrapped off the screens. And he said we had brought a solution to that problem. He promised to work with us and asked us to go back and think of how we want him to come in. And also pleaded with us not to show the work to any politician. That politicians don't have time to think so they hijack people's work.

We left and came back with one thing on our mind, that is, for him to sponsor the whole Project. He agreed. But didn't show real sign of seriousness. We met severally because of this. He was always kind to us, one of the days we came to his office he personaly walked us down the gate and told the security men that any time we come we don't need to sign in b4 entering. It was a privilege.

After several years it was like he wasn't interested in investing his time and resources there again. He was always telling us to to be patient that he was still consulting with professionals who are into the system (media and entertainment world).

So last month he contacted a movie producer and asked us to meet with her, because he was and still out of the country. He told us to explain everything about our project to her. We met with this lady and she was thrilled with the idea of the Reality Tv show. He asked the lady if she understood our work, the lady said yes. She asked us if the lady is resourceful, we said yes. So he told us to start work on the project. He promised to invest 5million naira on the project and advised us to make sure the project works. He has automatically becomes the Executive producer (EP). For more than a month now we've been working on this project with the lady's team and she has become the official production manager of the project. We are just the copyright owners and part of content creators.

Last week the Executive producer(EP) dropped 1million naira for the commencement of some work on the project. He advised that we should all agree on what so ever we want to do b4 disbursement of funds. But surprisingly the lady is trying to sideline us ever since the money arrived because it was paid into her account. One day We raised an idea of us getting transportation fare and money for data, she rejected it. But she uses this same money to fund her transportation and do phone calls. She makes contacts with people and contract them on the Project without letting us know, not until it is time for payment.

She has spent all the 1million naira and we are to expect another batch of the money this week. But one thing dat disturbs us is that she has sidelined us ever since the money for the project that we worked so hard to create came. We've contacted a lawyer and he advised us to wait until we sign a contract with the EP. And that we should allow the lady to work with the funds and let the project start.

We are the content creators too but she brings in people that can't give any simple content content to the project. They all want to see our content, modify and work on it. So why are they called content creators. She pays transport for them whenever they come out of the money that was given but refused to give us money for transportation.

She wants to bring in movie concepts into an intellectual project that has nothing to do with movie. We are afraid. She feeds the EP unnecessary information about us. She wants to control the web site, all the social media pages. She said we should sign an agreement with her that she will handle the project in the subsequent editions. Like 5years contract. She's the boss now. She

Please lawyers and entertainment professionals advice us. Thanks

ntrukpum:
Please mods help me push this to front page. I need urgent professional advice