The Legal Edge

Will Checklist: Key Information & Instructions I. Personal Information of Testator (You) Full Legal Name Date of Birth Current Address II. Executor Appointment Primary Executor:  Full Name: Contact Information (Phone, Email, Address): Alternate Executor (Successor): Full Name: Contact Information: III. Guardian(s) for Minor Children (If Applicable) Primary Guardian(s)     Full Name(s):     Contact Information: Alternate Guardian(s):  Full Name(s):  Contact Information: IV. Beneficiaries & Distribution of Assets General Beneficiaries:    Full Name(s):    Relationship to Testator:    Specific Asset(s) or Percentage of Estate:    Alternate Beneficiary(ies) (in case of death or inability to inherit): Specific Bequests:  Description of Item (e.g., "Land at [Address]", "Company Shares of [Company Name]", "Account at [Bank Name]"):  Full Name of Beneficiary: Residuary Estate:   Instructions for Di...

Have you ever imagined what goes into the blueprint of a successful partnership? A Memorandum of Understanding (MOU) acts as that vital roadmap, guiding collaborative efforts between parties.   To navigate the complexities of any agreement, every MOU should weave together 25 carefully crafted clauses, each playing a crucial role in defining expectations, responsibilities, and objectives.   Think of these clauses as the essential ingredients in a recipe for collaboration, ensuring that all parties are aligned and ready to embark on their joint venture with clarity and purpose.  STRATEGIC PARTNERSHIP AGREEMENT   This MOU Strategic Partnership Agreement (the "Agreement") is effective (DATE], BETWEEN: [FIRST PARTY NAME] (the first Party", an individual with their address located[COMPLETE ADDRESS] AND:          [SECOND PARTY NAME] (the "Second Party"), an individual with their address located at:(COMPLETE ADDRESS]   CLAUSES Purpose ...

Judicial independence is the concept in which the judiciary needs to be kept away from the other arms of government. The court should not be subject to government influence or any other influences that may be partisan or private.   The independence of the judiciary is established under Article 159 of the Constitution of Kenya. Independence of the judiciary is a core element of modern constitutionalism and a pillar of democracy. Hon Justice Augustus Molade Akiwumi was a judge and also the second speaker of the Parliament of Ghana. History of the Judiciary: Judiciary is an arm of government that comprises a system of courts of law for the administration of justice. The first court in British East Africa was established by the Imperial British East Africa Company in 1890 with A.C.W Jenner as its first judge. In 1895, the East Africa Protectorate was established with the Consular court to serve British  and other  foreign persons. However a court with jurisdiction over all pe...

  Cooperation in the EAC Common Market C o‐operation   is defined in Article 1 of the protocol for establishment of EAC to include  the undertaking by the Partner States in common, jointly or in concert, of activities undertaken in furtherance of the objectives of the Community, as provided for under the Treaty or under any contract or agreement made thereunder or in relation to  the objectives of the Community. Scope of Co-operation in the Common Market  is provided for in Article 5 where it states that the  Protocol shall apply to any activity undertaken in cooperation by the Partner States to achieve the free movement of goods, persons,  labour , services and capital and to ensure the enjoyment of the rights of establishment and residence of their  nationals within the Community. The Partner states agree  pursuant to paragraph 4 of Article 2 of this Protoco l; (a)  Eliminate  tariff, non‐tariff and technical barriers to trade ;...

  Treasury Bills and Treasury Bonds are both fixed-income securities, but they have some differences in how they work.   Similarities: Both are ways for the government to borrow money from the public. Investors receive fixed interest payments over a set period of time. Differences: Structure:Treasury Bills: Issued for short periods, typically 91 days, 182 days, or 364 days , to finance short-term expenses like salaries.Treasury Bonds: Issued for longer periods , usually years, to fund various government projects. Returns (Interest Rate):Treasury Bills: The longer the period (e.g., 364 days), the higher the returns.Treasury Bonds: Offer fixed interest payments every six months until maturity. Minimum Investment:Treasury Bills: Require a minimum investment of Ksh.100,000. Treasury Bonds: May have different minimum investment requirements; Opening a CDS account with the Central Bank is necessary. Treasury Bills are typically issued weekly, with details available on the Central Ba...

Questions and Answers :   1. What are Kenyan Treasury Bills?   Kenyan Treasury Bills (T-Bills) are short-term government securities issued by the Central Bank of Kenya on behalf of the National Treasury. They are typically issued with maturities of 91, 182, and 364 days and are used to help manage the country’s short-term funding needs. 2. How do Treasury Bills work?   Investors purchase T-Bills at a discounted price; they receive the face value upon maturity. The difference between the purchase price and the maturity value is the investor's return. 3. Who can invest in Treasury Bills? Both individual and institutional investors can invest in Kenyan T-Bills. This includes citizens, residents, and foreign investors. 4. What is the minimum investment for Treasury Bills? The minimum investment for Treasury Bills in Kenya is Ksh 100,000. 5. How are T-Bills issued? T-Bills are issued through an auction process held by the Central Bank of Kenya. Investors can place bids e...