#LawofContract

Avoid Bad Business Deals with the help of a lawyer: The Ultimate Things You Need to Know

Leave a Comment / Commercial Law, LAW OF CONTRACT /

Introduction to avoid bad business deals In a serious commercial transaction, a lawyer is often the difference between a calculated risk and an expensive mistake. In Nigeria, a competent transactional lawyer does not merely review a draft agreement; the lawyer tests the deal for legal validity, commercial imbalance, hidden risk, unenforceable clauses, and future exit […]

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SPECIFIC PERFORMANCE IN CONTRACT: THE IMPORTANT THINGS YOU NEED TO KNOW

Leave a Comment / LAW OF CONTRACT /

Introduction to Specific Performance in contract You finally secure a deal to purchase a prime piece of land in Lagos, perfect location, proper title, and agreed price. You pay a substantial part of the purchase price. Suddenly, the seller backs out and decides to sell to someone else offering a higher price. You are offered

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CONTRACTS WITH ILLITERATE PERSONS IN NIGERIA: THE ULTIMATE THING

Leave a Comment / Contract Drafting /

Introduction to Contracts with Illiterate Persons Lamide, a hardworking market trader in Lagos, had successfully run a small provisions shop for twenty-three years despite being unable to read or write English. She relied on her sharp business sense, memory, and occasional help from her children to manage records. One day, a well-dressed and persuasive man

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