IN PROPERTY AND BUSINESS TRANSACTIONS, TRUST IS NOT A LEGAL STRATEGY

IN PROPERTY AND BUSINESS TRANSACTIONS, TRUST IS NOT A LEGAL STRATEGY

Trust is sweet in friendships and personal relationships, but in property and business, it is a dangerous emotion that can cost you a lot.

Many people enter transactions saying, “I trust him, he will not cheat me” or “we understand ourselves, so no need for documents so as not to complicate things.”

Incidentally, the courtroom is full of stories of trusted friends, business partners and even family members who turned bitter enemies when money, business and property got involved. Trust is not a legal strategy; written, clear and enforceable Agreements are.

Imagine handing millions of naira to a friend for land purchase without a Deed of Conveyance, only to discover that the land never belonged to him.

Or going into business with a relative without a Shareholder Agreement, and one day you are thrown out of the very company you invested funds in.

Courts do not enforce trust, they enforce legal documents. The judge will not ask how long you knew each other; he will ask for evidence of your agreement.

In property and business, what is written and legally sound is what counts. Trust fades, memories differ and promises are broken, but a properly drafted Agreement stands the test of time.

Before you invest or hand over money, involve a Property and Business Lawyer to draft and review an Agreement to protect your legal interests.

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APEX CHAMBERS, Law Firm of Property/Real Estate and Business/Corporate/Commercial Lawyers, Attorneys, Barristers, Solicitors Advocates, Legal Practitioners rendering legal services, Legal Consultants and Notary Public with Law Office in Port Harcourt, Rivers State, Nigeria

Phone: +234(0)7030868694 (Calls & Whatsapp)
Email: info@apexchambersglobal.com
Website: www.apexchambersglobal.com