The fastest way to lose money, land/building or a thriving business in Nigeria is to rely on oral promises.
It is an avoidable mistake that has swallowed friendships, partnerships and million-naira deals.
A written agreement is your proof/evidence, your strongest defence when memories fade and disputes arise.
In property and business dealings, a written agreement captures the truth of what both parties intended: price, duties, timelines, penalties and protections.
It eliminates “I thought”, “I assumed” and “you said”. It prevents manipulation and stops betrayal before it begins. It gives you the legal power to enforce your rights if things go wrong.
Note that your Agreement/Contract must be prepared by a Property and Business Lawyer, not downloaded, copied or guessed.
A Property and Business Lawyer ensures that the Agreement is valid, enforceable and complies with law. He will spot the risks, include protective clauses and prevent issues that could cost you land, money or years of going in and out of court
Whether you are in Nigeria or living abroad, do not enter into any property or business transaction without a written agreement prepared by an experienced Property and Business Lawyer.
Don’t focus on the financial cost of legal services; just imagine what you stand to lose if things go wrong.
Can you recover from it?
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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