A business can collapse overnight, not because the idea failed, but because the law was ignored.
A Nigerian businessman living abroad sent millions of Naira home to start a company. The business grew fast, deals were pouring in and friends became partners.
Oral agreements were made because everyone trusted each other.
Then one partner secretly registered the company in his own name. Another diverted company funds. A land bought for the business was found to be under Government acquisition.
Contracts worth millions of Naira were lost because they were poorly drafted. By the time the businessman contacted a Lawyer, the damage was too much.
This is the problem many business owners face. People spend huge money starting businesses but fail to engage an experienced Business/Corporate Lawyer early.
A good Business Lawyer protects your business, from registration, Agreements/Contracts, legal compliance, trademarks, policies, tax, verifications, to dispute prevention.
Many people lose businesses because they trusted instead of proper documentation. Some buy land/building without engaging a Property Lawyer early enough to conduct proper investigation.
Later, they discover the land was under dispute, Government acquisition or has ownership issues.
So entrepreneurs should involve an experienced Lawyer from the beginning, not when problems explode.
In business, profit is important but legal protection is survival.
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APEX CHAMBERS, Law Firm of Property/Real Estate and Business/Corporate/Commercial Lawyers, Attorneys, Barristers, Solicitors, Advocates and Legal Practitioners rendering legal services, Legal Consultants and Notary Public with Law Office in Port Harcourt, Rivers State, Nigeria
Phone: +234(0)7030868694 (Calls and Whatsapp)
Email: info@apexchambersglobal.com
Website: www.apexchambersglobal.com