A PROPERTY OR BUSINESS AGREEMENT NOT SIGNED IS WORTHLESS

A PROPERTY OR BUSINESS AGREEMENT NOT SIGNED IS WORTHLESS

In property and business transactions, an agreement is only as strong as the signatures on it. No matter how well-drafted, an unsigned contract is legally worthless. It is not binding and cannot be enforced in court.

This is because under the law, mutual consent is needed and parties must show their acceptance of the terms by signing the document.

For property agreements such as Deed of Assignment or Conveyance, lease, sale agreement or tenancy agreement, failure to sign means the document has no legal weight.

A buyer may pay for land and receive an unsigned agreement, but without signatures the seller is not legally bound by the agreement, leaving the buyer at risk.

In business contracts, an unsigned agreement cannot be used to enforce your rights, claim damages or prove obligations. It is simply a draft, not a binding document.

Some agreements require additional formalities like being witnessed, stamped or registered, to be legally valid. Even when negotiations are concluded and terms are agreed upon, an unsigned document remains useless.

This is why it is important to ensure that an agreement is properly signed by the parties and witnesses.

To protect your interests, never rely on verbal assurances or unsigned agreements. Always insist on proper execution, including signatures, dates and witnesses.
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APEX CHAMBERS, Law Firm of best Property & Business Lawyers, Attorneys & Barristers in Port Harcourt, Nigeria.

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