A WRITTEN PROPERTY OR BUSINESS AGREEMENT NOT SIGNED BY PARTIES IS WORTHLESS

A WRITTEN PROPERTY OR BUSINESS AGREEMENT NOT SIGNED BY PARTIES IS WORTHLESS

At Apex Chambers, we always point out that a property/business purchase/lease agreement or any transaction document not signed by all the parties to the transaction has no legal value.

It is a document without any value. The absence of signatures renders the agreement unenforceable.

The implications of not signing a property or business Agreement are:

1. No Binding Contract: Without signatures, the agreement lacks contractual usefulness.
2. No Transfer of Ownership: Ownership cannot be transferred.
3. No Lease Commencement: Tenancy cannot begin without a signed lease.
4. Disputes and Litigation: Unsigned documents lead to costly yet avoidable property and business disputes.

When you don’t sign your property or business transaction documents, you lose legal rights and interests; you risk financial exposure and delayed or, worse still, failed transactions.

So to avoid these negative legal consequences, ensure all parties sign and date the document, and verify their dentity and authority to transact; understand the terms of the agreement

Be sure not to rely on verbal/oral property/business agreements or unsigned documents.

Consult a reputable Property Lawyer to draft comprehensive agreements, ensure proper signing. Safeguard your property & business rights.

If you need sound legal help in property & business transactions, contact Apex Chambers, Property/Business Lawyers, Port Harcourt, Nigeria.