WHAT IS FREEDOM OF CONTRACT?

WHAT IS FREEDOM OF CONTRACT?

There is a principle in law called freedom of contract. It means you are free to enter into any agreement you like, on any terms you like, as long as it is not illegal or against public policy. Sounds fair, right? But the thing is, once you sign it, you are stuck with it.

It does not matter if the contract is one-sided, harsh or completely unfair to you. Once you append your signature, the law will hold you bound.

That is why someone can legally sell you a house worth 20 million naira for 50 million, and the sale will stand. Why? Because you agreed. You signed.

The court is not your guardian angel. It is not there to rescue you from your own poor judgment. It is there to enforce what you agreed to, whether it favours you or ruins you.

And that is where many people get trapped. They sign complex business contracts, leases, partnerships or sale agreements without completely understanding it, only to find out too late that the terms are dangerous, costly or even irreversible.

This is why every agreement must be reviewed by a Business Lawyer before you sign. A Business Lawyer sees the traps and loopholes and protects you, before your signature seals your fate.

Never underestimate the power of your signature. It activates legal consequences you can not undo. So be cautious.

Once you sign, it is binding.

So read, review and be sure before your pen hits the paper.
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APEX CHAMBERS, Property/Real Estate and Business/Corporate /Commercial Lawyers, Attorneys, Barristers, Solicitors Advocates, Legal Practitioners rendering legal services, Legal Consultants and Notary Public in Port Harcourt, Rivers State, Nigeria

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