WHEN AN AGREEMENT MAY NOT BE LEGALLY ENFORCEABLE

WHEN AN AGREEMENT MAY NOT BE LEGALLY ENFORCEABLE

Everyday many Nigerians confuse an ordinary agreement with a legally enforceable Agreement/Contract.

In law, not every agreement is a contract. People talk, promise, negotiate and exchange messages daily. But for an agreement to become legally binding, certain elements must exist.

There must be an offer, acceptance, exchange of value, intention to create legal obligations and parties must have legal capacity.

Once these ingredients are missing, what looked like a solid deal may collapse completely when issues arise.

This is why many people lose properties, business investments and funds. They rely on oral promises, copied agreements from the internet or poorly drafted documents prepared without legal guidance.

When disputes begin, they suddenly discover that the document they trusted cannot legally protect them.

For business owners, partnership agreements, shareholder arrangements, supply contracts, joint ventures and investment deals must be carefully structured by an experienced Business and Corporate Lawyer to avoid loopholes that can destroy a business.

Same applies to land/building and property transactions. Buying land, leasing property or investing in real estate without proper legal documentation and due diligence can expose you to fraud, double sales and years of litigation.

Land/building buyers and entrepreneurs should engage a Property/Real Estate and Business Lawyer before the transaction.

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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