Every business deal sounds sweet at the beginning, until problems arise. That is why smart companies, businesses and individuals never rely on oral arrangements; they insist on a Service Agreement.
A Service Agreement is a written Agreement between a service provider and a client stating what services will be rendered, how long it will last, how much it will cost, when payment must be made, and what happens if either party fails.
A Service Agreement provides clear legal remedies in case of breach. It removes the grey areas that destroy business relationships and ensures what is agreed is on paper, giving you legal protection.
Now imagine that a company hires a contractor without making a Service Agreement. Halfway through the contract, work is delayed, agreed payment sums are disputed and both sides blame each other.
So you see. Without a Service Agreement, avoidable issues arise. With one, every answer is already written, legally enforceable and binding on each party.
At Apex Chambers, we have seen businesses lose millions of naira, years of growth and valuable partnerships because they ignored this.
A well-drafted Service Agreement would have saved the day. That is why we tell our clients that legal certainty today is far cheaper than litigation tomorrow.
So before you allow anyone render services to you or your company prepare a Service Agreement.
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APEX CHAMBERS, Law Firm of Property/Real Estate and Business/Corporate/Commercial Lawyers, Attorneys, Barristers, Solicitors Advocates, Legal Practitioners rendering legal services, Legal Consultants and Notary Public with Law Office in Port Harcourt, Rivers State, Nigeria