Nigeria’s legal system has its origin in the Common Law and force majeure has no provision in Common Law. Rather, it has its origin in the Civil Law but would be applicable in the Common Law jurisdictions if it is specifically provided for in the contract between parties.
Most people gravitate towards registering a business name (and not incorporating a company) when they start off solely because it’s cheaper. Now don’t get it wrong, it’s not like there is anything bad in registering a business name, not at all, but the thing is, a registered business name is more suited to some businesses...
A contract is a written or spoken agreement especially one concerning employment, sales or tenancy that is intended to be enforceable by the law. A contract is any legally binding or valid agreement between two parties. The law will consider any contract valid if the agreement contains the following; · Offer and acceptance: An offer is described...
You might think you are a small business owner and your business does not the need the services of a lawyer yet but the truth is no man is an island and as you grow in business and you collaborate with different vendors and partners the need for a lawyer will eventually arise and if...