Due Diligence: Ensuring You Get the Best in Transactions
In the realm of law, where every decision can have significant consequences, the importance of thoroughness cannot be overstated. This is where the concept of due diligence comes into play. Due diligence refers to the meticulous investigation and verification of information conducted before entering into a legal agreement. It’s like taking a deep dive into […]
Top 5 Laws Every Nigerian Should Know
Life in Nigeria throws a lot at you – from buying a phone to renting an apartment to starting a business. But do you understand the legal landscape shaping these everyday situations? Knowing your rights and responsibilities under key laws can be your shield and sword, empowering you to make informed decisions and protect yourself […]
Navigating Small Claims Court: A Guide for Resolving Minor Disputes
Small Claims Court in Lagos State: The Small Claims Court in Lagos State is a branch of the Lagos Judiciary created to handle minor civil disputes involving claims not exceeding N5 million. It offers a faster, simpler, and less expensive alternative to the regular court system. This guide will equip you with the necessary information […]
What amounts to an Illegal Contract in Nigeria?
An agreement might look good on paper, check all the right boxes when it comes to the elements of a valid contract, but be totally unenforceable because of some illegality. It is unfortunate that many unsuspecting individuals constantly invest large sums in such transactions, which they cannot recover when the transaction goes south. What is […]
The Danger of Using the Police to Recover a Debt
In Nigeria, it has become common practice to involve the police in debt recovery efforts. Many individuals and businesses turn to the police to ensure debtors pay up, often resulting in detention and pressure tactics. While this might seem like a better alternative to taking matters into your own hands, it’s crucial to understand whether […]
Protecting Your Interests: Key Considerations When Entering into an Agreement
The recent events surrounding the untimely passing of Ilerioluwa Oladimeji Aloba, also known as Mohbad, serve as a stark reminder of the importance of exercising caution and diligence when entering into contracts and agreements. Contracts can be complex and loaded with legal jargon, potentially leading to significant consequences if not comprehensively understood. In this guide, […]