A Contract is a Story…
A contract is a story that covers the agreement between two or more people.
Standard Definition of a Contract
A contract is an agreement entered into voluntarily by two parties or more with the intention of creating a legal obligation, which may have elements in writing, though contracts can be made orally.
Transaction documentation can encompass contract review, transaction implementation agreements and MOU.
Benefits of Contract Review
Firstly, it forces consideration by the client and, ultimately by the other parties, of the issues involved in a particular transaction.
Contract Review Process
Regardless of who drafted the contract, it must be reviewed.
Benefits of using a Precedent
At the very least you can simply change the details and you then have a contract. Voila!
Agreements and Your Rights
An agreement allows a rights holder to make money from his property by entering into a contract for product use or sale. Once you have a handle on your property, you can create your agreement.
What Do I Include in an Agreement?
In business, a written agreement is a must. There is no hard and fast rule to giving someone an agreement for property or other use.
Revenue from Your Product
Good legal writing
There is generally no requirement for a contract under Nigerian Law to follow a particular format or layout.
First things first
Draft the Agreement in a consistent manner
In essence do your research well.
Many issues come up when drafting or reviewing an agreement. Laws relating to the subject matter of the contract need to be reviewed so as to avoid any clauses being declared void by the Courts of law. An attorney can provide invaluable help with drafting your agreement and enforcing it.
Olufola Wusu Esq. copyright © 2012
Counsel Megathos Law Practice
Olufola Wusu is a Solicitor & Advocate
He can be reached at <a href="mailto:firstname.lastname@example.org
by Olufola Wusu Esq
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