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Browse our 4 legal questions about Contract in Nigeria and the lawyer answers, or ask your own questions for free.
Contract law in Akure, as in the rest of Nigeria, is guided by the principles established under the Nigerian Contract Act. This legal field encompasses agreements made between two or more parties which result in a binding arrangement enforced by law. The essential elements of a valid contract such as offer, acceptance, consideration, capacity to contract, intention to create legal relation, and certainty are recognized.
Although many contracts can be simple, there can be complex situations needing nuanced understanding of the law. You may require a lawyer for drafting contracts, understanding the terms of a contract presented to you, resolving disputes arising from a contract, or seeking legal redress when a contract is breached. Legal advice can ensure you understand your rights, obligations, and potential risks associated with a contract.
Akure operates under the Nigerian legal system, which adopts principles from common law. This includes the recognition of expressed and implied contracts, oral or written contracts, and the fundamental elements necessary for a contract to be considered valid. Legislation governing contract law includes the Nigerian Contract Act, Sale of Goods Act, and certain provisions in the Companies and Allied Matters Act. Understanding these laws can be complex, and having a local lawyer can be useful in successfully navigating them.
Yes, oral contracts can be enforceable in Nigeria. However, proving the terms of an oral contract can be challenging, which makes written contracts more common and advisable.
Remedies can be specific performance (requiring the contract to be completed as agreed), damages (compensation), rescission (cancellation), and injunction (an order to refrain from a specific action).
Not all contracts are legally binding. For a contract to be legally binding, it must possess certain elements – offer, acceptance, intention to create legal relations, and considerations.
In Nigeria, a minor (under 18 years old) cannot enter into a contract unless it's for necessities or education, and contracts entered by minors can be voided.
Yes, a contract can be altered after signing, but any changes require the agreement of all parties involved.
The Nigerian Bar Association and the Nigerian Institute of Advanced Legal Studies can be excellent resources for understanding contract law in Nigeria. The Nigerian Law School also provides resources and information pertaining to contract law.
Should you require more information or need legal assistance on a contract issue, it is advisable to reach out to a legal professional experienced in contract law. The legal professional will provide guidance, advice and, if necessary, represent your interests in legal proceedings. The Nigerian Bar Association can provide a directory of lawyers available in Akure.
