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Showing posts with the label #instrumentof law

INHERITANCE TUSSLE: IS MARRIAGE NOT THE BIG ROLE PLAYER? (PT.1)

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  Inheritance Tussle: Is Marriage, not the big role player? (Pt.1)                                     “A good man leaves inheritance to his children’s children”                                                                 Proverbs 13:22(a) Hello Nigeria, few weeks ago on this platform, we had a discourse on Will, it was an extensive discussion and conversations are still on going. Please visit the blog to join in the conversation and don’t forget to leave your comment(s) on the blog.    I...

MAKE A WILL:Not a death wish! (Pt. 1)

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Its Wednesday the 30th day of October, 2019. Our feature on the Family-Law-Series 👨‍👩‍👧‍👦  is tagged: MAKE A WILL:Not a death wish! In view of the nature of this platform, and our targeted audience, this discourse will be limited to basic knowledge and devoid of legal terminologies (as much as possible). We will consider 6 talking points, subtitled: "THE 6 W'S OF WILLS" our aim with these talking points is to answer “often asked” questions about WILLS. 1. What is a will? 2. Who can make a will? 3. Why do I need a will? 4. What makes a will valid? 5. What can be done to protect my will? 6. What if I change my mind? WHAT IS A WILL? 🤔 A will is a written document, that states in details, the way and manner the maker’s properties are to be disposed, shared, distributed etc., upon death. These properties, include money, houses, cars, pets, land, money in the bank account, pension fund etc. WHO CAN MAKE A WILL? 🤔 🤔 Generally, any sane person above...

Secret Principles you don't know about Contract - Part 2

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The working definition of the term Contract was provided, so also the basic elements of Contracts were identified. We equally supplied some examples of Contract. This week, we will go further and consider the first element of a valid contract as well as some “must know” principles. 📣 📣 📣 A Contract could either be written or oral. The facts that terms were not reduced into a written document before the commencement of a project, assignment, relationship etc., does not make it less of a Contract.  👌 However, it is desirable to have a written Contract, where all terms, conditions, parties’ expectations etc., are contained in a document. 📚 Please note, that where there is a written contract, parties will be bound by the terms and none of the parties will be allowed to introduce a term, clause, condition etc., not contemplated or agreed to jointly by the contracting parties. Generally, it is advocated that a written contract is more desirable as contracting parties’ r...