contract

Blockchain and Smart Contracts: Legal Frameworks and Future Prospects

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Blockchain technology has gained immense popularity in recent years, primarily due to its application in cryptocurrencies. However, beyond financial transactions, blockchain is revolutionizing various industries, including law. One of the most intriguing applications in the legal sector is smart contracts—self-executing contracts with the terms of the agreement directly written into code. As blockchain continues to …

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Whitepaper – “Contracts 101: Understanding the Backbone of Business Law”

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In the intricate dance of commerce, contracts serve as the silent architects shaping the foundations of business relationships. Often underestimated in their significance, contracts play a pivotal role in mitigating risks, defining expectations, and ensuring the smooth operation of businesses. This whitepaper delves into the essential aspects of contracts, offering a comprehensive guide to understanding …

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Duress, Undue Influence, and Capacity as Vitiating Elements in Contract

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INTRODUCTION For a contract to be valid, all of its elements must coexist.  There are a number of things that can vitiate a contract, one of which is to make the contract lose its validity. Some of the most common of them are misrepresentation, mistake, duress, undue influence, unconscionability, illegality, capacity, and lack of time, …

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Navigating the Waters: A Comprehensive Guide to Shipping and Shipping Contracts in Nigeria

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Introduction Shipping is a vital component of international trade, and Nigeria, as a major player in the African economy, relies heavily on its ports and shipping industry. In this article, we will delve into the world of shipping in Nigeria, exploring the key aspects of shipping and shipping contracts, and how businesses can optimize their …

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