Don't Even Joke With This!
Jun 07, 2022 4:25 pm
One of the most avoidable but messy cases I have handled for one of my clients was a case of gentleman's agreement.
You know that type of agreement where you seal everything with a handshake and walk away believing that everyone is on the same page...
Yeah.
That type...
It can kill your business and if care is not taken, you.
The case was in Abeokuta with transactions running into hundreds of millions.
it was back and forth and from one lawyer to the other.
what pissed me off was that the whole stuff would have been easier and cheaper if only they listened from the beginning and got a legally drafted contract to guide their affairs.
It was just accusations and counteraccusations without any referencable document to substantiate anything.
It was hell for everybody and expensive too.
Yeah.
And when I asked why they didn't have a lawyer in the first place, they said they were cutting costs...
But when wahala came out, money was no longer a problem.
they lost time, energy, and lots of money trying to put out a fire that was almost consuming them and their business.
More importantly, they have realized that it actually pays to involve a lawyer from the beginning.
, be smart and know that legal cost is part of your operational costs.
As a matter of fact, the legal aspects of your business should be the top 3 on your list of priorities for your business.
You won't know this until you match avoidable legal wire and everything goes up in smoke right on your face.
What is the need for then paying through your nose with lots of scars when you can actually prevent everything from the get-go!
Don't try to cut corners with this so that you don't end up cutting yourself.
Reply to this email now and let us open a helpful conversation for your business.
To your #legalsense