Formation Of The Contract Of Insurance
Contract of Insurance is a contract whereby one party (called ‘the insurer’) in consideration of a price, known as premium, agrees to indemnify or pay a sum of money to another person (known as ‘the insured’) upon the happening of a loss or misfortune. Read more about The law and you A contract of […]
Double Taxation
Under Double Taxation, what usually transpires is that the income of a taxpayer is taxed several times under different taxing statutes such that a single tax base will end up being subjected to more than one tax. Read more about The law and you This, broadly speaking, is what double taxation is all about. […]
Confidentiality Agreements Under Intellectual Property Law
Many of the people who possess intellectual property rights may not have the funding or other resources to make the property available to the public, or even to register the property; so, many times, they approach individuals or institutions to assist in the commercial and administrative processes. Read more about The law and you […]
What You Should Know About Competition Law Part 2
Competition Law In Nigeria’s Legal History There is currently no comprehensive legislation on competition law in Nigeria. This area of commercial law, although it has generated significant interest, has not received commensurate representation in the country’s law books. Read more about The law and you Nevertheless, there are several laws that cover areas relating […]
Anti- Corruption Laws And Policies In The Nigerian Legal System
Corruption is the abuse of public power for private benefit. The notion of corruption as the abuse of public power for private gain could be seen as a conflict between the obligation to exercise public power in the public’s interest, and the self-interest of an individual to use or exploit them for private gain. […]
The Law & You: The Need For Building Permits In Nigeria
A building permit is an official approval to proceed with a construction project. It is also intended to ensure that the project plans comply with local standards for land use, zoning and construction. These standards are intended to ensure the safety of current and future owners and occupants. Building permits are documents which specify whether […]
The Law & You: Taxes Applicable To Property Practice In Nigeria
Tax has been defined as “a universal contrivance whereby the government imposes upon its citizens; a compulsory financial levy or contribution for the benefit of society as a whole.” The common public representation or perception that there are no real property or real estate taxes in Nigeria is not correct. Real property transactions in Nigeria […]
The Law & You: Settlement Of Industrial Disputes In Nigeria
An industrial dispute is any dispute or differences between employers and employees or between employers and workers, or between workers and workers, which is connected with the employment or non-employment or the terms of employment and conditions of any person. The Nature Of Industrial Disputes Parties to the dispute: for a dispute to qualify as […]
The Law & You: Collective Bargaining In Nigeria (Part B)
Processes Of Collective Bargaining Much controversy exists over what activities collective bargaining embraces. Depending upon whether one adopts a broad or a narrow point of view, the processes of bargaining variously include: Find Part A here Negotiation of contracts: negotiation of contracts is the most significant factor. It provides the general structure of wages, hours, […]
The Law & You: Collective Bargaining In Nigeria (Part A)
Collective bargaining in Nigeria evolved through government intervention unlike other countries where the concept evolved from the private industrial sector. The term ‘collective bargaining’ is made up of two words; ‘collective’ which means a group action through representation and ‘bargaining’ on the other hand means negotiating and it involves proposal and counter-offers. Thus, collective bargaining […]
The Law & You: Making Maritime Claims In Nigeria (Part B)
Limitation Periods For Making Maritime Claims Admiralty actions do not last forever; rather, they have prescribed limitation periods, which often vary depending on the type of claim. If a claim is not brought within the time prescribed by the relevant law or contract, a party with an otherwise valid claim will generally lose its right […]
The Law & You: Making Maritime Claims In Nigeria (Part A)
Commercial shipping is the business of transporting goods and persons by sea. This article talks about maritime claims arising from maritime disputes in the course of the business of transportation of goods and persons by sea in Nigeria. Maritime claims arise in relation to the ownership, possession, mortgage and general operation of a ship and […]
The Law & You: A Brief On Maritime Law In Nigeria
Maritime Law is the body of legal principles, which govern in particular, marine, commerce and navigation, business transacted at sea or relating to navigation, ships and shipping, seamen, transportation of person and property at sea and to marine affairs generally. Shipping is the process of engaging in commerce through various types of navigable waters. Shipping […]
The Law & You: Tools Of Monetary Management And Control Of Banks
A bank is an establishment authorized by a government to accept deposits, pays interest, clear checks, make loans, act as intermediary in financial transaction, and provide other financial services to its customers. If a nation’s economy were a human body, then its heart would be the central bank. And just as the heart works to […]
The Law & You: Scope And Concept Of Hire-Purchase
Hire purchase system is unknown to customary law. This is not surprising as the goods which normally attract this form of agreement were unknown to customary law, viz. Piano, radios, television sets, sewing machines, etc. The hire purchase devices immigrated into the Nigerian Legal system when the need for secured financing of these consumer goods […]
The Law & You: The Requirements For Patent-ability
The Requirements For Patent-ability A patent is an invention granted by the government to the inventor, giving the inventor the right to stop others, for a limited period, from making, using or selling the invention without their permission. When patent protection is granted the invention becomes the property of the inventor, which like any other […]