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The Nigerian Blawg

The 1st online legal education platform.

Feb 12, 2013

MAKING CONTRACTS

A contract is a legally binding agreement between two or more people to perform or to refrain from some act now or in the future.
A valid contract must contain the following:
1. An offer
2. An acceptance
3.  Consideration which is the duty either party will be performing.

It is important to note that a contract comes into existence upon acceptance i.e. When the offer has been accepted by the other party.

Feb 2, 2013

MEDIATION; A form of ADR


What is Mediation?
Mediation is a voluntary process in which two or more parties involved in a dispute work with an impartial party, the mediator, to generate solutions in settling their conflict. It is a type of Alternative Dispute Resolution (ADR) but unlike a Court or an arbitrator whose decisions subject one party to win and the other party to lose, mediation is about finding a solution that works for both parties.