November 2023
Understanding the Key Elements of a Charter Party Agreement in Nigeria
Understanding the key elements of a charter party agreement in Nigeria is not only crucial but fundamental for participants in the dynamic maritime industry. As a pivotal legal document, a charter party agreement outlines the terms and conditions governing the contractual relationship between the vessel owner and the charterer. In the context of Nigeria, a nation with a substantial maritime sector, these agreements play an integral role in facilitating the transportation of goods and passengers. […]
A Guide to Third-Party Motor Insurance in Nigeria
When involved in an accident, many individuals tend to cover the expense of repairs from their own pocket, despite having insurance coverage. While this is a common practice, it is incorrect, a big mistake and one that primarily benefits insurance companies. Introduction: As a first step, let us provide you with a brief overview of third-party motor vehicle insurance in Nigeria. Third-party motor insurance is a type of insurance policy that covers the policyholder against […]
REAL ESTATE AND PROPERTY LAW IN NIGERIA
By Vanessa Irenuma Real estate and property law in Nigeria encompasses the legal framework and regulations governing the acquisition, use, ownership, and transfer of real property within the country. It plays a crucial role in ensuring the security of property rights, promoting land development, and resolving disputes related to real estate. Here’s an overview of key aspects of real estate and property law in Nigeria: 1. Land Tenure System: a. Customary Land Tenure: Nigeria […]
THE PRINCIPLE OF UTMOST GOOD FAITH
By Vanessa Irenuma The principle of utmost good faith, often referred to as uberrimae fidei, is a fundamental and longstanding concept in the insurance industry. It embodies the idea that both the insurer (the insurance company) and the insured (the policyholder) must act honestly and in good faith when entering into an insurance contract. This principle serves as the bedrock of insurance agreements, shaping the relationship between the two parties. This doctrine of utmost good […]
PROFESSIONAL NEGLIGENCE-MEDICAL MALPRACTICE
By Vanessa Irenuma Professional negligence, also known as professional malpractice or professional misconduct, refers to the failure of a professional to perform their duties or provide services to a standard expected within their profession, resulting in harm or loss to their client or a third party. In Nigeria, professional negligence can occur in various fields, including medicine, law, engineering, accounting, and more. Legal remedies for professional negligence in Nigeria typically involve civil actions seeking compensation […]