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The importance of business agreement and business contract signing are essential elements of genuine and trust worthy business relationship.

An unsigned business agreement can be easily defaulted as their a no written documents or evidence to prove the consensus of the two partners involved.

Below is a conversation between Mr Charles and his prospective business partner, Mr Patrick:

Mr Charles: Following our previous discussion regarding the business partnership we’ll be going into, my lawyer has prepared a contract. I’ll need your signature on this document. (Hands over a document to Mr Patrick)

Mr Patrick: Charles my man! Na wah for you o! But we have already agreed over drinks as gentlemen few days ago, there’s no need for all these formalities.

Mr Charles: But my lawyer advised we have a written agreement to that effect, and i agree with her.

Mr Patrick: O Please, leave all these lawyers. Charles you’ve known me for over 2 (two) years now. Listen, I’m a man of my words and I don’t joke when it comes to business.

Mr Charles: But…


Mr Patrick: Forget… don’t you trust me?…


Dear business owner, when you come across reactions like that of Mr Patrick, it’s without doubt a warning signal that such person has no intention accepting responsibility when it comes to honouring his/her terms of an agreement.

Worst still, a person like Mr Charles would have nothing to hold on to as reference to whatever agreement was made between him and his partner. 
“Handshake agreements”, “Gentleman’s agreements” or any other form of oral agreements are difficult to enforce in law.

So, whenever you come across prospective business partners with opinions like Mr Patrick as regards

Below is a conversation between Mr Charles and his prospective business partner, Mr Patrick:

Mr Charles: Following our previous discussion regarding the business partnership we’ll be going into, my lawyer has prepared a contract. I’ll need your signature on this document. (Hands over a document to Mr Patrick)

Mr Patrick: Charles my man! Na wah for you o! But we have already agreed over drinks as gentlemen few days ago, there’s no need for all these formalities.

Mr Charles: But my lawyer advised we have a written agreement to that effect, and i agree with her.

Mr Patrick: O Please, leave all these lawyers. Charles you’ve known me for over 2 (two) years now. Listen, I’m a man of my words and I don’t joke when it comes to business.

Mr Charles: But…


Mr Patrick: Forget… don’t you trust me?…


Dear business owner, when you come across reactions like that of Mr Patrick, it’s without doubt a warning signal that such person has no intention accepting responsibility when it comes to honouring his/her terms of an agreement.

Worst still, a person like Mr Charles would have nothing to hold on to as reference to whatever agreement was made between him and his partner. 
“Handshake agreements”, “Gentleman’s agreements” or any other form of oral agreements are difficult to enforce in law.

So, whenever you come across prospective business partners with opinions like Mr Patrick as regards written agreements , FLEE 🏃🏾‍♂️ from any form of business transactions you might have with them.

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