Month: February 2019
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Types of Wills and what you need to know about them
There are several types of Wills. A Will is a written or oral testament of how a person wants his property shared upon his demise. It must be voluntary written to be valid without force or undue influence. A testator must also have the capacity to make a Will for such a Will to be…
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Intellectual Property Law – What you should know
Intellectual Property Law deals with areas of one’s intelligence. This area of law protects creative works, artistic works, inventions, etc. Intellectual property law deals more with the intangible works or property of a person. Under Intellectual Property Law, a person gets a unique form of protection for the ownership of his literal works, discoveries, and…
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Capacity to make a Will and its effects
Capacity to make a Will is one of the key conditions necessary for the validity of a will. One’s capacity to make a Will is determined from their legal and mental capacity. Legal Capacity to make a Will Under Common law, the legal and mental capacity of someone to make a Will is referred to…
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Production Sharing Contract in Nigeria – Overview
Production sharing contract (PSC) is simply a contract between a Country or its National Oil Company (NOC) and a Foreign Oil Company (FOC); under this contract the country grants to the FOC the right to conduct Exploration and Production activities in a delimited area and for a limited time. The FOC bears all the costs…
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Advantages of making a Will – 10 benefits
Advantages of making a will are quite numerous. However, we will be looking at some of the benefits and advantages of making a will in detail. A will is a testamentary document made by a testator to guide, direct and control his affairs/properties upon his death. Now let’s look at 10 benefits/advantages of making a…
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Power of Attorney (POA) – Complete guide
Power of attorney (POA) is an instrument of delegation and not an instrument that can transfer interest of a subject-matter of the delegation. A Power of attorney usually involves two parties; called the donor (also referred to as grantor or Principal) and Agent (also referred to as an Attorney in fact or Donee). In some…