Forms and Validity of a Company’s Contract In Nigeria: A Critical Re-Evaluation

With the rising commercial activities in Nigeria, engaging in contracts with foreign and local companies has become inevitable. Yet so many contracts have been denied upon its breach and many of such contracts remain inadmissible and/or unenforceable as a result of technical deficiencies. There is, therefore, a need to understand in extensio, the valid forms of a company’s contract especially in Nigeria where the Companies & Allied Matters Act of 1990 (CAMA) has heavily regulated on it. This study is a critical appraisal of the valid forms of contract as contained in the Act and as interpreted by case law. A critical analysis of the same is attempted.