Document background
A Waiver And Quitclaim agreement is a crucial legal instrument in Nigerian business and property transactions, used when there is a need to formally relinquish rights or potential claims to property or other interests. This document type is particularly relevant in situations involving property disputes, family settlements, corporate restructuring, or clearing title defects. Under Nigerian law, these agreements must comply with the Land Use Act, relevant state property laws, and federal contract law requirements. The document typically includes detailed descriptions of the rights being waived, representations about title or claims, and specific provisions for registration with relevant authorities where required. It's commonly used in real estate transactions, business settlements, and family property arrangements to prevent future disputes and ensure clear title transfer.
