Justice Lawal-Akapo who delivered the ruling, said there existed a contract between the claimant and the first defendant.
In a certified true copy of the judgment obtained by Daily Trust in Lagos, the judge held that the defendants were in a breach when they went behind, incorporated a company, established the outlet (Shoprite) in 2005 and was running the same without recourse to the claimant, the A.I.C. Limited.
The A.I. C Limited had in the suit No: LD/488/2010 asked the court to among other things declare that, by virtue of the agreement between the claimant and first defendant, the joint venture to be formed by the claimant and first defendant was entitled to exclusively operate and manage 1st defendant’s Shoprite brand in Nigeria and elsewhere in West Africa, except Ghana.
The claimant also sought “A declaration that the incorporation of the second defendant by the first defendant to operate the first defendant’s Shoprite brand in Nigeria is in breach of the agreement” between both parties.
The claimant also asked the court for payment of $2.2million and N13. 6 million as special damages suffered by the claimant as a result of the breach of agreement.
The defendants have appealed against the judgment, praying the appellate court to set aside the judgment of the lower court.
(Daily Trust)
Posts
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We offer majorly two types of advertising:
1. Sponsored Posts: If you are really interested in publishing a sponsored post or a press release, video content, advertorial or any other kind of sponsored post, then you are at the right place.
WHAT KIND OF SPONSORED POSTS DO WE ACCEPT?
Generally, a sponsored post can be any of the following:
Press release
Advertorial
Video content
Article
Interview
This kind of post is usually written to promote you or your business. However, we do prefer posts that naturally flow with the site’s general content. This means we can also promote artists, songs, cosmetic products and things that you love of all products or services.
DURATION & BONUSES
Every sponsored article will remain live on the site as long as this website exists. The duration is indefinite! Again, we will share your post on our social media channels and our email subscribers too will get to read your article. You’re exposing your article to our: Twitter followers, Facebook fans and other social networks.
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Submission of Materials : Sponsored post should be well written in English language and all materials must be delivered via electronic medium. All sponsored posts must be delivered via electronic version, either on disk or e-mail on Microsoft Word unless otherwise noted.
PRICING
The price largely depends on if you’re writing the content or we’re to do that. But if your are writing the content, it is $60 per article.
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Normally, we should respond within 48 hours.