A client approached Build with Care Limited for the construction of a Luxury 5-Bedroom Duplex for ₦68,000 on the client’s land. The client will pay a mobilisation amount of ₦30,000. This will be followed by other payments of ₦28,000 three months after the mobilisation fee and ₦3,200 five months after, respectively. A retention fee of 10 percent will be held by the client four months after the Luxury 5-Bedroom Duplex is delivered or transferred to the client. Both parties signed the contract in the presence of their respective lawyers. Build with Care Limited is expected to deliver the Duplex in 10 months.
Can you think of any rights and obligations arising from the contract agreement?
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