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The Academic Festival Begins on Monday (Sept 12) – Final Call to Register for Tekedia Mini-MBA

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Do not miss this academic knowledge festival which begins at 12 noon WAT on Monday, Sept 12 2022 . The knowledge of a people is the wealth of a people. Tekedia Institute is the temple for the mastery of the mechanics of entrepreneurial capitalism. Register today and join us.

We have got many NEW courses developed by business executives from companies you admire. Go into the future of markets with them. Be a Champion. Be an Innovator. Ascend into that New leadership position. We have got the tools to help you. But you need to come to the festival.

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Intention to create legal relations as a factor for a binding contract

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When entering into that agreement or making a promise, do you have the plan that if the other party fails to honor the agreement or fails to keep to the promise you will go to court to ask the court to force the other party to honor the promise?

If the answer is yes, then there is the presence of what is called “the intention to create legal relations” in that agreement but the court will not just take your word for it; the court will apply the reasonable man’s test in determining if really there was an intention to create legal relation in the contract, if the court finds out that there was no initial intention to create legal relation then the case will be thrown out because the court lacks the jurisdiction to entertain such a case. 

The intention to create legal relations is one of the essential elements of a valid contract. It is an important factor that validates a contract and makes a contract legally binding alongside other ingredients of a valid contract like offer, acceptance, and consideration.

The requirement of intention to create legal relations in contract law is aimed at sifting out cases that are not really appropriate for court action because not every agreement leads to a legally binding contract that can be enforced through the courts and when an agreement is legally non binding then the court has no jurisdiction over such agreement.

When parties in a contract had no initial wish or interest to create a legally binding contract that could be enforced in court the court will honor that wish and demand that they settle out of court when there is a breach. 

When you have proven that there is a valid offer, the offer was accepted and there is a suitable consideration, the next thing the court looks after is “whether the parties while making the contract had the intention to use the court to enforce the contract In case there is a breach”? If the answer is no then the court has no jurisdiction over the contract. 

To determine which agreements are legally binding and have an intention to create legal relations, the law distinguishes between social and domestic agreements/promises from agreements or promises made in a commercial context in the strict sense of it. 

It can be seen that the intention to create legal relations, therefore, seeks to keep agreements between family and friends (domestic and social contracts) outside the purview of the court’s jurisdiction. When family members or friends enter into a contract, the court has no jurisdiction to enforce that such contract because of the absence of the critical legal factor called intention to create legal relations. 

In social and domestic agreements there is a general presumption that the parties do not intend to create legal relations in the contract.  For instance, Siblings who entered into the agreement to do the dishes or do house cleaning on the “turn by turn” bases obvious have no intention to enforce that contract in court if one of the siblings fails to keep to the agreement, the other sibling cannot go to court and ask the court to enforce such agreement. The siblings only have the moral duty/obligation to honor that promise but that moral duty does not transcend to legal duty and the court has no jurisdiction over contracts of such nature. Also, if a husband promises to buy the wife a car, the wife cannot go to court and seek the court to enforce such a promise because there was no intention to create legal relations while making such a promise by the husband. More so, two friends who have agreed and promised each other to meet in a lounge also have the moral duty to honor that promise and obviously have no intent to drag each other to court over the breach of that promise. 

The general rule is that if there is no intention to create legal relations then there will be no legally binding agreement/contract. This general rule is just a rebuttable presumption and this presumption can be rebutted when the agreement between friends is written down and signed by both parties and in the presence of a witness or the contract,  although between friends or family members is of a commercial context. 

Dr. Yasam Ayavefe Shares Insight into the Urban Revolution of Tourism, its Diverse Models, and the Effects

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Tourism is one of the most important elements of urbanization. It goes through two revolutions that are not sufficiently emphasized by urban studies.

The first corresponds to the emergence of tourist resorts between 1800 and 1914. The second one is about the transformation of the urbanity of cities since the second half of the 20th century.

This is a double urban tourism revolution fueling the urbanization process of societies. This proposal is an element of the tourism phenomenon, not a simple functional activity stuck in the support of urban organization. Taking it as a vector of affirmation, it is part of an attempt to renew the analysis of the urban world through the prism of the tourist phenomenon.

Tourism not only has the same essence as the definition of the contemporary city. At the same time, different associations between tourism and urbanity create urban places of different quality.

What is at issue here is to take an additional step by establishing a processual reflection from the tourist base to the city.

The urban world as we know it is something new. Its establishment was so rapid that some authors have evoked an urban revolution.

This can be described, for example, as this expression of the urban revolution, the sudden emergence of the city, the dominant and almost privileged mode of spatial organization of societies.

Multiple analyzes often emphasize the solid industrial origins of this urban revolution. For example, it is the third urban revolution that marked this emergence of the modern industrial metropolis by presenting the analysis as an urban-industrial capitalism.

In general, urban research has considered both a cause (industry) and a consequence (urban sprawl) of urbanization. However, the reality is more complex than that.

The perspective we want to develop here is tourism’s dominance in what we call the double urban revolution, and it splits into two levels:

– From a quantitative (the emergence of a significant number of new urban places) and qualitative (with other cities) perspectives, tourism takes place as a historical element of the urbanization of the world, with the emergence of urban places outside the cities.

– Tourism as a contemporary element of the existing urbanity of places that are cities: cities will be built around logics based specifically on the field of recreation. 

Observing the Urban Revolution

It is necessary to grasp the different contributions of tourism in the production of urban spaces and to understand these successive urban revolutions produced by tourism. Here we propose an enriched definition of urbanity on the one hand, and a complex reflection of urbanity on the other.

Urban Diversity

We can reconstruct the definition of the city, this is how this new concept takes shape. The word urban should be distinguished from the city.

The city differs from the city precisely because it emerged and manifested itself during the city’s boom. But it makes it possible to rethink and even understand some aspects of it that have not been noticed for a long time.

Therefore, it is important to take as a starting point the idea that the city no longer expresses the urban phenomenon in isolation.

What can be called urbanity has certainly emerged in cities. But it’s essential features have become widespread and can now be described elsewhere.

The city should be taken as one of the specific features of today’s space, among many other genres. The concept of urbanity, then, enables us to appreciate the urban dimension of a place, that is, the organization of social objects within a given situation.

First of all, it can be argued that urbanism arises from the confluence of the density and diversity of social objects in space.

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These first two elements seem essential to determine the urban character of a place. However, this is not enough.

In fact, the capacity for polarization and centrality, defined as extreme importance, have gained importance. In particular, the location of services also plays a role in the fabric of urbanity through accessibility and symbolic centrality.

Finally, it is the quality of the public space that is defined as a place of anonymity. At the same time, the place of surveillance and confrontation is one of the elements that distinguishes big cities from small towns, tourist resorts from urban planning for the beautification of residential areas.

Since the connection between density, diversity, centrality and public space is at the heart of the definition of urbanity, we can formulate the thesis of the existence of a series of multiple combinations of these four basic elements.

The term urbanity constructed in this way makes it possible to distinguish both between the centre, the suburbs, and the periphery of cities.

It also makes it possible to distinguish degrees of urbanity between different types of cities. Every place, regardless of scale, can be evaluated according to its urban quality.

Based on these four attributes, this approach allows a systematic reading of the urban dimension of a place. However, it is not entirely satisfactory to understand all its complexity. Because one of the dimensions is missing.

In fact, urbanity is not simply a matter of the density and diversity of social realities present in one place.

More fundamentally, it is a matter of how individuals deal with these elements, how they structure them, how they organize infrastructures and make them effective.

Dr. Ya?am Ayavefe 

Click the below links to view Dr. Yasam Ayavefe’s projects:

https://greenclimate.io/

Yasam Ayavefe

Milaya Capital

Big Eyes Coin – The Upcoming Meme Coin Coming For Cryptocurrency Industry Leaders Avalanche and Polygon

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In the midst of the harsh realities of the bear market, one crypto project has become the source of hope and excitement for all within the cryptocurrency industry. Big Eyes Coin (BIG), the industry’s latest meme coin, is using cuteness to win over major players in the crypto space.

With an ample supply and an exciting road map, this upcoming meme coin has managed to amass a large following of enthusiasts who believe the coin has what it takes to become an industry beater in the not-too-distant future.

Big Eyes Coin (BIG) provides utility and other functions to the Big Eyes project and is essential to its operation and ecosystem. There seems to be a high amount of expectation from the token, which is already in its presale stage.

The belief in Big Eyes Coin’s success is so high that it is already garnering comparisons to industry leaders such as Avalanche (AVAX) and Polygon (MATIC). Some within the industry even believe the token has the potential to surpass these two altcoins.

To that effect, this piece examines what the Big Eyes Coin (BIG) is all about, what to expect and how it compares to Avalanche (AVAX) and Polygon (MATIC).

Avalanche (AVAX) – Can This Speed Continue As Users Rise?

Avalanche (AVAX) is a notable blockchain network that functions as an ideal environment for Decentralized Applications (dApps) and custom blockchain networks. Avalanche (AVAX) can achieve a higher transaction output of up to 6,500 transactions per second (tps) without compromising scalability. This level of speed and performance puts Avalanche (AVAX) among a select group of blockchain networks with the capacity to challenge Ethereum (ETH).

Avalanche (AVAX) consists of three built-in blockchains which serve distinct purposes. The Exchange Chain (X-Chain) enables sending and receiving funds on the Avalanche network. Others include the Performance Chain (P-Chain) and Contract Chain (C-Chain).

AVAX, its native cryptocurrency, plays an integral role in its operations, facilitating several functions such as transactions, network governance and staking. AVAX is available on several crypto platforms, including Binance, Bitfinex, Gate.io and Kucoin.

Polygon (MATIC) – Making Ethereum An Affordable Blockchain

Polygon (MATIC) is the cryptocurrency industry’s first well-structured, easy-to-use Ethereum (ETH) scaling and infrastructure development platform. Polygon (MATIC) effectively transforms Ethereum (ETH) into a full-fledged multi-chain system (aka Internet of Blockchains) similar to other ones such as Polkadot (DOT) and Cosmos (ATOM).

Like many other blockchain-based platforms, Polygon (MATIC) seeks to stimulate the mass adoption of crypto by resolving the many problems within the industry, such as scalability.

Its native cryptocurrency, MATIC, is an ERC-20 token running on the Ethereum (ETH) blockchain. MATIC facilitates payment services on Polygon and as a settlement currency between users who operate within the Polygon ecosystem.

As a top 20 cryptocurrency by market cap, MATIC is available on several top crypto platforms within the industry, such as Binance, Coinbase Pro, Huobi Global, FTX and Kucoin.

Big Eyes Coin (BIG) – The Memes Cannot Be Stopped

Big Eyes Coin (BIG) stands at the heart of the upcoming Big Eyes project. The token plays an integral role in the operations and ecosystem of Big Eyes, facilitating several functions from network governance to utility and community development.

A meme coin, in essence, Big Eyes Coin (BIG), has received huge plaudits from crypto analysts over the last few weeks and is dubbed the next big coin out of the cryptocurrency industry.

Big Eyes Coin (BIG) is currently on presale and is available for purchase. Find out more about the token and its presale here. 

Presale: https://buy.bigeyes.space/?section=buy

Website: https://bigeyes.space/ 

Telegram: https://t.me/BIGEYESOFFICIAL 

Propivex And Tron Transforming Blockchain Technology Amid The Crypto Winter

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The development of blockchain technology has altered how people see financial services and everyday interactions. The main motivation for centralised banking practices and financial organisations was profit. The weak security of these systems made it impossible to guarantee the security of assets and funds.

With the mass use of blockchain technology, many of the problems that centralised financial institutions had in serving their consumers quickly became outdated. Financial institutions were starting to come across as naive, and each new cryptocurrency introduced made the flaws in their system even more obvious. Those new cryptocurrencies include Tron (TRX) and Propivex (PPX), both of which we will be considering and understanding their impact on blockchain technology.

Tron (TRX)

Using TRX as its coin, Tron is a blockchain-based initiative. The platform is a decentralised file-sharing and entertainment network using TRX as its native token. The TRON Foundation, a non-profit organisation with headquarters in Singapore, launched Tron in 2017 to build a global entertainment network with accessible digital material.

 

The storage, core, and application layers make up the three levels of the TRON architecture. The TRON core layer comprises several modules, including smart contracts, account management, and consensus, which all contribute to the blockchain’s development potential, according to the project’s whitepaper. The TRX coin has witnessed favourable returns along with the development of the Tron ecosystem, making it a formidable rival for long-term benefits.

Propivex (PPX)

Proprivex (PPX) is a currency as well as a digital asset. It is used as a trading and portfolio management tool that aims to assist customers in managing their different portfolios from a single platform. Traditional financial assets are subject to certain restrictions and are treated differently from crypto assets. The dangers, volatility, security issues, and markets are all unique.

The framework used by Proprivex is Avalanche, which is incredibly light, quick, and effective. By charging low and reasonable transaction fees, Proprivex can maintain its carbon neutrality regardless of the volume of transactions. Proprivex’s interoperability position has improved as a result of Avalanche’s recent ranking as one of the blockchains with the quickest growth and greatest adoption rates, not to mention its cross-chain compatibility.

Market and trade analysis may be more difficult for novice and experienced traders since they may be engaged with their day jobs or other pursuits. The ecosystem of Proprivex is connected with the most recent AI and machine learning technologies and algorithms to ensure that users receive daily market analyses and reports.

The Proprivex security protocol will combine the newest technology with the smallest possible hacking footprint and be developed using the finest available techniques in the crypto platforms. The pyramid standard for safer base code modifications will be used to create smart contracts, which Certik will audit.

The source code will be made available on GitHub for developers to search for defects, helping to ensure that bugs are fixed practically as soon as they are discovered. Successful bug fixes will be acknowledged with the Proprivex official token. Stage one and two of the presale offer an 8% and 6% bonus on each purchase respectively.

Final Thoughts

The face of blockchain technology is changing forever, TRX and PPX are set to do amazing things in the future and push decentralised finance a step further. You should join the ride and not be left out.

Presale: http://prop.proprivex.io/

Website: http://proprivex.io/

Telegram: https://t.me/ProprivexTokenOfficial