Legal

MEMORANDUM OF INCORPORATION (MOI)

MEMORANDUM OF INCORPORATION (MOI)

Once a company is registered, an MOI is prepared which will govern the company. A memorandum of incorporation is a document that sets out the rights, duties and responsibilities of shareholders, directors and others within the company. The primary purpose of the MOI is to protect the interests of shareholders in the company. The MOI more…

THE FINICKY BUSINESS OF CONTRACTS

THE FINICKY BUSINESS OF CONTRACTS

All business people conclude contracts, whether in terms of a formal written contract or a “gentleman’s handshake”. Business people often also wish to cancel contracts when the other party acts in breach of its contractual obligations. It is important as a business person to know what constitutes a contract. A contract is a legal binding more…

Employment Contracts

Employment Contracts

The employment contract is a reciprocal agreement whereby the employee, makes their services available to the employer for a predetermined amount or an amount that can be determined and the employer has authority over the way and time the employee provides these services. The labour legislation does not state the requirement that the employer and more…

Preliminary Agreements: The Agreement that is no Agreement

Preliminary Agreements: The Agreement that is no Agreement

In the business world one often encounters various legal documents and often people tend to avoid the legal expenses associated with the drafting of such agreements and turn to Google to download legal templates ranging from employment agreements to more important documents like joint ventures and shareholders agreements. Downloading templates from the internet works in more…

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