What are Articles of Association
The Articles of Association, often referred to as “articles”, are an obligatory certificate that must be acquired by any business entity that wishes to legally conduct business. This document is a certificate that represents the rules and regulations of the company in a detailed…
What are Standard Terms and Conditions
Any business entity that sells goods and offers services is required to establish standard terms and conditions of their sales in order to protect their liabilities and rights. By establishing standard terms and conditions, companies are able to reduce the number of disputes charged…
What is a consultancy agreement
A consultancy agreement is a type of legal document that enables all parties involved in a venture to be clear of what the agreement entails. These agreements tend to be either short-term or long-term therefore it is essential that the time period of the agreement is detailed within this…
What is a partnership agreement
A partnership agreement is a document prepared by two or more parties that agree to enter into a partnership by combining their capital, labor and resources. The parties mentioned in the agreement are required to abide by the outlined clauses, which usually include the sharing of profits and…
What is a confirmation of verbal agreement
The confirmation of verbal agreement is a type of legal document that indicates that the said agreement between parties is in place and must be followed by all those who are included in it. The agreement is based on a previous verbal agreement therefore it serves as a formality between…
What is a joint venture agreement
A joint venture agreement is a type of business agreement in which two or more parties mutually agree to develop a new entity, or work towards the same business goal, by combining their resources. This type of business agreement is…
What is an agency agreement
When forming a company there are various legal documents that are prepared to ensure that the company is run in accordance with the jurisdictional regulations. One of the documents that is likely to be prepared is the agency agreement; this is a legal contract that uses agent(s) in order to promote the company’s…
What is a Memorandum of Understanding
A Memorandum of Understanding is a document that details a bilateral or multilateral agreement between parties involved. Depending on the terminology used in the Memorandum of Understanding, the document can have the power of a binding contract. There are a number of legal…
What is a shareholder agreement
A shareholders agreement is a legal document that demonstrates an agreement amongst the shareholders as well as between the shareholders and the company. The relationship between the shareholders and the company is detailed in the constitutional documents which are the Memorandum and Articles of Association however the shareholders agreement…
What is a power of attorney
A power of attorney (POA) is a legal written agreement that enables a person to transfer their authority to another person/persons thus making them the Attorney in Fact. The person that passes on their authority are often referred to as…
