REGISTERING OF COMPANIES AND CLOSE CORPORATIONS
The registration of a Company is done in accordance with section 14 of the Companies Act 71 of 2008. Upon acceptance of the notice of incorporation, the Company and Intellectual Property Commission (CIPC) assigns a unique registration number to the company.
Once all of the formalities as prescribed in section 14 of the Companies Act have been complied with, the Commission will issue and deliver a registration certificate to the Company. This registration certificate is conclusive evidence that all of the requirements for incorporation have been complied with and that the Company is incorporated from the stated on that certificate.
ASSOCIATION AGREEMENTS
An agreement entered into by all of the members of a Close Corporation, which determines the rights and obligations between members, in the same way a partnership agreement determines the rights and duties of partners in a partnership.
COMMERCIAL AND TRADE AGREEMENTS
An agreement entered into by parties in the same trade detailing the setting out the rights and duties of the parties and the purpose of the agreement and the terms and conditions to which that agreement will be bound.
AGREEMENTS OF SALE
A contract in which two parties (a buyer and a seller) consent to the sale of some property. The agreement of sale usually contains a description of the property being sold, the price, the terms, and other relevant details. This term is used most commonly in the sale of Property, but it may apply correctly to any sale involving a written document detailing a transaction.
LEASE AGREEMENTS
A contractual arrangement between two or more parties whereby the lessee (user) agrees to pay the lessor (the owner) for use of an asset. This generally relates to immovable property i.e. Commercial Buildings/ Houses etc.
PARTNERSHIP AGREEMENTS
An agreement entered into by partners in a partnership, which determines the rights and duties of the partners.
SHAREHOLDERS AGREEMENTS
The shareholders of a company may enter into any agreement with one another concerning any matter relating to the Company. However, such agreement must be consistent with the Companies Act 71 of 2008 and with the company’s memorandum of incorporation.
SEQUESTRATIONS
A formal procedure where the estate of an insolvent debtor, who is an natural person, partnership or Trust is liquidated and the proceeds of the liquidation are used to pay its debts.
LIQUIDATIONS
The procedure during which the assets of a company that is often, but not necessarily, insolvent are liquidated so that the proceeds may be distributed to the creditors and/ or the shareholders, whereafter the entities existence is terminated.
COLLECTIONS
The recovery of money that is owed on overdue accounts
ANTE NUPTIAL CONTRACTS
A formal contract that this concluded before the intending spouses before marriage with the view of regulating any aspect of the marriage and which is executed before a notary and registered with the Deeds Office
TRUSTS
An arrangement in terms of which assets are held by trustees and administered for the benefit of the trust beneficiaries.
WILLS
A will is the legal instrument that permits a person, the testator, to make decisions on how his estate will be managed and distributed after his death.
EMPLOYMENT CONTRACTS
A voluntary agreement between two parties in terms of which the Employee places is labour potential at the disposal and under the control of the Employer in exchange for some kind of remuneration by the employer.
EMPLOYMENT EQUITY
Is the centerpiece in the process of implementing affirmative action in the workplace.
LABOUR DISPUTES
A disagreement between an employer and its employees concerning the terms or conditions of employment, or concerning the association or representation of those who negotiate or seek to negotiate the terms or conditions of employment.