A business contract is a legal agreement between two parties that protects you and the other party from unwanted misunderstandings. In the event a business dispute arises, you may be able to rely on the business contract in court. Each business contract will or should have certain terms and conditions, some standard and others very … Read more »
What is it? A Non Circumvention Agreement is a legal agreement between parties that want to prevent the misuse of confidential information that they have shared with each other. A common scenario involves a disclosing party (“Disclosing Party”) providing their confidential customer or supplier list to the receiving party (“Receiving Party”). This kind of agreement … Read more »
It is common sense that your initial business strategy as a startup will be vastly different than when your company is established and trying to grow further. As your company starts expanding, you may be looking towards bigger opportunities and partnerships to increase your reach or diversify your services. Transactions and business deals are an … Read more »
Many companies have a policy that all employees, even seasoned ones need to sign a non-compete agreement. The reason for this is that companies want to protect the resources and time they invested in employees. In other words, companies that ask their employees to sign a non-compete agreement, can be sure that their staff won’t … Read more »
Any business looking to expand or make a strategic move by taking over another complementary business, will have to look into how they will acquire the business. One way of doing so is through a business acquisition. In a business acquisition, an asset purchase is one method that one company can take over another, essentially … Read more »
A Supply and Distribution Agreement is a contract between a distributor of products and a supplier of products that are legally binding. A distribution agreement is generated when a distributor agrees to resell another party’s products (usually the supplier’s who can also be the manufacturer). In other words, suppliers will sell distributors their products to … Read more »
What is it? An amalgamation is a statutory procedure where two or more separate corporations (the “Amalgamating Corporations”), including holding or subsidiary corporations, combine and continue as one corporation (the “Amalgamated Corporation”). The Amalgamated Corporation will have all the assets and liabilities of the amalgamating corporations. Consequently, amalgamations are a heavily utilised tool in mergers … Read more »
Any business or individual taking part in a joint venture knows that such projects do not come without its share of risks. Though joint ventures can start out with the best of intentions and even with a joint venture agreement in place, not all issues can be avoided. Joint venture disputes can be complicated because … Read more »
When your company is merging with another company, or you want to acquire assets from another company or vice versa, or you want to arrange a joint venture, you should not forget the risks of sharing your confidential information and intellectual property with other parties. To protect your confidential documents, ideas and data during the … Read more »
The shares of public companies can be the subject of thousands of stock transactions per day. For shareholders of public companies, the roles of a company’s management group (“Management”), the board of directors (the “Board”) and the shareholders are pretty clear. In general, Management is responsible for the day-to-day operations, the Board is responsible for … Read more »