About this Document:
After the Company is registered, the promoters bring about an agreement between the Company and the promoters adopting the preliminary formation agreement between them so as to bind the Company;
The promoters have to enter into a preliminary agreement like this one to safeguard their interest after the registration of the Company;
The details have been provided in the explanatory notes that accompany the document.
Who will use this document?
· Post formation and registration of the Company, the Promoters (formerly partners); and/or
· Persons who took over the existing partnership business to run as a Limited Company as promoters, who now seek to safeguard their interests as promoters;
Key features:
· Real law in plain and simple user friendly language;
· Detailed explanatory notes make it easier to understand the legalities involved;
· Appropriate legal provisions, warranties and exclusions;
· Addresses all eventualities post formation of a Company; and
· Protects the interests of all the parties.
This document includes provisions for:
· Object of agreement;
· Terms of agreement;
· Dispute Resolution;
· Jurisdiction.
