Contractual agreements – A practical guide

What is the best way to enter into an agreement for the supply of services/goods?

A written agreement specifying the terms of trade should be exchanged between the parties.

Usually parties enter into business dealings in good faith, expecting the best of the other party in anticipation that all will benefit or profit from their new business venture. Continue reading

Debt recovery – A practical guide

HOW DO YOU RECOVER A DEBT THAT REMAINS OUTSTANDING PAST THE SPECIFIED TERMS/DATE OF PAYMENT?

Each customer will respond in a different way to phone calls, demands, legal proceedings, entry of Court judgments and enforcement of judgments, which may be by way of bankruptcy proceedings on an individual, or liquidation/winding up proceedings on a company debtor. Continue reading

Shareholder agreements – A practical guide

Shareholders of a small private company usually rely on their personal relationships with each other to manage the business.

Death, disability or the bankruptcy of one of the shareholders could require a transfer of the shareholder’s stock to existing shareholders, as opposed to the deceased shareholder’s beneficiaries inheriting those shares. Continue reading