If you have a company with multiple shareholders, it is well worth establishing a Shareholders Agreement to provide guidance to the shareholders when issues arise. For example, do you know what should happen if one shareholder wants to sell their shares? Maybe they no longer want to work in the business? Or maybe there is … Continue reading “Do I need a Shareholders Agreement?”
If your company makes a loan to another company, this should be documented by a Loan Agreement. A Loan Agreement should state the amount of the funds advanced, the interest rate applicable, and how the loan is to be repaid. Where the borrower is a company, the lender will usually want the directors of the … Continue reading “Commercial Loan Agreement”
When it comes to business matters and contract law, a question we are often asked is: are verbal agreements legally binding? What is a verbal agreement? A contract is an agreement between two parties that is intended to be enforceable by law. Verbal agreements are contracts that have been agreed by spoken communication. In contrast, … Continue reading “Is a Verbal Agreement Legally Binding?”
