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From category archives: Legal Articles

Business, Contracts & Commercial Law

COVID19 - Cancelling a Commercial Lease

We can only benefit from the law if we understand what our rights and obligations are.

COVID19 has had a major impact on commercial leases. Both tenants and landlords are living in uncertain times and our law needs to protect and ensure that relief exists for both parties.

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Brief Insights into the Issues COVID-19 Presents

On the 15th March, President Cyril Ramaphosa declared the Corona Virus Pandemic a National State of Disaster in South Africa.

It is no secret that the virus has brought about tremendous challenges in all sectors, including the legal field. 

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The Importance of Commercial Agreements

Commercial agreements are legally binding contracts between parties where one or both are either required to do something in terms of the contract or to refrain from doing something.

These agreements can either take the form of being verbal, in writing, or implied. In many instances, agreements contain warranties which should be reviewed by a lawyer beforehand in order to limit the damages between parties should one of them want to opt out.

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Is Your Business Legally Compliant?

Compliance refers to a company obeying all of the legal laws and regulations regarding how they manage the business, their staff, and their treatment towards their consumers. The point of compliance is to make sure that corporations act responsibly.

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How to Register a New Company

The basic steps to register a company under the Companies Act of 2008 at the Companies and Intellectual Property Commission (CIPC) involves certain forms and supporting documentation that must be lodged and the accompanied fees paid.

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How to Rescue Your Business

Business Rescue is an approach that is governed by the Companies Act 71 of 2008 (“the new Companies Act”) with the aim of assisting companies which are experiencing financial strain and are unable to pay their creditors in the ordinary course of business. 

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Did Your Child Use Your Credit Card Online?

Perhaps, you left your credit card lying around and your child thought it was a good idea to use it for online games. You’ve lost a lot of money as a result, so you’ve decided to cancel the online contracts. Are the contracts entered online by minors, using their parents’ credit cards, legally binding?

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What's the Buzz About Business Rescue?

If a company/close corporation is in financial trouble and all possible avenues to save the business have been exhausted, there is one last option available to save the business: it can lodge an application for business rescue at the CIPC. In order to qualify for business rescue proceedings, the business must satisfy the requirements as set out in the next paragraph.
 

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