What are the types of business contracts you might need drafted for your business over its life time?

Whether you are starting out, or winding down, whether your business is family owned with a niche customer focus or a global company that has a far reaching impact, you need to be making the best and most sound decisions for your business.

Assets in a deceased estate may include interests or shares in a business venture, such as a Close Corporation or Private Company PTY (Ltd), which are also subject to be dealt with by the Executor in the administration of the deceased estate however, this is subject to the provisions of an Association Agreement, the Close Corporations Act in the case of a Close Corporation and the Shareholder’s Agreement (if any) in the case of a private company.

Regardless of the size of your business and whether your business is with family members or family owned, it makes no difference. Business is business. And part of every business lies the necessity for agreements – sale agreements, distribution agreements, employment agreements and even loan agreements. The fact that the agreement may be between you and your brother does not negate the need for the agreement. In fact, it makes it more necessary.

It always has fascinated us how businesses, both large and small, view legal advice and lawyers.