Business Wills and the Business of Succession Plans

Succession planning is often regarded as something that only large businesses do. However, it’s even more critical for small business owners to have a plan – as death or disability in a small or family-run business would, undoubtedly, spell the end for that...

The Principles of Restraint of Trade

As a general rule, every individual has a right to choose their trade, occupation and profession freely and this right is enshrined in Section 22 of the Constitution of the Republic of South Africa. However, there are limits to enjoying this right.  In this...

Principles of non-cancellable agreements

Is it possible to have an agreement that is “non-cancellable” and contains no cancellation clause and no “termination for convenience (without cause)” clause? On the face of it, one would think that such an agreement is unreasonable and against public policy because,...

Business Due Diligence Explained

Whether you’re buying another company, selling off a division of your company or entering a new alliance, transactions have become increasingly multi-faceted. Regardless of whether the deal is structured as an asset transaction, a stock transaction, or a merger, make...

THE VOETSOOTS CLAUSE

What defects are covered by the voetstoots clause?  Noluthando Ndala | Candidate Attorney | Barnard Inc. A voetstoots clause is often associated with a ‘tough tekkies’ attitude when it comes to defects in -second-hand products bought and sold. The South African...