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Preincorporation Agreement of Professional Corporation of Attorneys  Form

Preincorporation Agreement of Professional Corporation of Attorneys Form

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hello my name is jingo nelly and today we are going to be looking at another tutorial but before i begin off make sure you subscribe to the channel it will bring you some good luck in your forthcoming exams uh we are having then the pre incorporation contracts and for this we looked at them yesterday like these are contracts entered into by uh the promoters of the company before the company is registered and if i told the promoter makes secret profits without disclosing it to the company he's directly liable so the law stipulates uh such contracts not binding on the company because it's not yet in existence and consequently has no capacity to contract you get so that's why the promoter will be brought into the liability needs of that so and we saw the an exception whereby uh whereby incomplete pre-incorporate car contracts can bring a company into uh the liabilities it's when they adopt them and they erectify rectify and they said that yeah we had to tak

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