Make sure that the purchase price payable on transfer of what you are selling (shares or a business) is fair and reasonable before agreeing to an “Earn-Out”. In today’s topsy turvy times, world events such as pandemics or the acts of despots can affect the value of what you have sold overnight, through no fault of yours.
In South Africa, security over financial instruments is typically established through a pledge, cession in security, or a combination of...
Directors often delegate certain functions and tasks to company employees or rely on the advice of experts. However, under South African...
In South Africa, banking and finance transactions often involve suretyships and guarantees. A guarantor's obligation depends on what the...