Understanding Juristic Personality: The Legal Concept Explained
Welcome to our comprehensive guide on understanding juristic personality in [...]
The Impact of Restraint of Trade Clauses on South African Businesses
Are restraint of trade clauses affecting South African businesses? In [...]
Registering Beneficial Owners and its Implication for Companies
The South African Companies Act is the primary legislation governing [...]
The Importance of Intellectual Property in the Digital Age
The Importance of Intellectual Property in the Digital Age In [...]
Legal Requirements for Starting a Business in South Africa
Starting a business can be exciting, but it also comes [...]
What is compliance, and why is it important for businesses?
In today's business world, compliance is more important than ever [...]
Piercing the corporate veil
One of the cornerstones of conducting business and other affairs through a company is the firmly entrenched principle of separate legal personality. Separate legal personality means that the rights and obligations of a company are completely separate from those of its incorporators, shareholders and directors.
The advantages and risks of entering into a pre-incorporation contract
For various reasons, many legal agreements are entered into by a juristic entity, as opposed to a contracting party in their personal capacity (e.g. for the benefit of perpetual succession, separate legal personality, etc.). Many agreements are therefore entered into with at least one, or more juristic entities as party/ies to an agreement, either with an existing entity, or with an entity registered specifically for the purpose of entering into the agreement in question.