KMG Legal Corporate Division manages a full range of corporate and commercial matters which inter alia include the following our firm have business and commercial lawyers experienced in all forms of commercial agreements and contracts. Our team of best corporate lawyers who have the skills to draft these documents, or to advise you on same and negotiate terms favorable to you or suggest amendments to ensure the entire agreement of the parties, including when things don’t go to plan, is correctly documented. A well thought out and drafted business agreement will minimize disputes and uncertainties as to each party’s obligations under the agreement.
Our lawyers have experience in preparing and advising on many forms of commercial agreements and contracts including :
• Contracts for the sale or purchase of a business
• Commercial Leases & Assignment of Leases
• License & Franchise Agreements
• Partnership Agreements
• Option to purchase land (including commercial property and developments sites)
• Contract for sale/purchase of land (including commercial property and developments sites)
• Joint Venture Agreements
• Shareholder Agreements
• Deeds of Settlement
• Powers of Attorney
• General Business & Commercial Agreements, Contracts and Deeds
• Deeds of Acknowledgement of Debt
• Payment by instalments
• Terms and Conditions of Trade
• Mortgages
• Caveats
• Capital Market and Securities
• Corporate and Commercial Contracts
• Corporate Restructuring
• Corporate Due Diligence
• Franchising and Retail
• Incorporation of Companies and other legal entities
• Private Equity and Venture Capital Fund
• Regulatory Compliances
Our firm provides day to day consultancy for any type of corporate matters as we also provide legal advice for litigation in corporate sectors.
Corporate law is a branch of law that governs the formation, operation, and dissolution of corporations. It establishes the legal framework for how corporations interact with their shareholders, directors, officers, employees, and the public.
Key Principles:
• Separate Legal Entity: Corporations are considered separate legal entities from their owners (shareholders). This means they can own property, enter into contracts, and be sued in their own name.
• Limited Liability: Shareholders' liability is limited to the amount they invest in the corporation. This protects them from personal liability for the corporation's debts or obligations.
• Board of Directors: The board of directors is responsible for managing the corporation and making key decisions. Directors owe a fiduciary duty to the corporation and its shareholders.
• Shareholder Rights: Shareholders have certain rights, such as voting on important matters, receiving dividends, and inspecting corporate records.
Types of Corporations:
• Public Corporation: A corporation whose shares are publicly traded on a stock exchange.
• Private Corporation: A corporation whose shares are not publicly traded and are held by a small group of investors.
• Close Corporation: A small, privately held corporation with a limited number of shareholders.
• Nonprofit Corporation: A corporation formed for a charitable or educational purpose that does not distribute profits to shareholders.
Key Concepts:
• Articles of Incorporation: The document that establishes the corporation and defines its purpose, structure, and powers.
• Bylaws: The rules that govern the corporation's internal operations.
• Shares of Stock: Ownership interests in the corporation that entitle shareholders to vote and receive dividends.
• Fiduciary Duty: The duty of directors and officers to act in the best interests of the corporation and its shareholders.
• Mergers and Acquisitions: Transactions in which one corporation combines with or acquires another.
Enforcement:
Corporate law is enforced through a combination of:
• Statutory Provisions: Laws passed by state legislatures and the federal government.
• Common Law: Court decisions that establish legal principles.
• Regulatory Agencies: Government agencies, such as the Securities and Exchange Commission (SEC), that oversee corporations.
Importance:
Corporate law is essential for:
• Protecting investors and shareholders
• Ensuring the fair and efficient operation of corporations
• Promoting economic growth and innovation
• Providing a framework for complex business transactions