Pre-incorporation contract: Validity and enforceability

Summary: The legality of pre-incorporation contracts explored. The laws around such contracts are different than when a company that is incorporated enters into a contract. …

Important clauses of pre-incorporation contracts

1. Corporate name-  Name of the company which is going to be incorporated.
2. Incorporation- The state in which the company is going to be incorporated in the future.
3. Corporate address- The official address of the business which is mentioned in the memorandum of association and article of association is mentioned here.
4. Directors- Names of all the proposed directors must be mentioned here.

Pre incorporation Contract: Its Validity and Enforceability

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Pre Incorporation contract

A pre-incorporation contract is a contract, made between persons other than the subject incorporated company, in connection with the company, before incorporation. 1 Simply put, a …

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23. Pre-Incorporation Transactions

SECTION 1. PREINCORPORATION TRANSACTIONS BY PROMOTERS A promoter is a person who transforms an idea into an enterprise by bringing together persons and assets, and …