Share
1,019 Posts.
lightbulb Created with Sketch. 206
clock Created with Sketch. 17/08/21
22:22
Share
Originally posted by variouscoffee:
↑
Legal documents can be signed before an entity comes into existence by stipulating that they become enforceable upon the entity (or one that is identifiable as the intended entity) being incorporated. This is done by making those individuals signing on behalf of the non-existant entity liable for non-performance. As the individuals are acting as agents for their respective companies in forming the contract and new entity, the companies they are agents for have that liability. Thus, contracts can easily be signed prior to incorporation and is not a complicated affair or require anything special.
Expand
Would you envision this to occur once the Term Sheet is signed or after the JV docs are finalised? any thoughts on the time to finalise JV docs once the term sheet is signed?
