103, 2022
Client Alert - Upgrading the rates systems Kwale County [...]
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An assignment agreement transfers one party’s rights under a contract to another party. The party transferring their rights is the assignor; the party receiving them is the assignee. Under an assignment, only the benefits of the contract are transferred whilst the obligations remain with the assignor. Novation is a mechanism where one party transfers all its obligations and rights under a contract to a third party, with the consent of the original counterparty. This standard document has integrated notes with important explanations and drafting tips. -
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A Terms and Conditions agreement is the agreement that includes the terms, the rules and the guidelines of acceptable behaviour and other useful sections to which users must agree in order to use or access your website and mobile app. -
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An assignment agreement transfers one party's rights under a contract to another party. The party transferring their rights is the assignor; the party receiving them is the assignee. Under an assignment, only the benefits of the contract are transferred whilst the obligations remain with the assignor. Novation is a mechanism where one party transfers all its obligations and rights under a contract to a third party, with the consent of the original counterparty. This standard document has integrated notes with important explanations and drafting tips. -
An agency agreement involves a principal and an agent either or both of which can be a person, business or organization. The agent acts on behalf of the principal, and the two parties have a contract agreeing to the same, with a confidentiality agreement contained in the actual agency contract. In this case, the agency contract defines both the terms of the agency agreement and the confidentiality requirements all in one document -
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An Articles of Association (AOA), is a document that specifies the regulations for a company's operations and defines the company's purpose. -
A Business and Assets Transfer Agreement (“BTA”) is structured to give effect to a comprehensive sale of assets of one entity to another entity. It is in a form of a purchase and transfer of ownership agreement wherein details regarding the sale of the business and its assets are captured -
Data Protection and Private Policy Agreement defines who has data and indicates the tools and policies to actually restrict access to the data. This helps ensure that user's privacy requests are carried out by companies, and companies are responsible to take measures to protect private user data. -
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Consulting Agreement is a contractual document that describes a working relationship between a party (the School) and a consultant (teacher) providing that company with their services. The agreement establishes the rights and obligations between the consultant and the company -
This cleaning Services Agreement is often made between a home owner, office manager, realtor, or building management company and an individual or company providing professional cleaning services. The agreement establishes the terms and conditions of the arrangement between the cleaning service and the client. -
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This Circular Board Resolution is a document that allows directors of a company to pass a resolution without a meeting of directors. They are commonly used for non-contentious and routine resolutions that need to be passed between board meetings. Most times it is passed when such approval is urgent in nature and cannot be kept on hold for passing such resolution in the ensuing Board meeting. -
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A standard form charge over shares created by a company in favour of a single corporate lender. This standard document creates a charge over all the shares of a private limited company, together with a charge over all dividends, interest and other rights attaching to those shares. -
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An Annual General Meeting Notice is where the company gives (must) a notice to its members for calling the AGM. The notice should mention the place, the date and day of the meeting, the hour at which the meeting is scheduled, plus a time period for the notice. The notice should also mention the business to be conducted at the AGM. -
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A Deed of Release is a legal document, also known as a deed of settlement, it refers to a legal document that eliminates a claim previously made on an asset. It helps with the documentation of release from a mandatory agreement. The deed may be included when a debtor receives the title of a property from the lender upon satisfactory completion of mortgage payments. The goal of a deed of release is to release the parties from past obligations. -
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A Deed of Release is a legal document, also known as a deed of settlement, it refers to a legal document that eliminates a claim previously made on an asset. It helps with the documentation of release from a mandatory agreement. The deed may be included when a debtor receives the title of a property from the lender upon satisfactory completion of mortgage payments. The goal of a deed of release is to release the parties from past obligations. -
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A Director’s appointment letter is used to appoint a new director and state their duties or what is expected of them, it ensures that responsibilities of the directors are clear, there is certainty regarding fees and expenses, and that all parties know how to resolve any disputes that may arise. -
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A distribution agreement is an agreement whereby a supplier or manufacturer of goods agrees that an independent third party called the distributor will market and sell the goods. The distributor buys the goods on their own account and trades under their own name. Distribution Agreements are of two types, exclusive distribution agreement and a non-exclusive distribution agreement. This template is a standard agreement with respect to the appointment of an exclusive distributor. -
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A distribution Agreement (non-exclusive) - Under this agreement, the supplier grants the distributor the right to distribute products in a particular marketplace. The grant is non-exclusive as the supplier may appoint others to distribute the products in the same marketplace, and may indeed itself act as a distributor within that marketplace. -
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This document is intended to act as a guide in drafting the Architectural Agreements, whereby an architect agrees to provide architectural services for a Company. Under this agreement, the architect is an architect with respect to the company and not an employee of the company. -
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An Employee Stock Ownership Scheme (ESOS) is an employee benefit plan that gives workers ownership interest in the company or a stock program that offers workers a way to acquire a stake in their company. The regulatory requirement is that it must be established by a Trust Deed, this, therefore, is a Trust Deed establishing an ESOS. -
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Limited liability partnerships (LLPs) allow for a partnership structure where each partner's liabilities are limited to the amount they put into the business. This document states the terms, and liabilities in an LLP. -
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Letter of Pledge is a formal or solemn promise or agreement, esp. to do or refrain from doing something. a collateral for the payment of a debt or the performance of an obligation. -
An investment agreement is a contract entered into between a company and an investor. This document sets out the terms and conditions of the investment transaction. It is very important to have an investment agreement because it covers the key terms of the investment. -
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A General Power of Attorney is a broad mandate that gives an agent a lot of power to handle the affairs of a principal. The agent or the person designated to act on behalf of the principal is charged with handling several tasks. -
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A board charter is a policy document that clearly sets out the respective roles, responsibilities and authorities of the board of directors (both individually and collectively) and management in setting the direction, of the management and the control of the organisation. -
This template is applicable in case of sale of goods as defined under the Sale of Goods Act Chapter 31. Section 2 0f the Sale of Goods Act defines goods to include all chattels personal other than things in action and money, and all emblements, industrial growing crops and things attached to or forming part of the land which are agreed to be severed before sale or under the contract of sale. This template does not therefore apply in case of sale of land. -
This template is applicable in case of sale of goods as defined under the Sale of Goods Act Chapter 31. Section 2 0f the Sale of Goods Act defines goods to include all chattels personal other than things in action and money, and all emblements, industrial growing crops and things attached to or forming part of the land which are agreed to be severed before sale or under the contract of sale. This template does not therefore apply in case of sale of land.