Enhancing Legal Certainty: Understanding the Limitations of Memorandum of Understanding (MOU) as a Legal Instrument
Contracts are crucial in the world of business and governance as they define relationships and responsibilities. Among these, the Memorandum of Understanding (“MOU”) often serves as a preliminary document that outlines the terms and conditions of a potential agreement...
Navigating Force Majeure in South African Contracts
Introduction Force majeure is a contract clause that frees both parties from liability or obligation when an extraordinary event or circumstance is beyond the parties’ control. Examples of these events can be a war, strike, riot, crime, plague, or an event...
Terminating a Contract: Rights, Procedures & Aftermath
Introduction Delving into the intricacies of contract termination unveils a unique and powerful recourse available exclusively to the innocent party under specific and exceptional circumstances. Unlike specific performance, the act of terminating a contract is a...
What is a Contract Playbook and Why you Need One!
A contract playbook is a strategic document that serves as a guide or framework for creating, reviewing, and managing contracts within an organisation. It is a dynamic tool that provides a structured approach to contract creation and management, helping organisations...
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