Back in the 1970’s a court formulated an often used definition of a franchise agreement. It said that the term franchise agreement refers to those chain style operations in which the owner of a national brand product or service sub-contracts to permit a local dealer or person to use his brand name and agrees [...]
Statistically, a very small percentage of South African adults are involved in starting a business in their lifetime. An even smaller percentage runs an established business (being a business older than three years). This makes the entrepreneur part of a very small, but economically important minority. Undoubtedly, this situation can be ascribed to the [...]
Like death and taxes, it is one of life’s certainties that debtors will default on credit repayments. The most common way to minimize this financial risk is to have debtors sign personal sureties – holding them liable should their companies indeed default. But how sure are you that your surety will hold up?
At the end [...]
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