What Is The Pre-incorporation Contract? A pre-incorporation contract is intended as a temporary agreement on legal arrangements prior to the actual act of incorporation. What is the meaning of pre-incorporation contract? A pre-incorporation contract is an agreement that is made by a person at the behest of a company or corporation that does not exist
Can A Company Enforce A Contract Which Has Been Entered By A Promoter On Its Behalf Prior To Its Incorporation? The corporation will not be liable for any contracts entered into by the promoter on its behalf prior to incorporation unless it adopts the contract, either by direct action of the board of directors, or
What Are The Effect Of Pre-incorporation Contract? The company cannot be sued on the preliminary Contracts even though when it comes into existence and takes the benefit thereof. The company cannot be sued for those expenses, which are incurred before its incorporation because it was not in existence when the expenses were actually incurred. What
What Is Meant By Pre-incorporation Contract? A pre incorporation contract is one which is purportedly made by or on behalf of a corporation at a time when the corporation has not yet been incorporated. … However, adoption of the contract is anticipated by the parties to the contract. What is pre-incorporation in law? A pre-incorporation