While the journey might be exhilarating, it's important to have a map to navigate through potential pitfalls. Contracts are your business's best friends when it comes to ensuring clarity, protection, and long-term success.
A stokvel written agreement serves as a legally binding contract that outlines the terms and conditions governing the stokvel's operation. By documenting the rules and responsibilities, all members can have a clear understanding of their rights and obligations
The penalties for recording or filming individuals without their consent can be severe. POPIA allows for administrative fines of up to R10 million (South African Rand) or 10% of the annual turnover of the responsible party, whichever is higher.
The court can make a decision in favor of the plaintiff without hearing the defendant's side of the story. This can result in adverse legal outcomes, including financial liabilities, asset seizures, or other remedies sought by the plaintiff
We understand firsthand the overhead issues all small businesses face and strive to be a value-added partner. We believe that legal expenses should be invested in solving the challenges that come with growth and expansion, rather than being seen as a burden on your business.