by OAK Law Team | Aug 19, 2025 | Articles, Commercial Agreements
Estimated reading time: 10 minutes Key Takeaways • South African contract law requires six essential elements: consensus, capacity, formalities, legality, possibility of performance, and certainty • Verbal contracts are legally binding in South Africa if they meet all...
by OAK Law Team | Aug 19, 2025 | Articles, Commercial Law
Estimated reading time: 16 minutes Key Takeaways • The Companies Amendment Act 16 of 2024 and Companies Second Amendment Act 17 of 2024 introduce significant changes to director accountability and corporate governance requirements • Executive remuneration disclosure...
by OAK Law Team | Jul 8, 2025 | Articles, Commercial Agreements
Estimated Reading Time: 7 minutes Key Takeaways • Poorly drafted commercial agreements cost South African businesses millions annually through legal disputes, operational delays, and lost opportunities • Common contract drafting mistakes include ambiguous terms,...
by OAK Law Team | Jun 6, 2025 | Articles, Intellectual Property Law
Estimated Reading Time: 7 minutes Key Takeaways Template trust deeds often contain generic clauses that don’t address specific circumstances, leading to costly legal disputes Custom trust deed drafting by professionals ensures compliance with South African trust...
by OAK Law Team | Jan 23, 2025 | Articles, Debt Collection
Key Takeaways Late payments affect 47% of South African SMEs, with average payment delays of 61 days impacting business continuity (National Credit Regulator, 2023). Strategic debt prevention and early intervention can reduce collection costs by up to 25%...
by OAK Law Team | Feb 12, 2018 | Articles
Very often landowners/lawful occupiers of properties are unaware of their rights when mining companies approach them to conduct mining or prospecting on their property. The below contains a brief overview of your rights and the process to be undertaken to best...
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