AOD Pack

  • Acknowledgement of Debt (AOD) - R 450.00
  • An Acknowledgement of Debt is commonly referred to as an “AOD” and is an unequivocal admission of liability by a person (the “Debtor”) that he or she owes another person (the “Creditor”) money.
  • Resolution Party A - R 150.00
  • The resolution is specifically for Party A and can be used if Party A is a company, close corporation or a trust.
  • Resolution Party B - R 150.00
  • The resolution is specifically for Party B and can be used if Party B is a company, close corporation or a trust.
  • Legal Practitioner Letter of Engagement (Party A) - R 250.00
  • This Letter of Engagement must be used when you are acting for Party A.

    The Letter of Engagement contains a calculator used to calculate the hourly fee that will be charged by taking into account the importance, significance, expertise and complexity of work that will be done, the volume and urgency of the work and the financial implications of the matter. 

    The hourly fee calculation is followed by inputs relating to the estimation of the fees and payment terms as well as the terms of engagement between the Legal Practitioner and the Client. 

    This documents further makes provision for the applicable FICA questionnaire, FICA tables and the status affidavits required before engaging with the Client. 
  • Legal Practitioner Letter of Engagement (Party B) - R 250.00
  • This Letter of Engagement must be used when acting for Party B.

    The Letter of Engagement contains a calculator used to calculate the hourly fee that will be charged by taking into account the importance, significance, expertise and complexity of work that will be done, the volume and urgency of the work and the financial implications of the matter. 

    The hourly fee calculation is followed by inputs relating to the estimation of the fees and payment terms as well as the terms of engagement between the Legal Practitioner and the Client. 

    This documents further makes provision for the applicable FICA questionnaire, FICA tables and the status affidavits required before engaging with the Client. 
  • Memorandum of Understanding (MOU) - R 450.00
  • Generally, an MOU is a non-binding agreement between parties in which the parties record certain facts and discussion surrounding a proposed binding agreement that they wish to enter into.
    MOUs are often combined with non-disclosure agreements (which are binding on the Parties) and also sometimes contain non-solicitation of key individual provisions (which are also binding on the Parties).
    The MOU is also sometimes referred to in practice as a “Term Sheet” or a “Recordal”, and usually contain key principles that must be mirrored in the definitive agreement and a recordal of certain actions to be taken by the applicable parties to the MOU.
  • Resolution Party C - R 150.00
  • The resolution is specifically for Party C and can be used if Party C is a company, close corporation or a trust.
  • Company Shareholders Reso Party C - R 150.00
  • This resolution must be used where a company provides financial assistance as contemplated in section 45 of the Companies Act (Loan Agreements, Surety Agreement or Guarantee Agreement).
  • Suretyship - R 450.00
  • A Suretyship or Surety Agreement is a legal document in terms of which a person or entity (the “Surety”) agrees that if another person or entity (the “Debtor”) does not pay the Creditor, then the Creditor may claim the amount due by the Debtor from the Surety.
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