Results 1 to 3 of 3

Thread: Lost Contracts

  1. #1
    Email problem
    Join Date
    Jun 2009
    Thanked 0 Times in 0 Posts

    Lost Contracts

    A labour law related question.

    When you buy a company and the previous owners have lost the employees contracts, what would I need from the previous employer to say they lost miss placed the contracts?

    Thanking you in advance


  2. #2
    Site Caretaker Dave A's Avatar
    Join Date
    May 2006
    Durban, South Africa
    Thanked 2,585 Times in 2,180 Posts
    Blog Entries
    Perhaps a sworn affadavit and a discount?

    Perhaps the seller could also provide a template of the standard employment contract used.

    I don't see how that would solve the labour relations problem this poses, though. Surely you need to get all the staff to sign new contracts?

    I can think of a few circumstances where "losing" those employment contracts could be pretty convenient to the seller and something of a headache for the purchaser.

  3. #3
    Diamond Member tec0's Avatar
    Join Date
    Jun 2009
    South Africa
    Thanked 442 Times in 389 Posts
    Blog Entries
    Losing a contract is actually a load of BS. However the employees must have copies of their contracts. Now if both the previous owner and employees lost their contracts then there is something really fishy going on and I would investigate first.

    Also you just don’t lose contracts! Think about this one it might not be as innocent as it appears to be.

Similar Threads

  1. Replies: 6
    Last Post: 24-Mar-09, 08:25 PM
  2. Has business lost faith in the CCMA?
    By Dave A in forum General Regulatory Compliance Forum
    Replies: 4
    Last Post: 05-Nov-08, 11:16 AM
  3. important information about cell phone contracts
    By SilverNodashi in forum General Chat Forum
    Replies: 1
    Last Post: 06-Aug-08, 06:44 PM
  4. Bribes for contracts
    By Dave A in forum General Business Forum
    Replies: 0
    Last Post: 28-May-08, 07:13 AM

Did you like this article? Share it with your favourite social network.

Did you like this article? Share it with your favourite social network.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts