I am not a lawyer, but I can provide some general information. In most jurisdictions, a contract can only be entered into by a legal entity that exists at the time of the contract. If Khan Management and Investments (Pty) Ltd is not yet incorporated at the time the contract was concluded, it may pose issues regarding the validity of the contract.
Typically, a company becomes a legal entity once it is incorporated and registered with the appropriate authorities. Until that happens, it does not have legal existence or capacity to enter into contracts. This means that if the contract was entered into before Khan Management and Investments (Pty) Ltd was incorporated, it may not be valid or enforceable.
However, it is essential to consult with a legal professional familiar with the laws and regulations of the specific jurisdiction in question to obtain accurate and reliable advice on the validity of the contract. They can assess the specific circumstances and provide guidance based on applicable laws and regulations.
Zaheer concludes a contract with Jonty Rhodes for the lease of an office building for his new company. His wife has proposed that the company’s name should be Khan Management and Investments (Pty) Ltd. Advise Zaheer on the validity of the contract concluded on behalf of Khan Management and Investments (Pty) Ltd before its incorporation.
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