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Acknowledgement of Debt

A written agreement stating that a person (“debtor”) owes another person or entity (“creditor”) a sum of money (“debt”). It also specifies how the debt is to be repaid.

Cohabitation Agreement

A written agreement entered into by an unmarried couple in a long-term relationship that resembles a marriage in order to protect their rights and obligations. A cohabitation agreement regulates aspects, such as living expenses, shared property, termination, maintenance, and so on.

Lease Agreement

An agreement that regulates the terms and conditions between a lessee and lessor, for the lessee to rent residential property (such as a house, flat or so on) for a period less than 10 years. This is a once off lease agreement, therefore, the Consumer Protection Act does not apply.

Lobolo Agreement

A written agreement between a Bride and Groom who intend on entering into a customary marriage where lobolo is one of the traditional customs leading up to the customary marriage.

Non-disclosure Agreement

When parties enter into an agreement, confidentiality may be required. This agreement ensures such confidentiality and is usually signed prior to entering into the main agreement.

Offer to Purchase

An offer to purchase property (such as a house, flat and so on) sets out the terms and conditions of the sale between the purchaser and the seller.

Rent To Own Agreement

This Rent to Own Agreement is a written agreement where one party (“renter”) rents something (movable property) from another party (“owner”) with the intention that the renter becomes the owner of the property at the end of the duration of the agreement (through payments in instalments).

Restraint of Trade

An employer may include a restraint of trade clause (“restraint”) in its contract of employment in order to protect its intellectual property, trade secrets, reputation and good will by limiting the employee from exercising his/her trade, profession or engaging in the same business venture within a certain period of time and geographical area. A restraint remains valid and enforceable, unless it is proven by the employee that the restraint is unreasonable and contrary to public policy.

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