“Corporate” relates to large company or group and/or involves or associated with corporation. A corporation is a business entity that legally exists separately from its owner(s). The owners of a corporation are shareholders; their percentage of ownership in the business is represented by their corporate stocks or shares.
Shareholders can choose a board of directors to manage business operations, or they can create a shareholders’ agreement, which will allow them to manage the business directly. Section 27 (1) (e) of the Companies and Allied Matter Act requires that the Memorandum of the company states whether the company is private or public.
Again, Subsection (1) (f) provides that the Memorandum of the company state whether the liability of members is limited by shares or by guarantee or is unlimited.
Corporate negotiation is critical to a business setting. Corporate negotiation strategies include breaking the problem into smaller parts, considering unusual deal terms, and having your side brainstorm new ideas.
Nature of Corporate Disputes:
Corporate dispute could emerge as a result of employment; contract; personal injury; construction; product liability; real estate; environmental; intellectual property; consumer rights; corporate finance; financial reorganisation/workout. Negotiation skill is deployed in deal making, employment discussions, corporate team building, labour/management talks, contracts, handling disputes, employee compensation, business acquisitions, vendor pricing and sales, real estate leases, and the fulfilment of contract obligations.