Being a small start-up company we find that individually crafted agreements are simply too expensive. But the requirements on all businesses, especially in the area of employment, mean that it is imperative that appropriate employment contracts, employee handbooks and associate documents are executed for the protection of both the company and the employee. We have used LawLive employment agreements extensively.
There are two Deeds of Covenant and Guarantee templates. The first should be used where you are the Buyer of a business and the Seller/s will after completion have outstanding obligations under the Warranties given by the Seller/s in the Sale of Business Agreement. The second should be used where you are the Sellers of a business and the Buyer/s will after completion have outstanding obligations, in particular where there is an outstanding obligation to pay the Purchase Price by instalments or to pay some other moneys. The templates formalise the guarantees and undertakings given by each of the parties.