45. Pre-incorporation contracts, deeds and obligations
Past version: effective from 14/06/2015 - 13/06/2015
To view other versions open the versions tab on the right
(1) A contract that purports to be made by or on behalf of a company at a time when the company has not been formed has effect, subject to any agreement to the contrary, as one made with the person purporting to act for the company or as agent for it, and he is personally liable on the contract accordingly.
(2) Subsection (1) applies to the making of a deed under the law of the Abu Dhabi Global Market as it applies to the making of a contract.