Business Studies, asked by richa751, 11 months ago

what is preliminary contracts​

Answers

Answered by patnaikharshita
12

Preliminary contracts are contracts entered into by the promoters on behalf of the company before its incorporation with third parties. ... Such contracts are legally not binding upon the company even after it comes into existence.

Answered by ItzUnic0rns
45

Answer :

Preliminary contracts are the contracts which are entered into by the promoters on behalf of the company before its incorporation with third Parties.

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