Business Entity. Where the parties to this Agreement include a corporation, partnership, trust or other entity that operates a business (“Business”), along with the shareholders, partners or other individuals controlling the Business (“Directing Minds”), the following shall apply. GMA may, by indicating so on the cover page, structure the Retainer so that GMA’s sole client is the Business. In such circumstances, the Retainer shall not be a joint retainer as per Section 3.2. Instead, the Directing Minds will be parties to this Agreement as guarantors. The Directing Minds will jointly and severally personally guarantee the obligations of the Business to GMA under this Agreement. The Directing Minds will not be clients of GMA and GMA will have no solicitor/client obligations to them.
Appears in 2 contracts
Sources: General Retainer Agreement, General Retainer Agreement