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9.PRE & POST INCORPRATION :check: - Coggle Diagram

- - - - company terinates contract
      - all parties are to return the benefits received
    - - there has ben undue delay in initiating the action
      - 3rd party acquired rights bona fide that cannot defeated
      - 3rd parties cannot be restored to original position
    - - company can recover the profits made by promoer
      - court may order he promoter pay damages to the company for breach of his/her fiduciary duty