https://www.taxtmi.com/caselaws?id=96644 A memorandum clause naming agents did not create an unalterable constitutional obligation binding the company, but only a management arrangement for appointment on stated terms. The memorandum was not enforceable as a third-party contract merely because the agents were named, and it could not compel the company to continue a pre-incorporation arrangement. The clause was also held not to extend to the present members of the agency firm on the facts. Injunctive relief was refused because it would in substance enforce a contract of personal service, which the court would not specifically enforce. en-us Thu, 22 Mar 1934 00:00:00 +0530 Tue, 10 Jan 2012 10:41:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96644 A memorandum clause naming agents did not create an unalterable constitutional obligation binding the company, but only a management arrangement for appointment on stated terms. The memorandum was not enforceable as a third-party contract merely because the agents were named, and it could not compel the company to continue a pre-incorporation arrangement. The clause was also held not to extend to the present members of the agency firm on the facts. Injunctive relief was refused because it would in substance enforce a contract of personal service, which the court would not specifically enforce. Case-Laws Companies Law Thu, 22 Mar 1934 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=96644