Thanks for asking, our law firm drafted it up for us. We’ll double check with them.
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If that was written by a lawyer, then (EDIT: unless they have a really good explanation) you probably want to switch firms, get a refund, and consider a report to the local regulator. Corporate/commercial isn’t an area of law I practice in (apart from a consumer protection perspective), but I think ownership structures was literally taught on my first day of business law. It would be like a chef saying “Wait, you have to cook chicken?”
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