what is a duly incorporated companies
Similarly, âAn opinion that a company has been âduly organizedâ means that the company has been duly incorporated and that it has taken additional steps to establish its basic organizational structure.â Id. at Â§ 6.3. The phrases duly incorporated and duly organized feature in contracts as well as in legal opinions.So when duly occurs in a term of art with broader substantive implications, leave duly alone. But outside of those contexts, duly is usually redundant.As in the first example above, duly is often paired with validly.o here goes. According to Blackâs Law Dictionary, duly is an adverb meaning âIn a proper manner; in accordance with legal requirements.â But usually, the verb or verb phrase that duly modifies itself incorporates the notion of âin a proper manner,â making duly redundant.