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What to consider when selling your business
When selling your business, the foremost concern is usually getting a fair price for all of the hard work you’ve put into building your company over the years. However, there are also important legal considerations to take into account to ensure the transaction...
Building a business with an exit strategy
With more and more start-ups making headlines for multi-million-pound acquisitions by powerhouses like Facebook and Google, it’s unsurprising that many of today’s entrepreneurs are setting up their businesses with the ultimate goal of selling. Regardless of whether...
Why is Independent Legal Advice Important And How Does it Benefit Me?
The term Independent Legal Advice (‘ILA’) is unbiased and unprejudiced advice given by a solicitor who is not in any way connected to the parties involved in a legal matter or transaction. Some of the instances that you may require ILA include inter alia – personal...
Buying share capital vs buying assets
Many buyers of a business are often unclear as to the differences and repercussions of a share purchase versus an asset purchase, yet each type of acquisition involves very different procedural and legal requirements. In a share purchase or share acquisition, the...
What is a deed of postponement between creditors?
It is very common for a company to borrow money from several different creditors for varying reasons and in varying ways. As a result, creditors may be classified as a senior or junior creditor, depending on their level of risk. Junior creditors assume a greater risk...
What is the difference between a Warranty and an Indemnity?
Warranties and indemnities are frequently used during negotiations over the acquisition of a company, yet there is often confusion over the differences between them and their ramifications. What is a warranty? A warranty is a contractual statement by the seller,...
7 things to consider when starting a business
Starting a business can be an exciting and rewarding experience, but it is also a lot of work. Firstly, need to carefully consider the type of business you want to start, determine the industry you want to work in, the products or services you want to offer, and the...
5 reasons why you need to have a Shareholder’s Agreement
A shareholder’s agreement is an essential part of any business venture involving multiple shareholders. The agreement is a legal binding contract between all shareholders and is designed to protect the interests of the parties involved. We have highlighted the 5 main...
Staff Handbook Vs Employment Contract – Knowing the Difference
As an employer, providing your employees with clear and legally approved contracts of employment is critical, both to adhere to legal requirements and to set out what is expected from both parties during the term of employment. In addition, many employers also issue...
Redundancy Selection Pools and How to Use Them
A redundancy selection pool is a way to group employees with similar roles who are at risk of redundancy. It is crucial to ensure that the selection process is impartial and without discrimination and to document the selection criteria and methodology used. It's worth...
