A County Court Judgment (CCJ) can feel like a financial thunderbolt especially when the amount is significant. Many people only discover a judgment when their credit score suddenly collapses, a lender refuses finance, or enforcement agents appear without warning. If this sounds familiar, take a breath. Under the Civil Procedure Rules (CPR), it is often
When something goes wrong in a business relationship, the financial impact is rarely limited to what you have already spent. More often, the real loss is what never materialised. The work you expected to complete. The contracts that would have followed. The income that simply did not arrive. At that point, the question becomes unavoidable:
Kuldeep S. Clair, Consultant Solicitor, offers his views Some people would imagine that being persistently late to work every week would be quite inexcusable and a definite basis for dismissal. It could be argued that if an employee argued that his repeated lateness was due to a disability, he was just trying to pull a
Small companies are often described as ‘quasi-partnerships’. That is because the owners are the day-to-day operators and know what is going on. When it is operating well, it is great. But sometimes minority shareholders can feel disadvantaged. They can suffer an ‘unfair prejudice’ which, if enough to satisfy the requirements of section 994 of the
If you are a serious active shareholder in business, it is not compulsory to have a shareholders’ agreement, unlike, for instance articles of association, which all companies have, usually in a very standard form. So why have one a Shareholders’ Agreement for your company? It may be worth considering the following reasons very carefully:
Non-disclosure agreements (NDAs), often referred to as confidentiality agreements, are a type of commercial agreement used to prevent the misuse of confidential information. An NDA will define what information is considered confidential and are often used to protect sensitive information and to keep trade secrets confidential, e.g. key information about employees, financial information, and intellectual
Do you want to start or expand your business and need advice on which approach is best? Kuldeep Clair, Consultant Solicitor, looks at the differences between various types of commercial agreements. For many companies, considering whether to establish an agency, distribution or franchise relationship, the differences between these expansion models may not always be immediately clear.
Kuldeep S. Clair, Consultant Solicitor, answers some common questions Commercial Leases: common questions 1. Once I have signed a lease can I get out of it if my business suffers a downturn? Leases are generally granted for a fixed period of years, often known as a term. The lease term can only be ended early
– what it is and how to obtain it One area that I have advised on increasingly during the recent property boom has been cases where clients have required ‘independent legal advice’ (ILA) in a property transaction. Two common examples of situations when this can occur can be: where a client runs a company as
