Heads of Terms: Do I Need Them? Both parties in any commercial transaction should consider the need for Heads of Terms. The Heads of Terms document will summarise the basic points of principle that have been agreed between the parties. They should not go into detail – this will be contained in the full Sale […]
The concept of parental responsibility [PR] is defined as “the rights, duties, powers, responsibilities and authority of a parent” (Children Act 1989). In other words, having parental rights for a child grants you the authority to act as a parent. PR allows you to make the following decisions (amongst others) in relation to your children: […]
Do I need a Confidentiality Agreement? If you are looking to be involved in a sale or purchase of a business then the answer, almost certainly, is “yes, you need a confidentiality agreement”. Why do I need a Confidentiality Agreement? Whether an asset or share acquisition, parties will need to get together to start negotiations. […]
The majority of people will ensure that they have a Will to look after their personal finance but what about their business? The death of a shareholder and director, especially in a small/medium company can have a major impact on the business if they have not planned for such an event. It is also not […]
Parents or grandparents may wish to set money aside for their children/grandchildren by way of lifetime gift. For small sums, the money can be given to the child’s parent or guardian to invest on the child’s behalf…
The role of a Trustee is to hold property for the benefit of the beneficiaries of the Trust and to administer the Trust in accordance with both the general law and the specific provisions of the Trust document.
Obviously, no one likes spending money on unnecessary legal fees and it is tempting to leave the administration of a deceased individual’s estate in the hands of friends or family. As with many choices which look like a good way to save money initially, the risks of letting non-solicitors handle the administration of an estate […]
It is not at all uncommon for clients to tell us that they have never heard of Lasting Powers of Attorney (‘LPAs’) or, if they have, that they don’t need one until they’re older. Nowadays more people have heard of them but still think that they are really only for older people. However, the importance of […]
Independent Legal Advice (ILA) is normally a requirement of a lender for secured lending i.e. property related work. There are various different types and which one is relevant to your situation will depend on what type of borrowing you require and the Lender’s requirements. All Lenders are different and use different forms and have different […]
When it comes to wills for unmarried couples, it is a common misconception that an unmarried partner has similar inheritance rights to those of a wife/husband/civil partner, should their partner die without leaving a Will (intestate). This is not the case and the death of a partner (no matter how long-term the relationship) may leave […]
What is a Separation Agreement and when would you use it? A Separation Agreement allows a couple to document and sort out their financial situation at the time that they agree to go their separate ways. The Agreement allows them to record who is to have what and hopefully avoid the necessity of expensive and […]
If you want to do business with a gentleman (or lady), why on earth would you rely on their word? The question must be “why take a chance?” At its best, a gentlemen’s agreement (realistically this is a verbal agreement) is as enforceable (or unenforceable) as any other verbal contract. Much will depend on trying […]
This is an interesting question and one which I know many leaseholders wrestle with when dealing with their landlords. While I’m sure that there may well be leases out there allowing direct enforcement of covenants by leaseholders against other leaseholders I have yet to see one. This leaves leaseholders in a difficult position having to […]
You’ve achieved your aim and secured a spousal maintenance or costs order from the court – end of story, happy ever after – right? But what if the debtor then doesn’t pay? What are your options? Set out below is a brief guide to the next steps and methods of enforcement available to you as […]
Employers frequently include a policy expressly entitling them to monitor employee emails and work related messaging accounts. The monitoring of employee emails and messaging enables employers to obtain crucial information about unlawful employee activity. Preventing misuse of computer equipment Primarily monitoring is intended to ensure employees are not misusing the company’s computer equipment and messaging […]