Although a written partnership agreement is not required to form a partnership it is vital to avoid uncertainty and the automatic application of unsuitable statutory law. A partnership is created when two or more people come together in business to share profit and losses. This type of agreement is usually made for relationships of a [...]
Shareholder Agreement
A shareholder agreement is perhaps one of the most important documents a privately owned company can have. Shareholder agreements are so important because they provide a method for: Resolving shareholder disputes Preventing the personal circumstances of one shareholder affecting the company or other shareholders Defines the powers of the shareholders Defines the procedures and limits [...]
Company Secretary
All companies registered in England and Wales are required to appoint a “company secretary”. This appointment comes with a weight of legal responsibility under the Companies Act with around 150 offences for which breach a company secretary can be prosecuted. Many smaller companies appoint one of the directors or a spouse as a company secretary. [...]
Company Formation
Company formation to most people means forming a company limited by shares and is often know as a “private limited company”. Shares are issued and directors are appointed by the shareholders (often the same people in a small business). The benefit of this type of company over a partnership is that the shareholders have limited [...]
Internet Legal Compliance
Internet legal compliance is important for anyone who owns a web site or provides internet services of any description. Legal compliance for web site owners It is amazing how many businesses who understand the importance of protecting themselves in their normal course of business simply neglect to protect themselves from claims and damages caused from [...]
Service Level Agreement
A service level agreement is ideal if you engage a company or individual to provide a service for your company which is of significant importance to you. For example, when your supplier’s services are critical to you meeting your customer’s requirements. A service level agreement defines the service they must provide, the level of service [...]
Joint Venture Agreement
A joint venture agreement is suitable for two or more businesses wishing to come together for a specific project for a specific length of time but who do not wish to be bound together indefinitely. For those wanting to work with someone on a more long term basis then a partnership agreement may be more [...]
Franchise Agreement
A franchise agreement is a crucial document whether you are the franchisor or the franchisee. Click for Franchisor advice Franchisees If you are a franchisee buying a franchise is a significant investment and you should not sign any agreement, or pay any fees or deposit, until you have taken legal advice from a solicitor. The [...]
Distribution Agreement
A distribution arrangement is made between the supplier (principal) who sells his goods to the distributor and the distributor will, as a separate transaction, sell the goods to his customer. There is no contract of sale between the supplier and the ultimate purchaser of the goods. Put simply, the distributor will buy the goods from [...]
Confidentiality Agreement or Non-Disclosure Agreement
A confidentiality agreement (also known as a non-disclosure agreement or NDA) is required in the early stages of any discussions you may have about sharing your business knowledge with another party. Time and time again we come across companies who have entered into talks with another business and shared information only for negotiations to break [...]
