Share Buybacks – improvements in the law to benefit all SMEs

/ April 17th, 2013 / Comments Off on Share Buybacks – improvements in the law to benefit all SMEs

One of the big upcoming changes to company law is a simplification of the rules governing how a company can buy back shares it has issued and how it can hold these shares as what are called “treasury” shares. The

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Condition Precedent – what, why, when and how ?

/ April 7th, 2013 / Comments Off on Condition Precedent – what, why, when and how ?

Simply put a condition precedent is a contractual clause which provides that the contract or certain parts of the contract will only come in to force upon the happening of certain conditions. Whilst most common in construction and insurance contracts,

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Goods in transit – the legal position

/ April 15th, 2012 / No Comments »

Goods in transit, in legal and insurance context, is a term used to refer to carriage of goods by road, sea, air or rail. Goods in transit face a number of risks including damage, loss or in certain cases seizure

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The role of the Office of Fair Trading

/ April 15th, 2012 / Comments Off on The role of the Office of Fair Trading

The Office of Fair Trading What is it? The Office of Fair Trading (OFT) is a governmental body that aims to ensure that the market is consumer-friendly. The OFT’s mission is to enforce strong consumer protection and competition law which

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Trade secrets & confidential information

/ April 12th, 2012 / Comments Off on Trade secrets & confidential information

Trade secrets, sometimes also referred to as confidential information, include information such as specific practices, processes, designs or patterns that typically are not widely available and therefore enable a commercial business to gain an economic advantage over its competitors. In

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Succession planning

/ April 2nd, 2012 / Comments Off on Succession planning

Succession Planning What is succession planning? There are two types of succession planning: Owners transferring ownership to a new owner; or Identifying and developing employees so that they can groomed to be future leaders, managers or other critical post holders.

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Assignment

/ March 31st, 2012 / Comments Off on Assignment

ASSIGNMENT Assignment is the transfer either a right (which is obtained through a contract) or an interest in property to another person. It is possible to assign various rights in a contract to a third party, without the consent of

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Collateral warranty

/ March 31st, 2012 / Comments Off on Collateral warranty

What is a collateral warranty? A collateral warranty is a contractual arrangement that is directly connected to another principal contract. In other words, it is “collateral” to the main contractual arrangement. Collateral warranties are particularly popular in the building industry.

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Subsidiary

/ March 31st, 2012 / No Comments »

A subsidiary in legal language is most commonly used by reference to company law or public/administrative law. Company Law In company law, subsidiary is normally a company that is solely or partly owned and wholly controlled by another incorporated entity

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Agency law

/ March 30th, 2012 / Comments Off on Agency law

Agency Law What is Agency Law? Agency Law concerns the relationship between one individual, known as the agent, acting for another individual or company, known as the principal, on legal authority and Agency Law generally relates to contractual or commercial

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