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How to sell a business
We are all familiar with the concept of buying and selling a house and all of the preparation work that goes into it. Long before a solicitor or an estate agent is instructed we prepare our house to...
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Basic principles of Partnership Agreements
A basic partnership is easy to form; just carrying on in business with another, intending to profit, gives rise to a partnership by law. However, as partners, you will have very little protection and...
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When a winding-up petition can be presented
A recent article, reported in the Northampton Chronicle and Echo, has covered the current attempts of Northampton Borough Council to delay the winding-up petition hearing it is facing so as to allow...
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The precedence of administration applications over winding-up petitions
Further to my previous piece on Northampton Town Football Club’s petition for Administration, HMRC’s petition to wind-up the Club has been adjourned as of yesterday (16th November 2015). The...
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The Consumer Rights Act 2015: Considerations for software providers
Nowadays, you will be used to having to click to agree that you have read and understood the terms of a software update or new application you have downloaded for your computer or mobile devices. These...
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The pitfalls of incorporating your own company
More and more people are incorporating their own company online because registering at Companies House can be a simple process and having your own company can be a great business structure to use as it...
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Data protection: Facebook to appeal a ruling in Belgium
Facebook is forced to stop collecting the personal data of those in Belgium not using the site. The most recent of a number of European data protection cases has forced Facebook to stop collecting...
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It is annual report time for Money Laundering Reporting Officers
With the end of the year approaching, all Money Laundering Reporting Officer’s (MLRO’s) should be well under way in their review of their organisations anti-money laundering procedures in readiness for...
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The consideration of Intellectual Property in insolvency
Where a company is experiencing extreme financial difficulties it is well known that such a company can be cash-flow insolvent, (i.e. they cannot pay their debts as they fall due), or balance sheet...
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We wish you a Merry “Swiftmas”
After Trade Marking “sick beat” earlier this year, Taylor Swift has now made a bid to Trade Mark “Swiftmas” and the stylised form of “1989” on her album cover in the United States. The singer has...
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Key elements of a Franchise Agreement
The franchise industry is a booming one, worth over £10 billion. It offers a fantastic revenue and business model for franchisors and franchisees alike, with each benefitting from the others’ success....
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No Fault Divorce Bill
On 13 October 2015 the Conservative MP for South Norfolk Mr. Richard Bacon introduced a new bill in Parliament calling for an amendment to divorce legislation to allow ‘no fault divorces’ where couples...
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Changes in the new tax year regarding winding up
Many companies deliberate over whether and/or when to wind up their company when there is a desire to distribute its value. This decision may become a whole lot easier for companies to make further to...
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After a century, the Supreme Court has reset and clarified the penalty rule
Many contracts include liquidated damages provisions agreed upon by all parties to the contract. Liquidated damages are an agreed sum which becomes payable upon breach of the contract by one of the...
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Indemnity Clauses in contracts and agreements
Commercial contracts and agreements contain a range of clauses designed to govern the relationship and protect the parties’ interests. Whether you are entering into a confidentiality agreement; an...
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Proposed rise in Probate Fees
The Government is proposing a huge hike in the fees that you pay to obtain a Grant of Probate, the document necessary to allow you to administer the estate of a deceased person. Currently there is a...
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How to bring a contract to an end
The ability to bring an end to a commercial relationship is fundamental. If you have entered into an agreement it is most likely that you entered into a written agreement at the start of your...
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The potential implications on new and existing contracts and disputes if the...
On Thursday 23rd June 2016, there will be a referendum to decide whether Britain should remain in the European Union. If the UK opts out and leaves the EU, we look at the potential implications on new...
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Bolton Wanderers facing winding-up petition
Bolton Wanderers have been subject to a winding-up petition made by HM Revenue & Customs (“HMRC”) last December, 2015. The club is said to owe HMRC £2.2m and the club’s inability to repay this debt...
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Which Kylie Should Be So Lucky, Lucky, Lucky?
Australia’s Kylie Minogue has launched a legal battle against America’s Kylie (Jenner) after the latter tried to trademark their shared first name. As they prepare to go head to head, we take a look at...
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