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How to bring a contract to an end

Andrea Smith
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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 relationship which contains a ‘termination clause’....

Indemnity Clauses in contracts and agreements

Andrea Smith
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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 agreement to supply services; or an agreement to...

Key elements of a Franchise Agreement

Andrea Smith
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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. However, in order for the business venture...

The pitfalls of incorporating your own company

Andrea Smith
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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 limits your personal liability. However, many people...

When a winding-up petition can be presented

Christopher Buck
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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 time for attempts to rescue the Club to continue. A...

Basic principles of Partnership Agreements

Andrea Smith
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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 could face a claim, fail to receive a just return on...

How to sell a business

Andrea Smith
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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 make it as marketable as possible; we de-clutter the...

Updates to your Articles of Association (if pre-Oct 2007)

Andrea Smith
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The Companies Act 2006 was introduced nearly 10 years ago, yet not all companies are up to date and not all directors are aware of their obligations. If a company was incorporated prior to 1 October 2007, then unless it has expressly adopted the new...

Top 5 tips for Director's decision making compliance

Andrea Smith
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Are you a Director of a Company? Did you know that any business decisions you make must comply with the Companies Act and your Company’s Articles of Association? Most directors know this in theory, but few take the steps to ensure compliance. If...