Bona Vacantia Waiver Letter (How to Obtain!)
A bona vacantia waiver letter is a document outlining the Crown representative’s consent to administratively restoring a dissolved company back to the company register. Bona vacantia is the legal term for business assets which are passed to the crown when a business is struck off. In accordance with Section 1000 of the 2006 Companies Act […]
How are Letters of Intent Used?
When in the process of negotiating an asset or share sale, or any other complex commercial transaction, various key documents will need to be drafted, including a letter of intent. In this guide, we explain what letters of intent are, how they are used and the legal considerations involved. What is letter of intent? […]
Distribution Agreement: How Do They Work?
Distribution agreements are used between distributors and manufacturers to provide certainty and clarity within the commercial relationship. In this guide, we explain what an effective distribution agreement should include and consider the key areas of risk to be mitigated when drafting and relying on a distribution agreement. What is a distribution agreement? A distribution agreement is […]
Model Articles for Private Companies
The Model articles are the default set of articles for UK limited companies incorporated on or after 1 October 2009. In this guide, we look at what Articles of Association and Model Articles are, as required when setting up a new company under UK law. What are Articles of Association? Articles of Association are a […]
What is a Disclosure Letter?
Disclosure is a key stage in a company merger and acquisition, or a company share or asset sale. It is the process by which all important information about the company is disclosed by the seller to the buyer before completion. It is in both the seller’s and the buyer’s best interests for full and frank […]
Joint Venture Agreement: Guide for Businesses
A joint venture agreement is an ideal solution for a business initiative between two or more parties, potentially ensuring the success of that prospect more quickly and easily than if those businesses were doing it alone. Such an arrangement allows the parties to pool resources and finances together, and if executed and carried out correctly, […]
Share Purchase Agreements Explained
A share purchase agreement (SPA) is a formal agreement, or contract, that sets out the terms and conditions relating to the sale and purchase of shares in a company. A SPA is designed to transfer and assign shares of stock to the buyer, and therefore part or complete ownership. The share purchase agreement represents the […]
Sale and Purchase Agreement
Sale and purchase agreements are crucial documents when it comes to selling a company or company stock, or any other high value business assets. Ensuring that the agreement reflects and protects your business interests, as either a buyer or seller, is paramount to a smooth and successful outcome. Below we look at what these types […]
Heads of Terms Agreement
When selling or buying a business or corporate entity, or entering into any other complex sales transaction, the sale process will typically involve several stages, including preparation of agreed Heads of Terms. In this guide, we explain what a Heads of Terms Agreement is, and when and why these types of agreements are used. We […]
Non Disclosure Agreements: How to Use NDAs
A non disclosure agreement in the course of business expressly prohibits the disclosure or use of proprietary information without permission. It is a legal contract by which one or more parties agree not to disclose confidential information as a necessary part of doing business together. Non disclosure agreements are also commonly referred to as confidentiality […]
Partnership Agreement (Terms to Include)
Before entering into a business partnership, you should ensure the terms of the partnership are agreed and documented. Written partnership agreements are typically complex documents, containing a broad range of terms and clauses to cover all manner of eventualities which may not seem conceivable in the early days of the business, but a well-drafted agreement […]