When drawing up deeds it is vital to meet all the legal requirements – otherwise the document could prove invalid and cost you thousands of pounds, as one firm found recently. The case involved a financial services company that entered into an invoice discounting facility with two directors of a client firm. A deed was
When buying a business it’s important to ensure that the seller doesn’t try to entice away clients or customers once the sale goes through. For this reason, most firms will insist on a covenant preventing the seller from setting up a rival business or soliciting his former customers for a specified period. The value of
The Office of Fair Trading (OFT) has warned that consumer landlords are still being presented with potentially unfair terms in contracts with some letting agents. The warning follows the enforcement case last year against Foxtons for breaching the Unfair Terms in Consumer Contracts Regulations 1999 (UTCCR). Foxtons agreed to amend some of its terms concerning
Businesses need to ensure they follow the correct procedures when making redundancies. Otherwise mistakes can lead to claims of unfair dismissal, as happened in a recent case involving a company that needed to lay off a number of staff. The company had selection procedures in place and used them to assess which employees should be