Anyone who’s set up their own business knows what a heady mix of excitement and trepidation that inspires. Embarking on a joint venture with a friend or business partner requires constant commitment and cooperation for a chance of success. Much like entering a marriage contract, nobody wants to consider what might happen if things were READ MORE
Merging 2 business entities into 1 can create a robust corporate body which is capable of achieving more than struggling single units could ever accomplish on their own. However, sometimes, the converse is called for and splitting a single company into independent business groups presents a more profitable prospect. Splitting a business can create either READ MORE
The concept of assignment applies to many types of contracts ranging from business contracts to property contracts and to personal legal issues such as life insurance policies also. Assignment is simply the legal term for transferring legal rights in a contract, but it is crucial to understand from the outset that it relates to rights READ MORE
Many small businesses do not appreciate the importance and value of a clear and well thought out shareholders agreement. Here’s why it’s so important. The vast majority of companies in the UK are very small, typically family owned businesses. Owners of those businesses tend to believe they can rely more on informality than a large READ MORE
One of the potential disadvantages of creating an LLP is that it needs to be formally incorporated at Companies House and accounts filed and the LLP’s financial position is therefore available publicly. The key areas to consider when setting up an LLP and/or converting from an existing general partnership to an LLP are: Will all READ MORE
Since the introduction of the Bribery Act 2010 (Bribery Act) which came into force in July 2011 a number of our clients have contacted us to ask whether or not they need to concern themselves with this and whether they need any policies in place. The answer to both of these questions is yes. The READ MORE
In the video below James Swede explains that Darlingtons are highly efficient and experienced in securing a fast exchange of contract on property transactions. In many cases, where a property is in demand, moving quickly to exchange contracts is the difference between success and failure. To move quickly, you need a solicitor who is experienced READ MORE
In the video below James Swede explains why buyers should always seriously consider a full survey or at least homebuyers report rather than the lender’s standard valuation. Valuation or survey ? READ MORE
A carefully worded legal letter can result in a swift and satisfactory resolution but a badly worded letter can result in lost credibility, ongoing litigation and may even hold significant evidential weight against you at a full court trial. The above is why a cease and desist letter should only be drafted and sent in READ MORE
Strictly speaking there is no such thing as an informal lease extension – what I mean by this is that there has to be a degree of formality, legal paperwork, time and cost involved in any extension of a long residential lease. The issue therefore is how to minimise cost and save time and it’s READ MORE
