When starting a small business there is much to focus on, and with budget and time constraints, sometimes getting robust legal arrangements in place can get overlooked. It may have been just you, testing the waters, and so didn’t need an office, consider brand protection or felt that a quick set of standard terms and conditions sufficed.
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Read jargon-free articles and guidance pieces written in-house by our solicitors and keep up to date with what's happening at Neves.
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commercial agreements
Neves Solicitors has expanded their Company Commercial specialist team with the appointment of Kim Sayer.
An agreement for disagreement? A reminder of the importance of ensuring certainty when contracting with third parties.
The recent Court of Appeal judgement in the case of Morris v Swanton Care & Community Ltd [2018] EWCA Civ 2763 found that an earn-out provision in a share purchase agreement contained an unenforceable clause that rendered the agreement as nothing more than just an “agreement to agree”.
For most people, whether they are sellers or buyers, a sea-change in the status and ownership of their business may be the most important transaction in their working lives - with implications for income, lifestyle, pension pot, retirement and inheritance.
The high profile case between Mr Jeffrey Blue (investment banker) and Mike Ashley (owner of Sports Direct) has served to reinforce the importance of documenting commercial agreements in writing.
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