Ensuring that you get paid in business requires a combination of good practices, clear communication, and legal safeguards. Here are some of the best ways to ensure you get paid: 1. Clear Contracts and Agreements – Written Terms: Always have a clear, written agreement outlining payment terms before starting any work. Specify payment amounts,…
It’s essential to make a will to ensure that your estate is distributed according to your wishes when you pass away. If you don’t have a will in place, your estate will be distributed according to the intestacy rules, which may not align with your preferences. Here’s a breakdown of how intestacy rules work in…
Creating a Lasting Power of Attorney (LPA) in the UK is crucial for ensuring that your affairs are handled according to your wishes if you lose the capacity to make decisions for yourself. Here are the key reasons why making an LPA is essential: 1. Control Over Your Future Decisions An LPA gives you…
Entering into a shareholders’ agreement at the outset of a business relationship in the UK is a vital step in ensuring that the rights and responsibilities of shareholders are clearly defined. Here are the key reasons why having a shareholders’ agreement is essential: 1. Clarity on Roles and Responsibilities A shareholders’ agreement outlines the…
Entering into a partnership agreement when going into business with someone in the UK is a crucial step to ensure the smooth running of the partnership and to avoid future disputes. A partnership agreement clearly outlines the rights, responsibilities, and obligations of all partners, and it provides a legal framework for dealing with issues that…
Consulting a specialist employment solicitor for advice in the UK is often the best approach for businesses due to the complexity and sensitivity of employment law. Here’s why seeking the expertise of an employment law specialist is crucial: 1. Expert Knowledge of Employment Law Employment law is complex and constantly evolving, with frequent changes…
Having Terms and Conditions of Trading (T&Cs) for your business is crucial for protecting your interests, ensuring smooth business operations, and managing customer expectations. Here’s why your business should have clear and comprehensive T&Cs: 1. Legal Protection T&Cs act as a legal contract between your business and your customers or clients. They set out…
Having proper employment contracts in place is essential for businesses in the UK for several reasons. Employment contracts provide clarity, legal protection, and help define the relationship between employer and employee. Here’s why it’s important: 1. Legal Requirement Under UK law, employers are required to provide employees with a written statement of employment particulars…
When two UK companies are involved in a commercial contract dispute, there are various methods they can use to resolve the issue, ranging from informal negotiations to formal legal proceedings. Here are the most common approaches: 1. Negotiation Direct Negotiation: The companies can engage in discussions directly, either through their representatives or legal advisors,…
Recovering money owed to your business by another business can be a delicate process, and the most efficient and reliable approach depends on the circumstances. Here’s a step-by-step guide to help ensure the debt recovery process is as smooth as possible: 1. Send a Formal Reminder (Payment Reminder) Start with a polite, formal reminder…