Advice Articles

The role of NDAs and confidentiality clauses when appointing a new supplier
When appointing a new supplier there is often a dilemma over the issue of confidentiality. How do you strike the balance between sharing enough information to obtain the best deal without jeopardising confidential business information? It is imperative that business owners treat their confidential information with the utmost importance when appointing new suppliers. For example, sharing designs and recipes with other businesses can be risky if the process is not managed carefully with appropriate legal safeguards. How to mitigate the risks of a confidentiality leak Counterfeiters and copycats often obtain information via the existing supply chain, so one of your…
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New director-member joining your company? It’s time for shareholder agreement review
If you are planning to appoint a new director to work in your business who will also acquire shares in your company then, as well as drawing up a service level agreement to govern their employment, you will also need to consider whether you need to make any changes to your current shareholder agreement.
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Selling a business? Make sure you clear out any skeletons first
Preparation is the key to success with most things in life and is particularly important when you are trying to attract a buyer for your business. This is because any potential acquirer will almost certainly want to carry out pre-purchase checks to ensure that your organisation is legally and financially sound, and it is not saddled with unacceptable debt or unquantifiable liabilities.
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Bespoke business software and the legal considerations
Commissioning a bespoke piece of software to meet your business needs is often an essential element to business growth and operational improvements. However, the project needs to be delivered with a plan that ensures the final delivery matches your vision and that if problems arise, there is a clear route to remedy. The way to achieve this is via a professionally drafted contract which is agreed before the software development begins.   The document does not have to be overly long or complicated but should cover   scope and functionality  cost and time frame  intellectual property ownership  key protections to safeguard your…
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Getting ready to sell your business
Whether or not you are starting to think about retirement, if you have any plans to sell your business in the future then there are steps that you can take to ensure that you achieve the best price for your business and to sell it on the most favourable terms. It is worth investing time and effort to ensure that your business is presented as attractively as possible before you start to market it to potential purchasers
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Don’t pay out on ransomware attacks – UK cyber security chiefs
With cybersecurity attacks on the rise, the National Cyber Security Centre and the Information Commissioner’s Office is stepping up a campaign advising companies not to give in to ransomware requests. As of 2021, the average cost of a cyber incident to organisations in the UK was highest in the energy sector, with a median cost of 35,439 U.S. dollars per cyber event (Source: Statista). Other business sectors where the impact cost of a data breach are high, include financial services, retail and wholesale, pharma and healthcare, transport and distribution. The costs were lowest in the travel and leisure industry. Lindy Cameron, National…
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The key legal issues to take you from startup to scale up
Starting any new business comes with a steep learning curve, especially as a founder when you often find yourself wearing all the management hats. This is why it is important to deal with the core legal issues early, so that when the time comes to scale up, your business is ready and in good shape to expand
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Protecting a business in financial stress
It is critically important that directors understand their obligations when their company is in financial difficulty.  Directors have a duty to understand the measures they can take to mitigate the risks. Companies that make decisions, sometimes painful ones, decisively and with the support of a good professional advisor tend to have a greater range of options and a better chance at recovery.   Key points:  A company may be insolvent on a cash flow or balance sheet basis.  Insolvent trading concerns arise if a company continues to trade despite having no reasonable prospect of avoiding insolvency.  Directors of an insolvent company…
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Setting up in business as a partnership
Setting up a new business is an exciting time, and there are a thousand things to think about, but if you are launching your new venture with one or more other colleagues it is imperative to decide in advance how you are going to structure it legally.
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Resources For Startup And Growing Businesses
As supporters of innovation and entrepreneurial spirit, JPP Law have produced support packages and material designed to meet the needs of this unique sector. Fixed Fee Legal Documents If your new business is at the stage where you require any kind of new legal document (for example T&Cs, a loan, funding or shareholders agreement, employment contacts, GDPR policy) or a review of existing documents you may be interested to know that JPP offer startup legal packages which can be provided at a very competitive fixed fee. If you would like a quote or if you are not sure what documents…
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