Company directors are subject to a range of statutory duties geared at protecting the interests of shareholders and, to a lesser extent, corporate creditors.  Where one or more of these duties are breached the consequences for the company can be serious, particularly where share value is affected or irretrievable financial difficulty ensues.

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When negotiating a contract it is easy to become fixated on the terms governing who will do what, by when and for how much.  However, equal thought needs to be given to what happens if things go wrong and in particular your rights of termination.

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From the hire of company cars to the shipping of goods, the term 'bailment' encapsulates one of the most common forms of legal relationship for those operating a business.

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All company directors have one overarching duty which is to promote the success of their business.  This duty on one hand seems a simple notion but, as Mark Glenister a specialist in Commercial Law at JPP Law explains, differences of opinion about how success will be achieved can lead to boardroom disputes and have a detrimental effect on the company's success.

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