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Does a non-disclosure agreement offer any protection?
In today's competitive business landscape, protecting sensitive information is crucial. Companies often rely on non-disclosure agreements ( NDA ) to safeguard their confidential information from being shared with competitors or the public. But do these agreements actually work? In this article, we'll explore the effectiveness of non-disclosure agreements. What is a Non-Disclosure Agreement? A non-disclosure agreement, also known as a confidentiality agreement, is a contract that is intended to ensure that information shared between parties is kept confidential. This information can include trade secrets, financial data, customer lists, and other sensitive information that the discloser has a duty to keep…
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Employee Share Option Schemes (ESOS) and Enterprise Management Incentive (EMI) schemes
Join our upcoming webinar to gain invaluable insights into Employee Share Option Schemes (ESOS) and Enterprise Management Incentive (EMI) schemes. Designed for business leaders, HR professionals, and financial decision-makers, this session aims to demystify the complexities surrounding these incentive programs. When? 28th March 2024, 10AM - 11AM (GMT) Key Highlights Introduction to Employee Share Schemes Why Have One? Benefits? Risks? How big/how much equity to give away? Deep Dive into EMI Schemes Why EMI? What does it mean? What’s the government’s position on EMI Schemes? Rules of Eligibility. Legal and Regulatory Landscape Key Tips and Tricks to Watch for in…
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The Value of the Data Protection Act for UK Businesses
In today’s digital age, data is a valuable asset for businesses. It allows companies to understand their customers, make informed decisions and improve their operations. However, with the rise of cyber threats and data breaches, protecting this data has become a top priority for businesses in the UK. In this article, we will explore the role of the Data Protection Act 2018 for business in the UK and why it is crucial for companies to comply with the data protection regulations. What is Data Protection? Data protection refers to the process of safeguarding sensitive information from unauthorised access, use or…
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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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The Employee Share Scheme and EMI Scheme Rules
While the Employee Share Scheme, also known as EMI (Enterprise Management Incentive) schemes are well known for tax benefits for both companies and employees, there are EMI scheme rules that every business should fully understand to remain compliant. EMI legislation has been updated and companies should take legal advice to ensure their circumstances comply with current EMI scheme rules and legislation. The Employee Share Scheme has benefits for both employers and employees As explained in our previous article, What are EMI Schemes?, the Employee Share Scheme is an excellent way for companies and their employees to receive certain tax reliefs,…
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Is a Shareholders Agreement Template a Safe Choice for your Business?
A shareholders agreement is a vital element of any arrangement that involves bringing shareholders into a business. As a legal document that outlines the rights, responsibilities and obligations of shareholders and the company, it is a mutually beneficial agreement protecting the business and the shareholders. It sets out the rules regarding the control of important decisions by the shareholders, the transfer of shares, non-compete obligations, confidentiality clauses and dispute resolution. At JPP Law we only provide bespoke shareholders agreements, but we understand why startups opt for the cheaper solution of a shareholders agreement template. In our view a good template,…
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The Rise of UK Fintech and the Future of Fintech Law
Driven by innovation and technology, with accessible talent, expertise and funding, the UK has become an attractive destination for Fintech. Expanding rapidly since the early 2010s, the UK Fintech sector has become home to some of the largest and well-known companies in the world. Now, in terms of investment per capita, the UK is second only to Singapore on the world stage, accounting for 50% of venture capital in Fintech.   As of 2023, there are more than 1,600 Fintech firms based in the UK and this is expected to double by 2030. However, this growth has not come without…
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Asset Sale Vs Share Sale: What to Consider
If you’re buying or selling a company, there are two main routes to consider – an asset sale or a share sale. Each comes with its own advantages and downsides. In this article, we’re going to look at both, as well as the legal implications, so you can assess which is best for your needs. When assessing the strengths and weaknesses of an asset sale vs share sale, it’s important to understand the basics. As the name implies, an asset sale involves the purchase of some or all the assets of the company, including property, equipment and intellectual property; the…
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The Company “Flip Up” – Moving a Foreign Tech Startup to the UK
The UK is undoubtedly a good place to launch innovative technology. The UK has a goal to transform into a tech superpower by 2030 and is developing international partnerships across academia, government and industry to make this happen.  The UK is already ranked fourth in the Global Innovation Index for 2022 and ranked 12th in the 2022 Network Readiness Index, and it is renowned for a thriving tech ecosystem.   The “Flip Up”  This is why the UK has become an attractive option for foreign based tech startups to move their business to the UK via a “flip up”.  Flipping…
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Promises, promises – when do you have a legally binding contract?
While some business transactions are quick and simple, many involve protracted negotiations as you shop around for the best provider of goods or services and negotiate hard to get the best terms and conditions. Some businesses in your supply chain may have a formal process for purchase orders and contract execution, while things may be more relaxed with smaller companies or ones where you have a longstanding relationship. Perhaps some of your supply chain have introduced electronic signatures and you are wondering if they are legally valid or if you are required to sign in that way. It is important…
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