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…

Could a business angel be the answer to your startup business prayers?  Early-stage businesses are generally in need of funding to bring an idea to market but sometimes funding alone is not enough to help them thrive, especially when expertise is critical to success. A business angel could be a good solution to explore and consider because they can provide both expertise and finance.   What is a business angel?  Probably the most known business angels are those that sit in the BBC’s Dragons Den. A business angel is generally a high-net-worth individual who manages a portfolio of investments made…

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

The Commercial Team at JPP Law outline the reasons why every company should have a shareholders agreement.

Have you ever signed a contract which seemed to be perfectly clear, straightforward and reasonable at the time it was agreed, but which later turned out to be ambiguous in important respects or which gave rise to unintended and arguably unfair results? If so, you are not alone. Indeed, in our experience, many business contracts are not as clear as they could be and this can lead to all sorts of problems – particularly when things go wrong and parties fall out. Provisions around dates and time limits can be especially troublesome, and as Mark Glenister, commercial lawyer with JPP…

To ensure your interests and your business are protected you need an experienced team advising you so the final terms are both fair and workable in the long term. If you are considering a funding round, congratulations! It’s an incredible achievement to build a business that is worthy of external investment. That said, if this is new territory for you, it’s highly recommended to seek professional support, including lawyers and accountants, to guide you through the process. Thinking about a Funding Round? The type of investor you want to attract will be astute and experienced. To ensure your interests and…

Our Checklist for Preparing a Shareholder Agreement is a good place to start when preparing your shareholders agreement. Thinking about these questions and being able to answer them will get you a long way to creating your shareholders agreement:  JPP Law offers fixed price shareholders agreements. If you would like a no obligation quote, please book your free consultation with a member of our legal team.  During the call the solicitor will talk to you about your requirements and then follow up the call with a written, fixed fee quote. The Checklist for Preparing a Shareholder Agreement Who has shares and…

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…

We regularly run webinars for startup and scale up businesses. The webinars look considers the legal questions that every startup business should consider. The webinar covers; the legal structure for the business the legal contract and agreements that a startup may need financial promotions related to investment sources of startup finance and the legal considerations of each We are yet to confirm the date of the next webinar but please use the form below to register your interest and we will be in touch as soon as the next date is confirmed.

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