News

The Data Protection and Digital Information Bill and the Potential Impact for UK Businesses
In an update to the original Data Protection and Digital Information Bill brought to the UK’s House of Commons on 18th July 2022, the Data Protection and Digital Information (No.2) Bill was introduced on 8th March 2023 with the aim of strengthening the country’s data protection law and increasing online safety. What is the Data Protection and Digital Information Bill? Michelle Donelan, Secretary of State for Science, Innovation and Technology, said that the new Bill followed a detailed consultation with industry and business, as well as privacy and consumer groups and would “create a new UK data rights regime tailor-made…
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What is a shareholder agreement and why is it so important for a scale-up business?
Creating the right shareholders agreement for a company isn’t straightforward. No two agreements are exactly the same. Understandably, some boot strapping startups will try to save money by creating their own shareholders agreement using a template, but this can be a false economy. Every business is different and is exposed to a different set of risks, so it’s important to have a bespoke agreement developed and put in place from the outset. Every shareholders agreement needs to be developed according to the needs of the company and its shareholders and neglecting to put one in place can have seriously damaging…
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Buying a business and contract due diligence
If you have spotted a great business acquisition opportunity and the headline figures look superb, how do you know that you will be getting the value and benefits in the deal that you had hoped for? The key lies in the quality and depth of the due diligence carried out by your advisors, especially in regard to the transferability of the business contracts. It is a sad fact, that some otherwise viable acquisitions have failed to succeed as a result of important contracts not being transferable to the acquiring business. In this article we delve into the various aspects to…
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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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What is a Settlement Agreement?
If you’re having problems at work and are unable to settle the issue through company channels such as the grievance procedure, there is the option to leave under the terms of what is known as a settlement agreement (previously known as a compromise agreement) if you and your employer both agree. You will need a solicitor for settlement agreement advice and JPP offers a fast and reliable services provided by experienced solicitors. A settlement agreement is a legally binding contract between you and your employer under which you agree to end your employment and not to bring claims in exchange…
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Minority investors need to protect their rights
Becoming a minority shareholder or investor in a business may lead you to believe that, given the limited rights you will have, there are not many important considerations to take into account. However, even a minority investor needs to protect their interests as much as possible and to be able to share or exit its investment in a fair manner. While minority shareholders may not usually benefit from voting rights, it is important to ensure they have access to drag along or tag along rights which provide them with a fair exit. All investors need to know what their rights…
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What Does the Government’s Science, Innovation and Technology Department (DSIT) Mean for the UK Startup /Scaleup Sector?
February’s cabinet reshuffle saw the creation of a new Department for Science, Innovation and Technology (DSIT), headed up by Michelle Donelan. The new Secretary of State says the department will promote growth, encourage the creation of new jobs and bolster innovation.   For the first time, the five technologies of tomorrow: quantum, AI, engineering biology, semiconductors and telecoms, will be brought together under one umbrella department. Also included within its remit will be life sciences and green technologies.   But what exactly does it mean for UK startups and scaleups operating or planning to operate within the sector?   Big hopes for…
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Merging Partnerships – how to make it a success
Mergers can offer many benefits to two smaller partnerships with good cultural alignment, including sharing costs and resources, access to economies of scale, and reduction of competition. There are a host of commercial issues that one has to be aware of when contemplating a merger of two partnerships. An in-depth analysis of the two businesses is crucial, as is ensuring that required documentation is completed correctly. The process of merging will inevitably require many moving parts, and you'll be better served by having a knowledgeable legal team in your corner to help you address the commercial considerations. Commercial Considerations A…
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Using an employment settlement agreement to resolve employment issues
An employment settlement agreement is a legally binding contract in which one person, usually an employee, agrees to waive their rights to bring a claim in the employment tribunal or a court in return for another person, typically their employer, agreeing to do something, such as paying them a sum of money and agreeing to give them a reference.
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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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