Running a small business involves navigating a myriad of challenges, from managing finances and operations to marketing and customer service. Amidst these tasks, legal issues might not always be at the forefront of a small business owner's mind. However, obtaining...
Legal Advice Blog
“A word to the wise…” Always get advice from a solicitor before signing an agreement or contract
Signing a contract or legal agreement is a significant commitment, and its implications can have lasting effects on your personal or business life. Before putting pen to paper, it’s crucial to have a solicitor review the document to ensure that your rights are...
Why do Banks Ask Directors for Personal Guarantees
When a business applies for a loan, banks usually request personal guarantees from company the directors. This is why lenders insist directors get independent legal advice: 1. Mitigating Risk Enhanced Security Banks view personal guarantees as a way to mitigate the...
5 Things you need to know about Protected Conversations
1. Understand Protected Conversations Protected conversations are confidential discussions aimed at negotiating the terms of ending an employment relationship without them being used as evidence in unfair dismissal claims. 2. Legal Framework Governed by Section 111A...
Our Guide to Common Pitfalls in Settlement Agreements and How to Avoid Them
Settlement agreements are crucial documents that formalize the resolution of disputes between parties, often in the context of employment termination or business disputes. However, there are several common pitfalls that can undermine the effectiveness of these...
Do I need a General Power of Attorney (GPA) or Lasting Power of Attorney (LPA)
In the United Kingdom, both general powers of attorney (GPA) and lasting powers of attorney (LPA) are legal documents that grant someone else the authority to make decisions on your behalf. However, they serve different purposes and have distinct features. It's...
Lasting Power of Attorney (LPA) – Quick breakdown
A Lasting Power of Attorney is a comprehensive legal document designed to provide long-term protection and decision-making authority. Key features: Types of LPA Health and Welfare LPA:** Grant authority to a partner, trusted family member or other loved one to make...
General Power of Attorney (GPA) – Quick breakdown
A General Power or Ordinary of Attorney is typically used for short-term or specific purposes. Key features: Scope of Authority Grants someone (the attorney) authority to manage your financial affairs and make decisions on your behalf for a specific period or purpose....
Why do I need a Will? – We outline 7 reasons
Ensures your wishes are followed after death: Provides clear instructions on how to distribute your assets Specifies any specific bequests to individuals or charities Outlines funeral and burial preferences Prevents disputes among family members: Reduces the...