Having a well-drafted shareholders’ agreement in place not only documents the understanding between shareholders in relation to particular matters, which can provide certainty, but can also provide shareholders with better protection in the unfortunate event of relationships deteriorating.
So what is a shareholders’ agreement?
A
shareholders’ agreement is a contract between the shareholders of a company, and more often than
not, the company itself, which sets out agreed matters between them such as how
shares can be transferred, how dividends are payable, non-compete restrictions
and exit plans, amongst other things. It gives the shareholders personal rights
and imposes personal obligations …
Let’s face it, there are more cheerful things to think about than what
happens to our assets when we die, and the thought of writing a Will can seem
quite a daunting process.
However, writing a Will creates clarity and peace of mind both for you and those you leave behind, and with the right help the process can be simple and stress-free.
If you’re looking to write a Will, here are ten things that you should definitely
consider:
1. What are your assets?
Before making your Will, you should take some time to consider and write
down what the …
We all hope to live out our days in relatively good health and independence. However, we also know that this isn’t guaranteed. If you become incapable of managing your own affairs due to ill health, you need to ensure that you have appointed somebody trustworthy to manage your affairs on your behalf.
It is always preferable that you decide who makes decisions for you in the event that you become incapable to make those decisions yourself later down the line. This is known as creating Lasting Powers of Attorney (LPA).
Employment law is probably the fastest changing area of law and it is hard to keep abreast of the constant updates and changes. We have listed below some of the upcoming key changes to provide a snapshot of some recent employment law updates.
April 2019
Auto-enrolment contributions
All employers with staff in a pension scheme for automatic enrolment need to take action to ensure at least the minimum contributions are being paid into the pension scheme. The minimum contributions for auto-enrolment pension schemes will increase from 6 April 2019 for both the employer and employee. Employers will have to …
There are several reasons why you might consider removing a name from the title to a property, and each situation calls for various courses of action, which are listed below.
Here we will detail the process of removing a name from a title deed in the most straightforward circumstances, before detailing amendments in accordance with common complications.
The process of removing a name from a title deed is called a transfer, of which there are three main types:
A gift of no consideration: This means that the previous owner signs over their share of their property with no expected benefits
A settlement agreement is a contract between an employer and employee (or former employee) that is used to record terms of agreement between the parties following the termination of employment. The main purpose of settlement agreements is that in signing them, the employee waives their rights to bring a claim against the employer in a Court or tribunal, and they usually involve an agreed payment from the employer to the employee.
To be valid, the agreement must be in writing, must relate to particular potential complaints or proceedings, and must state that the relevant statutory conditions regulating settlement agreements have …
Sometimes in a marriage, one party possesses more than the other in terms of wealth or assets. Should these assets be acquired prior to the marriage, then one party may wish to take precautions to protect these assets should the marriage fail. This is possible with a Pre-Nuptial Agreement, which is a formal contract between a couple that sets out for division of their assets in the event of a divorce/separation.
The document is signed before the couple marry and is usually a document entered into by couples who have a particularly uneven distribution of wealth. As pre-nups are becoming …
Dispute resolution can be a stressful and sensitive issue to tackle. A dispute, by its very nature, involves disagreement and potential conflict. This how-to guide is designed to explain, in as simple terms as possible, the different potential pathways and steps one can take in cases of dispute resolution. If you come out the other end of this piece with a greater understanding of the process, then our work here is done!
Before we get into specifics, here are a couple of key points to keep in mind:
Whilst many assume that resolving disputes means going to court if an
What do you get for that difficult-to-buy-for family member at Christmas? We’ve all been there, and chances are a fair number of us have ended up buying some sort of store gift voucher. It’s a simple but useful option that everyone appreciates!
Against the backdrop of reports of some high street retailers going through difficult times, it’s worth bearing in mind that if the retailer whose gift vouchers you have bought ends up in insolvency, administrators routinely refuse to honour the vouchers. Instead the voucher holders are treated as if they are unsecured creditors of the company. In practice, this …
The term ‘DIY Divorce’ refers to a divorce or dissolution that takes place with little or no legal assistance. This means that the various stages of your divorce are handled by you personally, rather than by a solicitor.
More specifically, you’ll go through the process of drafting your Divorce Petition/completing your Acknowledgement of Service Form, completing your Decree Nisi and your Decree Absolute personally.
There are many reasons why you might be inclined to opt for a DIY divorce, but equally, there are many reasons why a DIY divorce may work out to be more costly and time consuming than …
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