The outbreak of the coronavirus has seriously affected the UK economy in recent weeks. Many businesses are being confronted with serious commercial considerations while others have been forced to stop trading altogether. On 28 March 2020, the Business Secretary Alok Sharma, provided a lifeline in the form of new insolvency measures to help those people and businesses that find themselves …
Coronavirus And Force Majeure Clause For Business
Travel restrictions, event cancellations, and sick and self-isolating workforces due to the impact of COVID-19 are causing difficulties for businesses across the globe and in the UK, many of which are now unable to perform contracts in the manner agreed with their contractual counterparties. What recourse may you have if your contracts are affected? Force majeure clause The first consideration …
Why Your Business Should Conduct An Annual Audit
As a high-reaching business owner trying to keep up with the ever growing competition and customers’ demands, you probably like to cut corners whenever possible. If we’re right, then you may have frowned at the piece of advice from our title, but give us the benefit of the doubt for a second. While the benefits of conducting an annual audit …
New Laws Every Business Need To Know For 2020
A new year is here and is the time for setting new goals, starting new projects and preparing your business for this new period of time. 2020 will be a really important year for the UK as the divorce with the European Union will occur probably at the end of January. However, other important regulations will take place affecting businesses, …
Tag along drag along rights explained
There are many different aspects of a Shareholders’ Agreement. This is to explain what Tag Along and Drag Along rights are. What are tag along and drag along rights? A tag along provision also called ‘co-sale right’ is a clause that allows minor shareholders to ‘tag along’ with a larger shareholder or group of shareholders if they find a buyer …
6 Recent Environmental Regulations: A Quick Fire Guide For The Over Burdened Business Owner
Business owners feel justifiably burdened by the weight of environmental compliance legislation and let’s face it, there’s always something more important to do so, we at Linkilaw like to be super helpful and this is our quick fire guide to the recent environmental regulations you really should be aware of. Control Of Asbestos Regulations 2012 Recent environmental regulations came into force …
Should Your Business Have A Retained Fee Agreement With Your Lawyer?
Even within the relatively short life span of Linkilaw, we’ve seen a significant shift in consumer expectations with commercial legal services and in particular, how to control costs. The traditional timed billing model worked well for lawyers, able to shift commercial risk onto the shoulders of clients, who were then at risk of paying for their lawyers inefficiencies. But with …
Keep It Secret, Keep It Safe: Non-Disclosure Agreements
Businesses And Confidential Information Some secrets are kept for good reason, and nowhere is this more true than in the business world. Companies tend to forget that their intellectual property is one of their most valuable assets. With that in mind, protecting any information about the business affairs is important if the company wishes to avoid any unwanted competition, a …
How Good Ethics Will Help You Build A Strong Business
Good ethics should be considered an equally important factor to build a strong business and culture just like other factors such as salary, fulfilling work, good management, and more. In fact, according to a new 2016 Deloitte Millennial Survey, respondents said that workplace culture and responsibility are key factors that determine how successful a business will be, which underlines how …
What You Need To Know About The UK Tier 1 Entrepreneur Visa
The United Kingdom Tier 1 Entrepreneur Visa aims to make the UK entrepreneurial scene more inclusive and diverse. So, if you’re an entrepreneur outside the UK and the EEA, you might want to consider applying for the Tier 1 Entrepreneur visa. However, applications are often rejected and must be thoroughly thought through! So find out below how to successfully apply …