Below you'll find a list of all posts that have been categorized as “Legal Documents”
The UK Jurisdiction Taskforce (UKJT), a taskforce of the UK’s Lawtech Delivery Panel, has published an expert legal statement recognising crypto-assets as property and smart contracts as enforceable agreements under English law. The adoption of crypto-assets and smart contracts was being held back due to uncertainty over their legal status, so this statement is crucial for this fast-growing sector of …
What’s A Director’s Service Agreement? A director’s service agreement is a crucial document: It sets out various rights and obligations that arise as a result of appointing a director. While having such an agreement is not a legal requirement, it creates certainty for the director and the company, allowing both parties to be protected in situations of dispute or disagreements. …
Humans, by nature, work better together. Partnerships offer founders someone to share ideas and responsibilities with, and someone to succeed or fail with. When a partnership is formed, one of the first documents the partners should prepare and sign is a partnership agreement. If you’re entering into a business partnership, it’s key to have a solid partnership agreement to protect …
Selling a business is fraught with potential obstacles; your commercial dealings are scrutinised through an in-depth due diligence process to make sure that your business is worth what you think it is. Your contracts are extremely valuable. If your contracts and agreements are below par then you risk a buyer seeking a price reduction or walking away from the deal. …
As a business owner you’re probably tied-up growing your venture and making sure you’re fulfilling your customer’s expectations. However, it’s crucial for you to keep up with all the regulations to protect your business and understand what may happen if you’re non-compliant. What does “legally compliant” mean? Business compliance or being legally compliant refers to a company meeting its legal …
A Service Level Agreement is an agreement negotiated between two parties where one is the customer and the other the service provider. Your customers have confidence in you and you want to keep it that way? A Service Level Agreement (SLA) is the key to never disappoint your customers. What is a Service Level Agreement? A Service Level Agreement or …
When entering the business world it is important that you are aware of the different business agreements that are needed in order to run your company. You don’t have to be a legal expert, however, you do need to have a basic understanding of how the law works in relation to your business. A lot of jurisdictions around the world …
Whether you’ve successfully scaled your business and have buyers knocking on your door or you’re looking to acquire a business yourself, you’re likely overlooking a key step in the negotiation process: Heads of Terms. What are Heads of Terms? Also known as Letters of Intent or Memoranda of Understanding, Heads of Terms set out the main points of a deal …
You often hear lawyers or other legal service providers warn against using templates for legal documents. You might think they’re just protecting themselves and their business by trying to scare customers away from the competition, but that really isn’t the case. There are a number of inherent risks in using templates for legal documents, so before you do, be sure …
If you’re a startup with two co-founders, you may be tempted to split your equity 50/50. In theory, this may seem like an easy and fair way to divide ownership. However, an equal equity split may lead to a number of future problems that you should consider before going this route. Although rarely discussed because it’s a sensitive matter, founder …
