UK confirms legal status of crypto-assets and smart contracts

UK confirms legal status of crypto-assets and smart contracts

Linkilaw 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 _

What’s A Director’s Service Agreement?

Linkilaw Legal Documents

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. …

Partnership Agreements

Partnership Agreements: Everything You Need To Know

Linkilaw Legal Documents

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

Selling A Business: Are Your Contracts In Good Order?

Linkilaw Legal Documents

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. …

Is my business legally compliant

Is My Business Legally Compliant?

Linkilaw Legal Documents

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 …

Business Agreements and Breaches

The Different Business Agreements And Breaches That You Should Be Aware Of As A Business

Linkilaw Legal Documents

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 …

Heads of Terms: A Key Step In The Negotiation Process

Heads of Terms: A Key Step In The Negotiation Process

Linkilaw Legal Documents

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 …

Templates For Legal Documents

Templates for Legal Documents: What Are The Dangers?

Alexandra Isenegger Legal Documents

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 …