Huntley Legal's Blog
15 March 2019
28 February 2019
14 February 2019
24 January 2019
It's been a longstanding practice to prevent businesses from being able to assign their rights under a business-to-business (B2B) contract to another business.
It has been normal to include a clause saying that you can't legally transfer a B2B contract to another party. This clause was usually expressed as a prohibition in the benefits and obligations section, and applied whether you were the supplier or the customer. The other common version of the clause was one that prevented the supplier from making such an assignment, unless the customer agreed, but gave the customer more freedom to do so.
There's now been an important change to what you can do with B2B contracts.read more »
10 January 2019
We still don't know what the final outcome of Brexit will be, but a new year is a good time to look ahead at things we know we can plan for.
These are some of the legal areas will potentially be affected, regardless of whether and when the UK leaves Europe, and on what terms.read more »
22 November 2018
Even five or six years ago, there were not many businesses that were entirely online. Most developed an online presence as part of their overall business.
Today, there are an increasing number of businesses that solely exist online. They have no shop-front or offices, and no premises for customers to visit.
People understandably look for simplicity and try to keep costs down, so they often go ahead and set up a website without taking legal advice first. But this is naive. Once the business is up and running, their business model may need changing which can lead to a lot of hard work and expense.
If you are starting a business online or migrating it online, there are a whole bunch of risks and legal issues to consider. Here are a few of them.read more »
08 November 2018
Last month we wrote about buying business assets. This month we look at it from the other point of view, and give advice about what to do in the early stages of planning to sell your business assets (as opposed to selling shares in your business).
Let's assume you've already taken tax advice and decided that you want to sell all or part of your business assets as a going concern.
Many sellers rush to find a buyer, and do little or no preparation before the sale. But doing sufficient preparation early on means the sales process will be smoother once you find a buyer, boost the value of the assets, and enhance the likelihood of the sale going through.read more »
25 October 2018
When buying business assets, it’s wise to start informal enquiries in the early stages, before you instruct a solicitor. Why? Because it helps uncover the extent to which you need to expand these investigations when the purchase reaches a more formal level. In the worst-case scenario, it can also reveal whether it is worth pursuing the purchase further.
Here are some of the due diligence checks you can start to look at even before your solicitor gets involved.read more »
11 October 2018
Last time, we wrote about the four main structures you can use when setting up a Joint Venture (JV). One of the most popular is a contractual JV agreement. Remember, this is when you don't set up a new company; rather, you and your business partner agree how you will work together as two separate companies.
Most commercial matters might seem patently obvious, but it's important that everything is articulated nicely, neatly and clearly. Here are some of the issues to cover at the outset of your JV agreement:read more »
25 September 2018
A Joint Venture (JV) is when two or more people or companies want to work together with a view to making a profit from their commercial activities.
When setting up a JV, there are various structures you can use. This article explains the four that are conventionally used in the UK, so you can choose the one that suits you best.read more »