Updates

Planning for the end of a contract

April 9, 2024 - Commercial, Corporate

Our company and commercial solicitors outline how and why termination clauses need to work as cleanly and strictly as possible in a commercial contract.

Is your partnership agreement still fit for purpose?

Is your partnership agreement still fit for purpose?

February 6, 2024 - Commercial, Corporate, Partnership

As a business owner in partnership with others, you probably took great care to consider the key issues and agree a carefully worded partnership agreement at the formation of your business. But once signed, has this important document been filed away under lock and key without a great deal of attention since then?

‘Several factors will influence your choice of legal structure for the deal, including the scope of the project, its likely duration, the level of risk, taxation and funding, as well as your respective negotiating positions,’ says Liisa Paas, a Solicitor in the corporate and commercial team with Bracher Rawlins LLP. ‘The decision whether or not to incorporate should be made very carefully.’

‘By getting your business MBO-ready as early as possible, it is more likely that any deal will succeed, completing quickly with no hiccups,’ says Rachel Atherton, a Partner in the corporate and commercial team with Bracher Rawlins LLP.

Rachel Atherton considers how to ensure your business is fully prepared for a management buyout.

‘You and your tenants may agree on the idea of solar panels to cut energy costs,’ says Alex Fenegan a Partner in the commercial property team with Bracher Rawlins. ‘But it is still vital to ensure that installing them does not leave either of you in breach of the lease.’