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Tips for acquiring a business and assets

What do you want to buy? One of the main benefits of an asset purchase is the ability to cherry-pick the assets you need and ensure that certain liabilities are not transferred. Price and funding Consider not only the price you want to pay but how you want to pay it....

6 Key Clauses Found in Commercial Contracts

Commercial contracts are needed for any business to operate. This article explores some of the most common clauses found in commercial contracts. What is a Commercial Contract? A commercial contract is a legally binding agreement between two or more parties. Mostly,...

Limiting Contractual Liability

What liabilities cannot be excluded or limited by a supplier in a contract? Limitations and exclusion of liability are often the most contentious and heavily negotiated clauses in a contract. The Unfair Contract Terms Act 1977 (UCTA) confirms that, in a...

Contract Termination – Repudiatory Breach of Contract

This article provides a summary of one of the ways a contract may be terminated and things to consider when terminating contracts under English law. Repudiatory breach of contract Each of the following constitutes a repudiatory breach of contract justifying...

Law Commission’s update on smart legal contracts

 On 25 November 2021, the Law Commission published its advice to the UK government on smart legal contracts. The Paper considers how English law applies to smart legal contracts and identifies particular areas of uncertainty and where reform may be required. What is a...