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Six questions to ask yourself when limiting liability

This article covers six key things to consider when negotiating the limitation provisions in your contract. In practice what are the risks to the parties? A crucial first step is thinking about the losses that each party could feasibly be faced with if things go...

E-Signatures & Contract Law

Working from home and hybrid working are now commonplace – even more so due to the Covid-19 pandemic. Consequently, there has been significant rise in the use of electronic contracts and e-signatures. In a commercial world where physical contact and use of physical...

Do I Need a Shareholders’ Agreement?

As a start-up you want to minimise expenditure and maximise funds. However, investing in a few key legal areas, such as regulating the relationship between the founders is of utmost importance. No one goes into a business with the intent of falling out with their...

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...