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Blog entries by thelegalstop

  1. Comfort letters (also called letters of awareness, letters of support, letters of responsibility and letters of patronage) are a hybrid between a guarantee and making no commitments at all. Comfort letters are often given by a parent company to a lender in relation to a credit facility being...
  2. The law provides protection to employers against competitive activities of employees and ex-employees by the use of confidentiality clauses and restrictive covenants in employment contracts. Restrictive Covenants One of the most effective means of protecting a business from competition is to...
  3. The Legal Stop is proud to host this FREE Commercial Property Law Webinar with Q&A The Webinar will provide attendees with the most up-to-date information about Commercial Property Law, covering the following topics: CHOOSING THE RIGHT PROPERTY LEGAL IMPLICATIONS OF TAKING A LEASE...
  4. This article provides a brief outline of the legal background when selling goods and services through a website. When selling through a website it is important to have terms and conditions in place. The relevant terms must be set out in writing as an online contract will be as enforceable as any...
  5. Under the Trade Marks Act 1994, any sign which can be represented graphically and which is capable of distinguishing the goods or services of one business from those of another is in principle registrable as a trademark (subject to the absolute and relative grounds for refusal (see below))....
  6. This article outlines the law relating to apprentices. A contract of apprenticeship is different from a contract of employment and is subject to special rules. A contract of apprenticeship involves an undertaking on the part of the employer to educate and train the apprentice in the practical...
  7. At The Legal Stop our aim is to make the law and the provision of legal services both more affordable and more accessible to both individuals and businesses. To many people the whole legal field is opaque and those on the outside often find it intimidating and bewildering. We intend to change that...
  8. Banks and payday lenders are far from the only organisations that offer loans these days. In the current climate of strict lending criteria people are turning to other avenues to obtain much credit when a need arises. If your business is in a position where it is considering giving a loan, perhaps...
  9. Settlement Agreements came into effect on the 29th of July 2013. From 29 July 2013 Compromise Agreements have been replaced by Settlement Agreements. Settlement Agreements are, on the face of it, the same as Compromise Agreements, albeit with a new name; the same conditions need to be...
  10. A Commission Agreement, also known as Introduction or Finder’s Fee Agreement, is an agreement where one party (a Supplier of goods and/or services) wishes to engage another (the Introducer) to introduce potential clients for the services and/or goods in return for a Commission. In other words, the...
  11. Pari Passu is a Latin phrase which means 'equal footstep' or 'equal footing'. In the legal sense, the term is used in the context of 'proportionally; at an equal pace; without preference'. In terms of debt instruments, Pari Passu can refer to loans, bonds and some types of securities which have...
  12. A Deed of Gift is a formal legal document used to give a gift of property, money or shares/securities to another person. It transfers the money or ownership of shares/securities to another person without payment in return. The person who creates and executes a Deed of Gift to transfer money,...
  13. A Consultancy Agreement is a contract for services between an independent contractor (a self-employed individual) and the client for the provision of consultancy services. A consultancy arrangement may be an attractive option for both client and consultant, in part because of the tax...
  14. A contract is a legally binding agreement setting out the rights and obligations of the parties involved. The word "contract" is often misunderstood as it suggests a formal written document. However, according to the law a contract can be made in writing, orally or by conduct. Although verbal...