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Receiving a winding up petition can be alarming for any company director. These court petitions are serious legal proceedings that, if not dealt with correctly and promptly, can result in the compulsory liquidation of a company. However, a winding up petition is not always justified, and in many cases it can be challenged successfully. This…
Intellectual property (IP) agreements are legal contracts that outline the rights, responsibilities, and conditions under which intellectual property is shared, licensed, or transferred between parties. Whether it’s a trade mark, a unique product design, or commercial technology, these agreements help protect the rights of the creator or owner while defining how another party may use,…
What are outsourcing agreements? An outsourcing agreement is a formal contract between a company and an external thirdparty provider in which the third-party provider provides a particular business function on behalf of the company. Instead of that business function being performed internally, the function is ‘outsourced’ to the third-party provider. The agreement often includes Service…
Agency and distribution agreements are important legal contracts. They manage the business relationship between a principal, such as a manufacturer or supplier, and its agent or distributor. The agent or distributor sells or promotes the principal’s products or services in a specific area. In today’s global marketplace, businesses frequently rely on third parties to expand…
What is a commercial contracts lawyer? Commercial contracts are essential for businesses as they provide a clear framework for the standard terms and conditions of day to day business relationships and transactions. Contracts can and where possible should be used with customers, suppliers, contractor staff, and other people or organisations involved in the procurement process….
Are you considering making a breach of contract claim but need help knowing where to start? Our commercial breach of contract solicitors at South Bank Legal are here to assist you. Bringing a claim for breach of contract involves proving that a legally binding contract existed, a breach occurred, and you suffered losses as a…
What is a breach of contract? A breach of contract occurs when one party fails to fulfil their obligations as outlined in a legally binding agreement with another party. Breaches can occur in several ways, including: Failing to complete the contractually agreed-upon tasks: This could be anything from not delivering goods or services on time…
Specific performance is a type of equitable relief available in contract law disputes in England and Wales. Unlike the more common remedy of monetary damages, specific performance orders the breaching party to perform their obligations under the contract, rather than merely compensating the injured party with money. This type of remedy is typically sought in…
Property misrepresentation is a significant concern in property transactions, impacting buyers, sellers, and professionals within the industry. Misrepresentation occurs when false or misleading information is provided about a property. This can lead to various legal, financial, and emotional consequences for all parties involved. There are different types of misrepresentation and remedies to address each type….
What is a liquidated damages clause? A liquidated damages (LDS) clause is a provision within a contract whereby the contracting parties specify and agree on a fair and genuine pre-determined sum of money to be paid in the event that one party breaches the contract terms. The liquidated damages clause ultimately acts as a form…
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