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The unconditional agreement to an...
This is the purchase of one company by another without a merger...
This is an agreement which allows one party (the Agent) to sell products (goods or services) on behalf of another (the Principal) in return for commission...
Someone who is appointed to act on behalf of another party, the...
Annual General Meeting (AGM)
A company must hold a meeting of shareholders once each calendar...
Articles of Association
A document which is required to incorporate a UK...
Authorised Share Capital
Shares which are available to be...
A debtor who, either upon voluntary petition or one invoked by their creditors, is judged legally...
The state of being...
Breach of Contract
This occurs when a party to a contract fails to abide by the agreed...
Sole Traders and Partnerships can either trade under their own names or have a separate name, known as a Business...
A document which is issued to back up an agreement but which does not have any contractual...
Company Voluntary Agreement (CVA)
This is a deal between an insolvent company and its...
Conditions form the basis of a contract - if one of them fails or is broken, the contract is...
Something which must be given by either side in a...
This is an agreement which regulates the commercial terms whereby one party, the Supplier supplies goods and/or services to another party, the Distributor, for resale in a specified...
The profit of trading divided among the members in proportion to their shares and in accordance with their rights as...
Clause in a contract which is intended to exclude one party from liability if a stated circumstance...
Clause in a contract that attempts to restrict the liability of the party that writes...
Terms and provisions of a contract that are expressly written and on which the parties specifically...
Extradodinary General Meeting
Any meeting of shareholders which is not an...
Company resolution that usually does not require any notice of its proposal, but must be passed by a majority of at least three quarters of...
An event which cannot be foreseen (eg. lightning) - liability for which is often excluded from...
This is an agreement for a person or organisation (the Franchisor) who wishes to grant the right to another person or organisation (the Franchisee) to operate an outlet of the Franchise business within a particular...
Wills, Trust and Probate
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Longmores Solicitors, 24 Castle Street, Hertford, SG14 1HP T 01992 300333
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© Longmores Solicitors, 24 Castle Street, Hertford, SG14 1HP T 01992 300333
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