Indemnities and limited liability clauses are often the most negotiated provisions in business contracts. It is a fine balance between agreeing appropriate risk and allocating protections, while at the same time remaining reasonable in order to conclude the deal. The two legal provisions have different purposes and sit on opposite sides of the contract. For example, it is easier to think of indemnities being useful for the customer or client in a contract: their prime purpose being protection. On the other hand, limited liability clauses are more useful for the supplier in a contract in order to limit their exposure.…

JPP’s Litigation Lawyer Jodi Tierney is very used to dealing with high value litigation but rarely do the cases spark interest from the national press. However, when the matter involves a renown Mexican artist and missing artwork, a case gains public interest.   Jodi successfully represented Principal Art S.L when a painting on loan was not returned. A summary of the case is as follows.   “In a London court, an art dealer, Esperanza Koren, has been ordered to pay £111,000 for a missing abstract painting by Mexican artist Bosco Sodi. The painting, described by the judge as resembling a…

Crowdfunding has become an increasingly popular form of funding for entrepreneurs with a good business plan, or early stage companies looking to take their business to the next stage of its development. In the UK, crowdfunding is well established and regulated by the Financial Conduct Authority (FCA). In this article, we will explore the landscape, and look at the pros and cons of using crowdfunding as a financial tool for a business starting out, or growing. What is crowdfunding? Crowdfunding is a way of raising money through the collection of contributions from investors through a crowdfunding platform. Examples include Indiegogo,…

If you are planning to sell your business, one option might be a management buyout (MBO) if you think the current management team could be interested in buying you out. Planning well ahead will help to ensure that the MBO team is right for the deal, that your business is presented in the best possible shape so that the buyers and their funders can see value and future potential in the proposed acquisition – and that you will receive your just rewards. By getting your business MBO-ready as early as possible, it is more likely that any deal will succeed,…

One of the most important factors behind the success of every startup and scaleup is adequate funding. Without it, the business won’t be able to move to the next stage of its development. Fortunately, for businesses operating within the United Kingdom, there are plenty of support and UK startup funding options for a businesses with plans to grow. Here, we look at some of those options, as well as the importance of seeking sound legal advice throughout the funding process and the business lifecycle. Government UK Startup Funding Options When looking for business funding, the first place to look should…

Settlement Agreement Advice – The JPP Law Process To arrange a consultation with a qualified and experienced settlement agreement solicitor please complete the steps below. Step 1: Complete the online form below Step 2: We will then request further information namely, a copy of your settlement agreement and two forms of identification. Please note for compliance puropses we NEED this information before we speak with you.  If we don't have ALL the required information, we may need to reschedule your appointment time. Step 3: Once you email the documents, you will immediately receive a link to book an appointment with…

If you are being are redundant and have been offered an enhanced exit package which is to be formalised by a redundancy settlement agreement this Q&A will be of interest. If you need settlement agreement advice talk to JPP Law. Our experienced settlement agreement solicitors provide remote legal advice over the phone or video call. It's easy to book via our online system (same day appointments often available) and it's a fast turnaround on the paperwork. For more information visit: Settlement Agreement Advice What is a redundancy settlement agreement? A settlement agreement is a legal contract between you and your…

In March 2023, the UK government launched the International Technology Strategy with the goal of transforming the UK into a tech superpower by 2030. In doing so, it promises to work closely with governments, academia and industry to create international partnerships with emerging science and technology nations, create jobs and opportunities for tech businesses across the country. This move should help businesses looking to launch innovative technologies in the coming years, but what other advantages exist for tech companies looking to launch products in the UK. Fostering tech excellence The UK is ranked fourth in the Global Innovation Index for…

With predictable revenue streams, it is understandable why a subscription business is attractive. Recent years have seen the launch of various innovations, such as monthly recipe boxes, coffee pods or health products, with numerous digital apps adding to established subscription services such as magazines or a wine club. Online trading platforms, such as Shopify or Kofi, make it easy to set up a new business and the subscription model has taken on new life, but there is a web of legal considerations that businesses need to comply with. As yet, there is no prescribed ‘subscription law’ but this area of…

Enterprise Management Incentive Schemes ( EMI Schemes ), offer significant tax benefits for both companies and their employees by granting the right to shares in the company to employees in the most tax-efficient way (geared towards attracting and retaining employees).  Now the Government has brought in changes to the EMI qualifying conditions, aimed at simplifying the administration of these schemes.  Would your business qualify? Request the EMI Eligibility Questionnaire using the form at the bottom of this page. What has changed and what has JPP Law done to adapt?   Several important changes are now implemented in JPP Law’s Share Option…