Business “common sense” should be applied when interpreting and applying commercial contracts, the Supreme Court has ruled. Delivering the ruling, Lord Clarke said: “If there are two possible constructions, the court is entitled to prefer the construction which is consistent with business common sense and to reject the other.” The issue arose in the case
All businesses and individuals now need to be aware of new bribery legislation which came into force on 1st July this year. The Bribery Act describes actions which involve “a financial or other advantage” being offered or received in exchange for “a business function or decision to be carried out improperly” as being potentially criminal.
When drawing up deeds it is vital to meet all the legal requirements – otherwise the document could prove invalid and cost you thousands of pounds, as one firm found recently. The case involved a financial services company that entered into an invoice discounting facility with two directors of a client firm. A deed was
When buying a business it’s important to ensure that the seller doesn’t try to entice away clients or customers once the sale goes through. For this reason, most firms will insist on a covenant preventing the seller from setting up a rival business or soliciting his former customers for a specified period. The value of