Shareholder agreement in UK? We believe communication is of the utmost importance. We will therefore keep you updated as things develop and our solicitors will provide practical, straightforward legal advice so that you can be confident everything is progressing as you would like. There are certain requirements that must be satisfied when preparing a Deed of Variation to your Will. The instrument of variation must be in writing. There is no formal requirement for a deed, unless one is required for another reason (for example if land is involved). However, it is good practice to execute a deed as this will ensure that the variation is enforceable. The variation must be made by the individual who benefits, or who would benefit, under the Will or intestacy and who is giving up that benefit. The beneficiary who is redirecting his/her entitlement must sign the deed of variation. The beneficiary must be “sui juris” i.e. must be of full age and capacity.
As a majority shareholder you may also want to prevent the minority shareholders from setting up a rival business to the company’s business or passing on any confidential information about your company to any potential competitors. Both of these can be provided for in the agreement. If you would like to include restrictions on the transfer of shares, this can be provided for in the agreement – for instance, not allowing sale to a competitor or any other individual who is not involved in the running of or who would not have any interest in the business. Shareholders’ agreements can be drafted to cover rules about how and to whom shares can be transferred, on what terms and at what price.
Buying a new home represents a very exciting step, but there are additional challenges involved if the property you are purchasing is a new build house. These transactions can be more complex than when buying a house or building that already exists, so it is imperative you have access to expert guidance every step of the way. At Blackstone Solicitors, we have a dedicated, expert team on hand to lead you through this very important process. We understand that buying a property can be stressful enough without the added complications of purchasing a new build house, which is why we are here to help make the move as simple as possible.
Why are we better for you? We stand out from the crowd because we care about every case we take on, and doggedly fight to get the result that is fair and right. This is reflected in our ethos of passion and tenacity, which we follow at all times. We understand clients want a law firm to fight their corner every step of the way. We are: Passionate about each and every case, Willing to pursue what we think is right, Highly experienced in getting the right results for our clients, Highly academic – both in our background and our approach, Proud of the work we do. See extra details on Blackstone Solicitors.
Rent arrears recovery doesn’t have to be complicated, especially when you have debt recovery solicitors to help. We have won cases both inside and outside of court for landlords – even where it repossessing a property to recover the rent owed. In many instances, a tenant can simply change their contact details, hoping the landlord gives up chasing payments. Collecting unpaid rent therefore often involves discovering where the former tenant is now situated. Our solicitors are adept at locating and communicating with ex tenants who owe rent.
There is a common misconception among Tenants occupying commercial premises under a lease that the premises can be handed back whenever they decide they no longer want to occupy them. Some Landlords are also under the impression that they can terminate a lease as and when they choose. Both of these views are incorrect. A lease is a contractual agreement between a Tenant and a Landlord and will last for a fixed period of time. Although some leases will include a clause that allows for early determination, most will run until they end by ‘effluxion of time’. However, there are ways to end a commercial lease early, and these processes will differ depending on who wishes to terminate the lease – the Landlord or Tenant – and under what circumstances and when. Both parties will need to be aware of their legal obligations. To speak to a solicitor about terminating a commercial lease, get in touch with us today by calling 0161 929 0121, or complete our online enquiry form and we will get back to you. See extra info on https://blackstonesolicitorsltd.co.uk/.
