Restrictive covenants in employment contracts are crucial tools for protecting a business’s sensitive information and maintaining a competitive edge. Well drafted covenants may prevent employees, certainly in the short term, from damaging the employer after departure, by working for competitors, soliciting clients, or disclosing confidential information. An over the top approach from the employer will […]
A Share Purchase Agreement (“SPA”) outlines the terms and conditions for buying and selling shares in a company and generally goes alongside other key documents such as a shareholder agreement. SPA’s are primarily used in various business scenarios, including: Acquisitions: When one company buys another company by acquiring all of it’s shares. Investments: When an investor purchases […]
Business owners face many burdens and responsibilities. This inevitably includes the question of what you will do with your business once you are no longer able or no longer wish to manage your enterprise. By speaking with the business property relief succession planning lawyers at Wellers, you can begin taking your first steps towards developing […]
There will come a time for every business owner to consider the succession of his or her business. Ensuring that your business is an attractive target for potential buyers and achieves a good market value requires preparation across a number of different disciplines. Two of the most crucial to address are the legal and the […]
Wellers Law Group were instructed in connection with the sale of an NHS and private dental practice. The sale was structured as an asset sale pursuant to which the Buyer ‘cherry picked’ the assets it wished to acquire. The key stages of the sale were as follows: Download our guide to the key steps of […]
Our Healthcare Services include setting up, buying and selling Dental Practices, Pharmacies and Care Homes, advising on Care Quality Commission (CQC) and NHS issues and regulation Sale of assets of ophthalmology business “Parmjit Bhogal has advised me on the sale of my company goodwill. This sale occurred post liquidation and with the backdrop of the […]
As a result of the enormous economic effects of Covid-19 and the restrictions on businesses which have been imposed, significant difficulties have been faced by commercial landlords regarding the recovery of outstanding rent and taking back possession of their property. We are receiving enquiries from commercial landlords, anxious to know their rights and obligations in […]
With the tremors of the Coronavirus pandemic still reverberating and businesses counting the cost of the forced closures, now more than ever, the question we hear our clients ask is… “Is now a good time for me to sell my business?” Pharmacies may have escaped the forced closures but operating in a world of social […]
Are penalty clauses in commercial contracts enforceable. Under English Common Law
