Blogs

An Employer’s guide to the effective use of Settlement Agreements

Managing breakdowns in professional relationships is a testing time for any employer. Offering a Settlement Agreement (formerly known as a Compromise Agreement) can be an effective way of dealing with a disgruntled employee and protecting your business from the risk of potential claims.

Settlement Agreements are used in many situations, often to avoid drawn-out performance, disciplinary or redundancy processes or to bring an existing dispute with an employee to a satisfactory and timely conclusion. Taking action against an employee is costly, lengthy and bruising for both sides. A Settlement Agreement offers a swift, clean and even amicable end to an employment relationship that is not working.

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Is a verbal contract worth the paper it’s written on?

The cautionary statement of American film producer Samuel Goldwyn, “a verbal contract isn’t worth the paper it’s written on” doesn’t fully apply to English contract law. Verbal contracts are, in most cases, as legally binding as written agreements.

Lawyers are often asked, “What can I do? I’m in dispute with my supplier; he’s trying to impose more onerous conditions. And by the way, we don’t have anything in writing.” Similarly, “My business partner is threatening me with legal action. Can he do that? We don’t have a contract.” What these clients mean is that they don’t have a signed written contract, but more often than not, they will have a verbal agreement which will stand up in Court.

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A Basic Guide To Overage

If you are selling land to a developer, you will want to achieve the best price, especially if the development planned for the land could increase its value by thousands, or even millions of pounds.  So how can a seller ensure they get the best possible price?

The answer is by having an overage granted over the land.  Overage is a seller’s right to recover additional payment(s) from a buyer at some point in the future, usually after completion of a sale.  Often this right is triggered by the occurrence of an event which increases the value of the land (e.g. the grant of planning or completion of development). Overage may be referred to as clawback, ‘deferred consideration,’ ‘uplift’.

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New Inheritance Tax Rules Coming Into Force In April 2017

The 2017 budget may have brought some bad news to many, especially those who are self-employed, but there is good news on the horizon for people who are keen to avoid paying inheritance tax on their estate.

From 6th April 2017, a new inheritance tax-free ‘residence nil rate band’ will be available on property. However, only some will benefit. This article will discuss how to interpret the new rules so you can plan your affairs to take advantage of them.

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The Right To Return

A Quick Guide To Businesses On Product Returns

Christmas is over. As well as organising and launching your physical and/or online store’s January sales, your staff are likely to be dealing with people wanting to return gifts they received over the festive season. Read More

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Three Ways You Can Speed Up The Conveyancing Process

By: Karen Rieveley

If you are anything like me, it is around the second week of December that a feeling of panic, coupled with a surge of adrenaline kicks in, driving one thought round and around my head – “I want it done by Christmas”. Read More

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Our Testimonials

“Dear Karen,

Thank you very much indeed for all that you, William Brown, and your support team at Hodders have done in connection with this purchase, and with the associated sale of Wallers Haven Barn. There were many times when I thought that we were not going to make one or the other, and it is in very large part down to your persistence that we are exchanged. Your care, patience and attention to detail have been much appreciated.

Mr L
March 2016

 

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