An earn-out is a deferred payment based on the post-completion performance of the target company. The earn-out is normally calculated with reference to the target company’s profits over a period post completion, but may be linked to other financial or...
Will formalities Under the Wills Act 1837, a Will must be signed by the testator in the presence of two independent witnesses who have no interest in the Will. The witnesses also sign the Will and each state their name, address and occupation. This...
The short answer to this is no. The Court will want to know the other party is aware of the proceedings and has the opportunity to engage. However, if they have been personally served with the paperwork and still do not engage, the Court can...
Welcome Section 6(1) of the Equality Act 2010 sets out the statutory definition of disability. A person has a disability if they have a physical or mental impairment which has a substantial and long-term adverse effect on their...
If you are in a cohabiting relationship with another person, you will need to disclose the assets and income of the cohabitee within the financial disclosure process. The Form E has a question relating to new partners and failure to answer the question will...
Completion accounts are a method which may be used to confirm and/or adjust the purchase price, post completion when buying or selling the shares in a company. It may be something that the parties may consider if, for instance, the historic financials (e.g.,...
The term "alphabet shares" is typically used to describe different classes of shares which have been designated a letter (‘A shares’, ‘B shares’, etc.) in order to distinguish between the different rights attached to the...
If you cannot attend a family law court hearing, the Court could make orders in your absence. You may also have it pay the other parties wasted legal costs for the ineffective hearing. This could be avoided by an application to adjourn the hearing...
Suffering a bereavement of a loved one can be one of the most challenging times many of us go through during our lives. If your loved one left a will and named you as executor, you may wonder exactly what is expected of you. Many people find it...
Although something that many of us do not want to think about at the time, it is very important to protect assets when getting married, especially where a business interest is concerned. A Pre-Nuptial agreement is a contract entered into before marriage...
