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Is a Verbal Agreement Legally Binding UK

Is a Verbal Agreement Legally Binding UK In the United Kingdom, contract law governs the legality and enforceability of agreements, whether written or verbal. While many may assume that contracts must always be documented in writing to be legally binding, verbal...

Service agreements: What is a service agreement?

What is a service agreement? A Service Agreement, also known as a service contract, is a legally binding contract between two parties. In this agreement, one party (the service provider) agrees to provide a specified service to the other party (the client) in exchange...

Business to Business Contracts – A Short Guide

What are business to business contracts? Business to Business (B2B) contracts refer to agreements between two commercial entities. These contracts are foundational to commercial transactions and business relationships. They cover a wide range of interactions,...
Service agreements: What is a service agreement?

Service agreements: What is a service agreement?

What is a service agreement? A Service Agreement, also known as a service contract, is a legally binding contract between two parties. In this agreement, one party (the service provider) agrees to provide a specified service to the other party (the client) in exchange...

Business to Business Contracts – A Short Guide

Business to Business Contracts – A Short Guide

What are business to business contracts? Business to Business (B2B) contracts refer to agreements between two commercial entities. These contracts are foundational to commercial transactions and business relationships. They cover a wide range of interactions,...

How to Issue a Winding Up Petition

How to Issue a Winding Up Petition

A winding up order, also known as compulsory liquidation, is a formal legal action initiated by the court in the UK, compelling a company to liquidate its assets and halt operations. These orders typically stem from winding up petitions filed by creditors who, having...

How to Recover Debt from an Individual: A Short Guide

How to Recover Debt from an Individual: A Short Guide

Wondering how to recover debt from an individual? In the landscape of business transactions, encountering situations where debts are owed is not uncommon. Whether you operate as a sole trader, small business or manage a large corporation, navigating the complexities...

How to recover debt from a company – A short guide

How to recover debt from a company – A short guide

According to recent research, the average bad debt amongst UK SMEs has jumped 61%, from £10,329 in Spring 2022 to £16,641. Additionally, it is reported from the same research, that today, SMEs each have an average of £68,413 owed to them in unpaid invoices....

How to Stop a Winding Up Petition

How to Stop a Winding Up Petition

What is a winding up petition? A winding up petition is a legal document filed by a creditor against a company that owes them money. It is a formal demand for the liquidation of the company's assets to repay the debt owed to the creditor. Essentially, it's a step...

Making a Misrepresentation Claim

Making a Misrepresentation Claim

What is a misrepresentation claim? A misrepresentation claim typically refers to a legal action taken by one party against another, alleging that the other party made a false statement or misrepresented a fact that induced the first party into entering into a contract...

Bankruptcy Petitions: Understanding the Process

Bankruptcy Petitions: Understanding the Process

A bankruptcy petition is a legal document filed by a debtor, either by a voluntary arrangement or involuntarily, to initiate the bankruptcy process. It marks the beginning of a structured legal proceeding aimed at resolving financial distress and distributing assets...

How to wind up a company when owed debts

How to wind up a company when owed debts

If you are owed unpaid debts, you may be researching how to wind up a company. Before proceeding to this stage, you should ensure your have first issued a statutory demand as winding up a limited company should be a last resort. What does it mean to wind up a company?...

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