The following Commercial Q&A provides comprehensive and up to date legal information covering:
In conducting the research for this Q&A, we have focused on the definition of ‘retailer’ within the context only of (i) the key legislation for the supply of goods or services and (ii) contractual interpretation. However, there may be a defined term which exists in legislation having a more specific purpose, which may be relevant dependent upon the circumstances, for example in relation to tax, local government licencing, property or competition law purposes, or under sector specific legislation, for example in the food industry.
For general guidance on the statutory provisions that apply to contracts for goods and services, see Practice Notes: Sale and supply of services contracts, Sa
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This Practice Note considers the different categories of contractual damages that may be available for financial loss (pecuniary loss), ie expectation-based damages, reliance-based damages and gains-based damages.For guidance on contractual damages generally, see Practice Note: Contractual
You may apply simplified customer due diligence (SDD) measures in relation to particular business relationships or transactions which you determine present a low risk of money laundering or terrorist financing, having taken into account:•your organisation-wide risk assessment—see Practice Note:
An ad hoc arbitration is any arbitration in which the parties have not selected an institution to administer the arbitration. This offers parties flexibility as to the conduct of the arbitration, but less external support for the process. It can be quicker than institutional arbitration but not if
Disposal and devolutionThe equity of redemption arises as soon as the mortgage is made. It is an interest in the land which the mortgagor can:•transfer, lease or mortgage inter vivos, or•by will (it passes on intestacy)No cloggingIt is a fundamental principle of a mortgage that there must be no clog
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