The following In-house Advisor practice note provides comprehensive and up to date legal information covering:
The finance department and the legal department usually work very closely with each other in bringing together the commercial terms of a deal provided by management and/or the commercial/sales department to ensure the best financial outcome for the business. Similarly to the legal department, they are likely to have the most interaction with all areas of the business, as opposed to other departments which may have no real day-to-day need to be involved with certain other departments. The finance department will also be heavily involved in all areas of the business engaging with external suppliers to ensure the organisation gets the best deal from the right organisation, that payments are made and received on time, as well as all other departments to ensure budgets are adhered to and not exceeded. In addition, finance works to ensure the business is best protected when it comes to matters such as making sure payment terms fit with the business needs, as well as ensuring that the business has a right of recourse in the event of late or non-payments (where the company is the supplier) and in terms of getting the products and services for which it has paid (where the company is the customer).
The finance team may consist of a variation of the following departments: management accountants (creating internal accounting information to
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When defendants are guilty, they have a choice to plead guilty or to put the prosecution to proof. When they plead guilty they may benefit from a reduction in their sentence as a result, see Practice Note: Credit for guilty plea. However, the Sentencing Council's overarching guidelines on reduction
Practical completion marks the end of the construction period of a project, when the works are 'finished' and the employer can occupy and/or use them. Practical completion also typically marks the start of the defects liability period/maintenance period.As explained below, practical completion is an
There are two kinds of burden:•the legal burden, and•the evidential burdenThe legal burdenA party has the legal (sometimes called ‘the persuasive’) burden where the onus is on that party to prove a fact or issue in a case to the required standard of proof.The legal burden is generally on the
This Practice Note identifies the main torts (bar negligence and nuisance, which are covered elsewhere in our related content) and their key characteristics. Specifically:•trespass to land•trespass to the person•privacy/defamation•liability for animals•employers' liability•product
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