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Q&As
Market Tracker is a corporate transaction analysis product that sits within Lexis+® UK Corporate. At its heart is a deal analysis tool which allows users to locate, analyse and compare data in relation to key aspects of public company corporate transactions. In addition, the product offers:
Q&As
An unincorporated association does not have a legal personality and cannot therefore, as such hold property in law or equity. If a trust is purported to be created for a non-charitable unincorporated association, it must be first determined how the trust is to be construed, and then what results flow from that construction. When the trust is created, whether by settlement or by declaration of trust, it will need to satisfy the three certainties, namely: • certainty of intention to create a trust • certainty of subject, the property which will be subject to the trust, and • certainty of object See Practice Note: Nature and classification of trusts—the three certainties. A gift to an
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We do not have a precedent contract in Lexis®PSL Construction that would suit these purposes. We suggest that an appropriate form of contract to use in these circumstances
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Unfortunately, we do not have a single document comprising modern slavery, data protection, anti-bribery and sanctions, however, we refer you to the following Precedents which may be of interest: • Modern slavery—contract clauses • Modern slavery—supplier questionnaire • Information and cybersecurity—supplier questionnaire • Anti-bribery clause • Financial crime prevention compliance—due diligence questionnaire for agent/intermediary Also see: • for a broadly
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See Practice Note: Land registration—classes of title which covers each of the four classes of titles (absolute, qualified, possessory or good leasehold) awarded by HM Land Registry. It looks at when and how a class of title can be upgraded at HM Land Registry, including the process of upgrading possessory title for leasehold properties. After first registration, the registrar has power to upgrade any inferior title if the statutory conditions for doing so are satisfied. The only people who may apply for an upgrade are: • the registered proprietor or the proprietor of a registered charge affecting the land • a
Q&As
This Q&A refers to an agreement/clause dealing with announcements and press releases or an agreement/clause dealing with promotional services. Promotion services agreement A promotion services agreement sets out the product business or services promotion arrangements between a company and its client. The promotion can be through any medium including the internet by the provision of web promotion and advertising services. Such a promotion services contract comes in various forms. The parties may either have a short form agreement or a detailed written promotion relationship agreement. In any form, a properly prepared contract for the promotion of a business, service or product will detail the parties' rights, obligations and undertakings in connection with the required promotion services. The agreement will also set out provisions relating to the liability of the parties. For an example of a Precedent promotion agreement, see: Promotions Agreement:
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We have a number of materials available within Disclosure of beneficial ownership—overview, including a template PSC register within the ‘Forms’ section
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The type of NDA/confidentiality agreement required will depend upon the circumstances of the particular transaction, ie which party/parties are disclosing/receiving the confidential information. The subtopic: Confidential information—overview contains several Precedents which you may find useful. For guidance on practical points to be taken into
Q&As
Limitation: this Q&A doese not consider the tax implications of the proposed gift. It is possible to make a gift of freehold land to a beneficiary, with a condition that if they sell it during their lifetime, the sale proceeds are to be split with other beneficiaries. Such an interest is also referred to as a determinable interest. It is not an absolute interest while
Q&As
An unincorporated association: • is an organisation formed when two or more persons (the members) carry on activities together for a common purpose • does not operate for the purpose of generating profit (in fact, if two or more persons carry on business for the purpose of making a profit, a partnership will be established and partnership law will apply—see Practice Note: The nature of a general partnership and its legal framework) • is not a separate legal entity from its members and officers, which means that the officers and members are personally liable for the debts
Q&As
We refer you to the following material from the Encyclopaedia of Forms & Precedents: • Agreement between two prospective joint venturers to negotiate with or submit a tender jointly
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The only way that the enterprise management incentives (EMI) options can be ‘transferred’ to another company in a manner which will retain the original EMI tax treatment of the options, is by a process referred to as an 'EMI rollover'. This is where replacement options are granted to existing option holders following a takeover of the original EMI company (whose shares were under option) in a manner which preserves the beneficial tax status of the original EMI