I want it in writing!

To create a legally binding contract there must be in place the following four key elements: An offer to enter into a contract from one party to the other; Acceptance of the offer; Intention of the parties to create legal relations; and Consideration - being something (often money) in exchange for what is being offered. With the exception of contracts for land in English Law, there is no requirement for a contract to be in writing, and a verbal contract is just as valid as a written one. Verbal contracts,…

Top 10 tips when selling your business

Deciding to sell your business is by no means an easy choice to make. Here are our top 10 tips for getting everything in order and preparing your business for sale. 1. Obtain a business valuation One of the first things you should do is obtain a realistic idea of what your business is worth from an objective, outside source. A professional valuation will give you a basis for gauging offers from buyers and will give you an idea of what you can expect to achieve on a sale. It…

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