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New protection for innovators with launch of digital asset fingerprinting

A new online digital fingerprinting service has been launched to help protect designs and innovations from copycat misuse. The World Intellectual Property Organisation’s new online business platform – known as WIPO PROOF – is designed to safeguard intellectual assets by creating date and time-stamped digital fingerprints when information is uploaded. Owners of the assets receive tamper-proof evidence to safeguard every stage of the development cycle through to commercialisation.  The aim is to speed up any subsequent litigation over copyright, design or patent, by recording and confirming each stage.   The platform…

How to deal with an estate as an executor during the coronavirus pandemic

Adjusting to the challenges caused by coronavirus has been difficult for all of us. However, for those dealing with the death of a loved one, the onerous obligations placed on executors may seem overwhelming. In recent years there has been an increase in the number of claims brought against executors by beneficiaries. Coupled with increased financial hardship as a result of the coronavirus pandemic, it is vital that executors understand their duties and obligations to avoid claims. In this article we set out what is required of executors, and how…

Chancellor announces Plan for Jobs to help Businesses

Chancellor, Rishi Sunak announced a plan for jobs on 8 July 2020. We set out some of the key highlights. Furlough will not be extended: although it seems attractive, it will be worse for the economy to extend it. So, it will end in October 2020. A new policy has been introduced to reward and incentivise employers who successfully bring furloughed staff back – a new Jobs Retention Bonus. As an employer, if you bring someone who was furloughed and you continuously employ them through to January 2021, the Government will…

Shareholders’ Agreement: why should your company have one?

Although there is no legal requirement to have a Shareholders’ Agreement (‘SHA’), shareholders are often advised to have an agreement when starting a company with more than one shareholder. An SHA is an agreement between all or some of a company’s shareholders defining the parties’ rights and duties and how they will reach certain decisions. The following are some of the important reasons why your company should have an SHA in place: Privacy When a company is incorporated, the Articles of Association of the company are filed at Companies House,…

Job Retention Bonus: employers to receive £1,000 bonus

During his Summer Statement, the chancellor announced key initiatives to help the UK economy recover from the impact of the coronavirus pandemic. The introduction of the Job Retention Bonus was high up on the agenda. What is the Job Retention Bonus? The Job Retention Bonus is a one-off payment to employers for every furloughed employee retained from November 2020 (due to the furlough scheme ending October 2020) to the end of January 2021. The government will award a £1,000 bonus to the employer for each worker still employed by January…

Lasting Powers of Attorney – Is now a good time?

Mr G, a man in his mid-forties was married with three children.  He had his own business which was extremely profitable, and enjoyed his pastime of playing golf and swimming.  He would take flamboyant holidays about four times a year with the family, with at least two involving skiing in the French and Swiss Alps. When he came to see me to draw up his Will,  we discussed preparing  Lasting Powers of Attorney (LPA’s).  “What are they”, he asked? I explained that a lasting power of attorney is a legal…

A growing opportunity for London’s waterside warehouses

With e-commerce businesses booming, it is predicted that half of UK retail sales will be online within 10 years. In line with this, there has been a rise in expectations from Consumers when it comes to online purchases, especially, in relation to the quick turn-around of orders and delivery. Covid-19 has changed the way consumers buy goods. More people are happy to order items online without the need to physically see the items beforehand. As a result, it is vital that any e-commerce business considers how improving their warehouse operations…

Survey reveals half of businesses to lay off staff after furlough

A recent YouGov survey has revealed that half of UK businesses will be forced to lay off staff within three months of the government’s furlough scheme ending. The government’s furlough scheme is set to continue in its current form until the end of July and will continue in amended form until October. Read the full article here...

Coronavirus Job Retention Scheme (CJRS)/Furlough changes explained

As you may be aware the Chancellor extended the furlough scheme, but on 29 May 2020 the Chancellor provided some clarity to how the furlough scheme would work after 31 July 2020. So, we’ve prepared this FAQ to help explain some of the changes. What are the key changes that will apply from July 2020? From 1 July 2020 furloughed employees will be allowed to undertake part-time work. This will affect the information an employer is required to submit when making a claim. Employers will need to provide certain information…

Selling or buying property during COVID-19

One thing is certain, the property market has been paralysed by lockdown. However, the tide is turning so if you are looking to put your home on the market or wanting to purchase a property take note. The advance of modern technology has made everything possible now.  360 Virtual viewings are now an option and your agents can be contacted via email, with some offering video consultations. Sellers, if you are, or have been thinking about putting your property on the market – don’t delay. Now is the time to…

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