Amazon’s Brand Registry helps brand owners protect their IP rights and creates “an accurate and trusted experience for customers”. The Registry ensures that the trade mark owners are the only sellers who can sell their products on Amazon.
The Business Tenancies (Protection from Forfeiture: Relevant Period) (Coronavirus) (England) (No. 2) Regulations 2020/994 extend the “relevant period” for the purposes of Section 82 of the Coronavirus Act 2020 to 31 December 2020.
As the impact of the Coronavirus pandemic has continued, the Government announced on 21 August 2020 that the stay on possession proceedings under Practice Direction 51Z and CPR 55.29, which was due to expire on 23 August 2020, was to be extended by a further four weeks until 20 September 2020.
Business terms and conditions are a vital framework setting out how commercial transactions will take place and what is expected of each party.
They contain the detailed terms that will accompany a contract, providing the signatories with the rules that will govern their commercial relationship.
Understanding the language used in the commercial property world is important if you want to avoid costly mistakes and protect your interests. Below is a glossary of some of the most commonly used terms.
A Settlement agreement (formerly known as a compromise agreement) is a legally binding agreement between an employee and their employer by which the parties compromise an employee’s contractual and/or statutory claims. Settlement agreements are most commonly entered into on termination of employment, although they can be used where employment is continuing.
Many companies have taken advantage of the UK Government’s Furlough Scheme following the COVID-19 outbreak to help ease financial pressures, after being forced to close or seeing their operations severely reduced.
A guarantee is a contractual promise to pay the liabilities of another.
When a franchise agreement is entered into between a franchisor and a corporate franchisee, such as a limited company, it is usual for the franchisor to require at least one individual, such as a company director or key shareholder, to provide a personal guarantee that they will satisfy the obligations and liabilities of the franchisee, in the event that the franchisee fails to meet those obligations and liabilities under the franchise agreement.