Category Archives: Business Legal

What Should Companies Ask a Potential Reference During the Hiring Process?

What Should Companies Ask a Potential Reference During the Hiring Process?

If you are trying to figure out whether or not you can hire someone, it is important to talk to people outside of the applicant. That is where a reference check is important. At the same time, when you call up a reference and ask questions, you might not know exactly what to ask. If you want to […]

9 Ways To Prevent Lawsuits Against Your Business

9 Ways To Prevent Lawsuits Against Your Business

  To prevent lawsuits against your business and guard from harming your business, get insurance, keep accurate records, hire an attorney, and maintain high ethical standards in the workplace. Starting a business and maintaining it can be overwhelming and exciting. But all your future goals will be shattered if your business faces a lawsuit. A […]

Legalities To Consider When Expanding Your Business

Legalities To Consider When Expanding Your Business

When you first start out on your business journey, you’ll likely start small. This is a great way to get to grips with running a business without putting yourself at risk. For example, you may begin as a local seller, focusing on providing a service to those who live in your time.  This does not […]

The Importance of Settlement Agreements for Business Owners Settlement agreements are legally binding contracts used to avoid any litigation arising out of an employment contract. However, they can also be used in ongoing employment cases to settle disputes that may arise between an employer and an employee. An agreement should be customized for a particular employee and their specific circumstances. Such agreements can be beneficial for business owners in the following ways. Image cr.: unsplash.com Terminating employment contract As a business owner, you can agree with the employee whose contract is coming to an end to give them a compensatory termination payment. The details of the settlement agreement may provide that the employee will waive their right to file a tribunal claim against you. Therefore, the agreement can protect business owners against further claims, leading to huge losses to their business. The employee cannot waive their right concerning claims relating to personal injury or accrued pension rights. A settlement agreement allows an employer to clear with the employee knowing that no further employment tribunal claim may arise. Sometimes employment disputes may occur in case of employment termination. If you desire to solve employment disputes and achieve the best outcomes, seek settlement agreement advice. Experienced solicitors offer employment advice customized to your business needs. By proposing a settlement agreement, you can avoid an employment tribunal claim, ensuring your reputation and interest are fully protected. Settlement lawyers offer clear legal advice without jargon and our services are affordable. In today’s world, it is all about brand reputation and every small case has the potential to snowball into a big controversy so the best advice is to depend on experienced attorneys. Employee redundancy A settlement agreement can be useful in case of any ongoing grievance. It can provide a framework for performance management and any cases of long-term work absence as a result of a sickness. If a business is being transferred to new owners or a grievance that cannot be resolved through a normal mediation, a settlement agreement may be useful. Each settlement agreement is unique but it must have sections dealing with the settling of claims, payments, tax issues, and any agreed reference. As such, it may be very unlikely that there could be any form of dispute in case an employer is declared redundant. The agreement must be in writing and both the employer and employee should agree after receiving legal advice from a solicitor. The agreements should include the nature of the claim to be settled and how much an employer should be paid if they are declared redundant. The employer should engage in pre-termination negotiations to discuss the terms of dismissal with the employee. Since the agreement is legally binding, the business owner may benefit by having peace of mind and security. Settling employment disputes Employment disputes may occur due to the failure of the employer to meet workplace obligations, inconsistent treatment of employees, cultural differences, and so on. Sometimes employers may bring claims that are not justifiable in particular circumstances. A lawyer may help you to draft and use the settlement agreement to settle any alleged disputes. Most agreements include a confidentiality clause indicating that if there are any disputes between the employer and the employee, this issue should not be disclosed to other employees. The settlement agreement ensures that the confidentiality of the issue is strictly observed. ‘ The agreement can also be used to impose restrictions on post-employment that are referred to as restrictive covenants. These may include not taking customers or colleagues away or engaging in unlawful competition after they leave. The business owner’s resources, such as official documents, keys to lock, and electronic equipment may be protected based on the provisions of the settlement agreement. In case a dispute arises, both the employer and employee must resolve it by an agreement, given that uncertainties may surround the legal proceedings. Protecting the employer’s interests Social media can tempt people who may be frustrated by a particular organization to tarnish the name of that organization. The settlement agreement can prevent an employee from making derogatory or adverse comments about the employer and their staff members. Whereas the negative comments can lead to disciplinary action against the employee, such post-employment comments may not provide an employer with cheap recourse. The details should be included in a settlement agreement to prevent such an occurrence. A non-derogatory clause can be drafted in various ways and cover an employer writing or saying something about their former employer upon leaving employment. In most cases, it covers negative comments about company directors, associates, or brands. Non-derogatory clauses are uncontroversial and standard because they are based on the transparent nature of the settlement agreement. Employers may need to include more information such as restrictions preventing poaching or employees and solicitation of customers. They can take legal advice when drafting and issuing a settlement agreement.

The Importance of Settlement Agreements for Business Owners

Settlement agreements are legally binding contracts used to avoid any litigation arising out of an employment contract. However, they can also be used in ongoing employment cases to settle disputes that may arise between an employer and an employee.  An agreement should be customized for a particular employee and their specific circumstances. Such agreements can […]

Ensuring Legal Compliance

Ensuring Legal Compliance for a New Business

Anybody running a business will be able to tell you how complex the regulatory landscape is at the moment. This can be intimidating to a lot of businesses, especially smaller ones. These are also the ones that are the most vulnerable to lawsuits and are the least well equipped to fight them. However, it doesn’t […]

Reliable Intellectual Property Lawyer

How to Find a Reliable Intellectual Property Lawyer

Technology has certainly allowed people to invent a lot of things that help people live more comfortably. However, because of the availability of information in the world wide web, inventors often find their ideas and products replicated and their rights to intellectual property violated. As such all businesses should have an intellectual property lawyer. What […]

What is a Website Policy and Why You Need One

What is a Website Privacy Policy and Why You Need One

It’s safe to say that websites have become a normality in our modern society. Back in the day, most people used or made websites for entertainment purposes only, but this is not the case anymore. Fun is not the only reason why people use websites. For example, it’s impossible to make it in today’s society […]

Recover Debt

5 Effective Ways To Safely Recover Debt From Limited Companies

Discuss mutually, hire a solicitor or debt recovery agency, take court’s help or statutory demand to effectively recover debt from limited companies.  Paying a debt can impose lots of adverse effects on your business. Starting from the cash flow problems to the arduous journey of chasing the debts can cost you extremely in terms of […]

Simple steps to protect your business from personal injury lawsuits

Simple steps to protect your business from personal injury lawsuits

Being a business owner puts you in a challenging spot. From adding more to the profit rate of your venture to preserving it from any legal hassle, there are countless hurdles to look upon and find a solution to. And one of these is legal issues because as you will see it pays to protect […]

How to Name your Store

How to Name your Store

If you’ve always dreamed of opening your own store, one of the first things you need to do is come up with a catchy name for your business. The name you choose should be unique and memorable so people can find it easily by searching for it online. However, snappy, memorable names are often hard […]

Small Business Legal Hassles- How You Can Be Prepared For The Worst

Small Business Legal Hassles- How You Can Be Prepared For The Worst

Running a small business is no easy task as entrepreneurs often have to deal with much more than they can imagine. Apart from the key decisions regarding management, development, and finances, you will have to struggle with keeping the day to day operations on track. These challenges are big enough, and unexpected emergencies can make […]

Hire the Best Attorney for Professionally Completing your Taxes 

Hire the Best Attorney for Professionally Completing your Taxes 

It can be very frustrating and overwhelming for a business dealing with a gazillion financial obstacles, especially if those are related to tax issues. Taxation is a pressing issue that no business organization can afford to ignore. If you’ve been working as a corporate entity, it becomes a top priority to find the best attorney […]

3 Ways to Protect the Future of your Small Business

3 Ways to Protect the Future of Your Small Business

For the next few months/years as a small business owner, you’re bound to face a lot of challenges. From staying relevant  in the industry to fighting legal battles, the odds seem to be stacked against you. Most of the time, you’ll be limited on resources.  Due to this, it’s critical to find creative ways to […]

Proactive Legal Risk Management For Your Business

Stay Safe! Proactive Legal Risk Management For Your Business

Running a business is fraught with risks and it isn’t much you can do to eliminate them completely. While most of the business owners follow financial concerns closely, legal risks often end up taking a backseat. However, failure to address them can be devastating as they can cause damage in terms of loss of money […]

Why Do You Need to Partner up With a Law Firm When Starting a Business

Why Do You Need to Partner up With a Law Firm When Starting a Business

Firstly building a business from the ground up is an ambitious and life-changing endeavor that’s not without its challenges. Upon establishing your company or startup, you find yourself facing the myriad responsibilities of being a business owner. So, to get started, it’s always in your best interest to partner up with a law firm that […]

What To Consider When Choosing A Law Firm For Your Business

What To Consider When Choosing A Law Firm For Your Business

Choosing a law firm for your business can be a difficult and challenging task. If you want to select one that will make sure you receive the best representation possible, it is important to take some time to think about what to look for in a law firm. This includes your specific business needs and […]

What Business Owners Should Do If an Employee Gets Hurt at Work

What Business Owners Should Do If an Employee Gets Hurt at Work

Business owners small and large can run into real problems if an employee gets hurt in the workplace. Many businesses, after civil suits mounted by employees, have found themselves bankrupt and having to close. If you are a business owner, from any industry, and one of your employees has become injured in the workplace, look […]

How To Handle Your Employees Legal Concerns Without Affecting Your Business

How To Handle Your Employees’ Legal Concerns Without Affecting Your Business

As an employer, you have a big responsibility towards your employees. No matter what style of leadership you are adopting, some basic rules should govern the relationship you have with each and every one of your employees. Many small business owners fail to keep a professional setup within their offices of the close relationships they […]

Business Legal Issues- When Do You Need A Lawyer To Handle Them

Business Legal Issues- When Do You Need A Lawyer To Handle Them

There are countless things that need to be handled to run a business successfully and business owners can always expect to have their hands full. From managing operations to keeping an eye on finances, dealing with clients, and tracking employees, there is a lot that will keep you occupied. Although business legal issues and defense […]

What happens to your Small Business if you are Injured?

What happens to your Small Business if you are Injured?

We know that if you want to start a small business, all it takes is a good idea and a workable capital to get it going. But, small businesses are incredibly hard to build particularly due to the lack of resources. Their capital is so limited that they cannot even bear some minor financial jolts […]