News archive: September 2022

• Change of Name
  Posted on September 30, 2022
  There are several reasons why you might want to change your name:
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• How to handle a call to pay under a personal guarantee
  Posted on September 27, 2022
  With many people struggling to get on the property ladder, or to afford a home to rent, it has become increasingly common for mortgage lenders and landlords to ask borrowers and tenants to find someone who is willing to act as a guarantor for them – in other words to settle their debts if they are unable to do so.
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• Breach of the duty of good faith: options for directors
  Posted on September 27, 2022
  ‘With great power comes great responsibility.’ This is an old adage that some say dates back to the first century BC, and which is as relevant today as it was at the time it was first conceived.
  
  It is particularly relevant in the context of companies, where a director is given authority and control in respect of a company’s affairs, but where there are corresponding duties designed to ensure that these powers are exercised in a sound way.
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• Worcestershire Law Society Awards 2022
  Posted on September 26, 2022
  QualitySolicitors Parkinson Wright are delighted to have received Family Law Team of the Year Award and Solicitor of the Year Award at the recent Worcestershire Law Society Awards 2022.
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• Employee benefits; pitfalls to avoid
  Posted on September 9, 2022
  Employee recruitment and retention remains challenging for employers and offering an attractive package of benefits can give employers an edge. A wide range of benefits can be offered, including buying or selling annual leave; reduced gym membership; private medical insurance; critical illness insurance and retail discounts or vouchers.
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• Negotiating a commercial finance agreement
  Posted on September 7, 2022
  If you need a cash injection for your business to help with growth costs, or to fund the purchase of plant and equipment, diversification, or expansion, then you will need to think carefully about the finance options open to you and their potential pros and cons.
  
  You will also need to consider your options when looking to raise money to complete a management buy-out, to acquire a competitor or a complementary business, to purchase a freehold or leasehold commercial property, or to invest in a new corporate project.
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• Think twice before using social media during a family dispute
  Posted on September 5, 2022
  It is forecast that, by the end of this year, 90 per cent of the UK adult population will use a social media account at least once a month. This is a remarkable statistic, but perhaps even more remarkable is that the average user is estimated to spend more than two hours per day on social media. There is no doubt that we are putting more of our lives online than ever before. We are more comfortable with posting about our family celebrations, our personal dilemmas and our relationship status.
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• Renters Reform Bill: what does it mean for landlords?
  Posted on September 5, 2022
  The UK Government has announced radical plans to overhaul the private renters’ market, with a new bill designed to shift the balance between landlords and the country’s 4.4 million private rented tenants.
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• Buying a property with cash
  Posted on September 5, 2022
  If you are searching for a new home, you may have come across the term ‘cash buyers only.’ Rather than expecting you to turn up with a trunkful of money, the agent is looking for a speedy sale to someone who does not need to borrow money via a mortgage and is in a position to proceed.
  
  Likewise, if you are selling a property, your estate agent may describe someone as a ‘cash buyer’ indicating that they are mortgage free.
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