News archive: April 2024

• Calculating ‘loss of profit’ in a business dispute
  Posted on April 22, 2024
  If you are involved in a business dispute which has reached the point of discussing loss of profit, then it may be more complicated than you expected to come to an agreed figure. When a court awards damages, the sum determined is intended to compensate you, rather than to punish your opponent, and the objective is to place you in the same position as if the contract had not been breached.
  Read more...
• Is a postnuptial agreement part of your family business succession plan?
  Posted on April 19, 2024
  The 2020s have been called ‘The Great Wealth Transfer,’ as £1 trillion of wealth built up by the ‘baby boomers’ is expected to pass to the next generation. Much of this wealth will pass via a family business, and parents who wish to retire are having to make strategic decisions about succession planning.
  Read more...
• Property dispute: dealing with trespassers or squatters
  Posted on April 19, 2024
  Luton vicar, Mike Hall, hit the headlines last winter after he successfully reclaimed possession of his home (which had been sold on by identity thieves) only to find when he returned to his property that squatters had moved in.
  Read more...
• Promotions and grading; an employer’s guide to the risks
  Posted on April 19, 2024
  Giving employees clear pathways and opportunities for promotion and increasing pay grades will help to improve performance and keep staff motivated and committed to your organisation.
  Read more...
• Dealing with a dispute arising from an indemnity
  Posted on April 17, 2024
  As a business owner you are likely to have been given the benefit of an indemnity in one or more of your commercial agreements. These can be a valuable method of obtaining some assurance that the company or person who gave you the indemnity, usually set out in your contract with them, will compensate you on a certain event happening.
  Read more...
• Due diligence on a commercial property acquisition
  Posted on April 9, 2024
  If you are considering buying a commercial property, it is up to you to find out as much as possible about the property and the surrounding area before you commit yourself. You will need a solicitor to carry out formal searches of public data and look at any legal issues, but you must also look carefully at the site to make sure it will work for you. There are traps waiting for the unwary, so make sure you get expert advice as early as possible.
  Read more...
• Providing for a pet in your will
  Posted on April 5, 2024
  ‘Your pets are an important part of your family, but providing for them in your will is not as straightforward as providing for other family members,’ says Kirsty Shewell, Wills Advisor in the Private Client Team with QualitySolicitors Parkinson Wright. ‘Whilst a cat or dog might be relatively easy to care for, pets such as tortoises, llamas, or horses will likely require specialist care by someone who has sufficient time, knowledge and property to give your pet the care they need.’
  Read more...
• Four new partners appointed at QualitySolicitors Parkinson Wright
  Posted on April 1, 2024
  QualitySolicitors Parkinson Wright is delighted to announce the appointment of four new partners. James Thompson, IT, Paula Amer, Residential Property, Phil Harris, Family Law and Sarah Wood, Private Client. This brings the total number of partners to 25.
  Read more...
• Budget 2024 update; buying more than one property
  Posted on April 1, 2024
  The Government’s 2024 Spring Budget saw significant changes to the way property is taxed, including the imminent abolition of multiple dwelling relief. This will primarily affect investors looking to buy multiple properties at the same time, however, it could also affect you if you are buying a property that comprises more than one unit, such as a house with a distinct annex.
  Read more...