News & Views

Franchise agreements are often compared to prenups, they are only reviewed when you want to get divorced! However, the franchise agreement is possibly the most important document in the franchise system. If the relationship between franchisor and franchisee breaks down or a franchisee is not compliant, the agreement plays an important part to make sure …

For all of us, 2020 has been a unique year with many putting their lives ‘on hold’ throughout the UK’s first lockdown. During this period of self-reflection, it’s no surprise that many decided to turn their lockdown hobby, or their long-considered ideas, into a new business, as they finally had the time to make it …

UK businesses are in an extended period of uncertainty, and corporate insolvencies are at their highest since 2014, according to the Insolvency Service. The impacts are most visible on the high street where news of established brands going under is a regular occurrence.  This is, unfortunately, only going to be accelerated by Covid-19 and the …

On 25 May 2018 the General Data Protection Regulation (GDPR) came into effect, and was heralded as the EU’s biggest shake up of data protection regulation to date. In the run up to ‘GDPR-Day’ we were inundated with emails from businesses asking us if we wanted to “stay in touch” and asking us to re-consent …

In a decision last week (16 May 2018), the Supreme Court held that a variation clause (also known as a no oral modification (NOM) clause) is legally effective, restoring the order of the County Court which had been overruled by the Court of Appeal. Variation or NOM clauses are commonplace in contracts for various reasons …

The Chancellor’s upbeat spring statement and predictions of the economy growing faster than expected, will hopefully provide some reassurance and optimism for UK businesses and investors. As a business owner, you are no doubt constantly seeking to grow and invest in your business, whatever the economic conditions and political uncertainties, such as Brexit. One way …

The Sherrards’ corporate team worked with their clients Robert McGregor and Eamonn McGarvey on the acquisition of the issued share capital of Hugh LS McConnell Ltd in a buy-in management buy-out (“bimbo”) and creating a new company, “McConnell Group”.  With a strong track record in roofing, cladding and external coatings the aim is to turn …