Tax and Business

 Heads of termsYou'll often find documents are created to set out the terms of a commercial transaction agreed in principle with a view to then creating a formal contract at a later date. Three of the many terms for such documents are "heads of terms",... Read more

 Letter of intentLetters of intent are a way of expressing an intention to enter into a contract at a future date, usually on terms which have yet to be further negotiated and agreed.  Such communications are usually not intended to be legally bind... Read more

 Distribution agreementDistribution agreements are typically used as a low-risk means of expanding a business into new markets or territories. It is important for a supplier or manufacturer, when considering how best to market, sell or distribute it... Read more

 Break clause noticeA break clause in a business lease allows one or both parties to end the lease early, as long as certain conditions are met. No two leases are the same, so to ensure you get it right, always check the lease to see what it says ab... Read more

  Invoice An invoice is a legal document of which you have to keep records by law. There is certain information that you must include on your invoices to meet the statutory requirements. The information that you will need to include will be greate... Read more

Letter proposing payment by instalmentYou're suffering a cash-flow problem and own money to a third party. You're reasonable confident that you can pay this off bit by bit over a period of time. ProposalIf you find yourself in this position consider wr... Read more

 Partnership agreementWhere two or more people set up a business with a view to making a profit, a partnership has been created whether or not a formal contract or deed has been executed.  However, if nothing is drawn up, it becomes a partnership a... Read more

  Office share agreementYou may have some spare office space that you believe you can share with another business and so ensure the space pays for itself.  Use an office share agreement to set out the arrangements. Great care needs to be used when... Read more

  Landlord's notice to exclude security of tenureIn a business lease it's possible for the landlord and tenant to agreed that there should be no security of tenure.  This is permitted under the Landlord and Tenant Act 1954 provided formal steps have... Read more

 Second debt recovery letterYou're owed money and your customer hasn't responded to your first letter requesting payment.  You don't want to issue proceedings yet because it's an important customer and you can't really afford to lose their business. Wha... Read more