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New UK Freeports: What are they and how will they affect trade?

New UK Freeports: What are they and how will they affect trade?

New UK Freeports: What are they and how will they affect trade? On Wednesday 3 March 2021, the Chancellor, Rishi Sunak, delivered the Spring Budget which included plans for 8 new ‘Freeports’ to be introduced around the UK. The idea behind these ‘freeports’, as stated...
Can you be bound to a contract as a result of an email

Can you be bound to a contract as a result of an email

Can you be bound to a contract as a result of an email Traditionally contracts are entered into between parties by them both signing the agreed terms of the contract or each signing counterparts of the agreed contract. However, now more than ever, most communication...
Budget 2021: What can we expect?

Budget 2021: What can we expect?

Budget 2021: What can we expect? The Chancellor of the Exchequer, Rishi Sunak, has announced that the government will publish the Budget on Wednesday 3 March 2021. Last years Budget was dubbed ‘the coronavirus Budget’ due to the extensive measures Mr Sunak had put in...
Back to back agreements

Back to back agreements

Back to back agreements A back to back agreement is used in commercial arrangement where you enter into a contract with a third party and some or all of your duties and obligations are to be performed by a third party, or you are reliant on the actions of a third...
Benefits of having a contract in place

Benefits of having a contract in place

Benefits of having a contract in place If you have a good relationship with your counterparty you may be comfortable entering into a relationship based on a “gentlemen’s” agreement or a more informal agreement than a written agreement. However, we would always...
Commercial Contracts: Negotiating out of problems

Commercial Contracts: Negotiating out of problems

Commercial Contracts: Negotiating out of problems  How to develop a strategic approach to problems? When issues arise in respect of contracts, before rushing into any decisions and potentially worsening both your commercial and legal position as a business you must...