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Calculating ‘loss of profit’ in a business dispute

Calculating ‘loss of profit’ in a business dispute

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...
Due diligence on a commercial property acquisition

Due diligence on a commercial property acquisition

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...
Do we need an alternative dispute resolution clause in this contract?

Do we need an alternative dispute resolution clause in this contract?

A contract is often compared to an insurance policy; you hope you never have to make a claim. Similarly, you hope you will never need to consult a commercial contract because things have not been going to plan. Of course, if a dispute arises, the contract terms will...
Planning for the end of a contract

Planning for the end of a contract

Imagine a contract you entered into is not going as expected and you want to terminate. All you want is to get out of this contract but, if not terminated properly, this could end up causing you more issues than necessary. Ending a contract cleanly is, therefore,...
Dealing with a dispute arising from an indemnity

Dealing with a dispute arising from an indemnity

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...