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Acceptance
The unconditional agreement to an... -
Acquisition
This is the purchase of one company by another without a merger... -
Agency Agreement
This is an agreement which allows one party (the Agent) to sell products (goods or services) on behalf of another (the Principal) in return for commission... -
Agent
Someone who is appointed to act on behalf of another party, the... -
Annual General Meeting (AGM)
A company must hold a meeting of shareholders once each calendar... -
Articles of Association
A document which is required to incorporate a UK... -
Authorised Share Capital
Shares which are available to be... -
Bankrupt
A debtor who, either upon voluntary petition or one invoked by their creditors, is judged legally... -
Bankruptcy
The state of being... -
Breach of Contract
This occurs when a party to a contract fails to abide by the agreed... -
Business Name
Sole Traders and Partnerships can either trade under their own names or have a separate name, known as a Business... -
Comfort Letter
A document which is issued to back up an agreement but which does not have any contractual... -
Company Voluntary Agreement (CVA)
This is a deal between an insolvent company and its... -
Conditions
Conditions form the basis of a contract - if one of them fails or is broken, the contract is... -
Consideration
Something which must be given by either side in a... -
Dissolution
See... -
Distribution Agreement
This is an agreement which regulates the commercial terms whereby one party, the Supplier supplies goods and/or services to another party, the Distributor, for resale in a specified... -
Dividend
The profit of trading divided among the members in proportion to their shares and in accordance with their rights as... -
Exclusion Clause
Clause in a contract which is intended to exclude one party from liability if a stated circumstance... -
Exemption Clause
Clause in a contract that attempts to restrict the liability of the party that writes...
