The relationship of principal and agent is a common one in promoting sales or purchases of products. The manufacturer needs a third party to promote his goods and secure sales and so appoints an agent (often in exclusive geographic areas) to secure sales. Because of the potential for exploiting the agent?s position, since 1993 the Commercial Agents Regulations have applied to all such relationships where agents have authority to negotiate the sale or purchase of goods, or to secure and conclude the sale or purchase of goods on behalf of another. Read Full Article
Many people will be familiar with the rule in property law that if you allow a third party to remain on your land without permission for twelve years or more then that third party may become entitled to claim a possessory title. Read Full Article
On death, Inheritance tax is levied at *40% on that part of the value of the estate which exceeds £275,000. It is the market value of assets which is relevant. It is a common misconception that Inheritance tax is a problem only for the wealthy, but in today's climate when agricultural land and buildings fetch a price on the open market far exceeding their agricultural value, most farming families who own any part of the land they farm have a potentially serious Inheritance tax problem.
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From 19th June 2006 all Leases granted out of Registered Land for 7 years or more must be Prescribed Clauses Leases (PCLs). There are few exceptions and the Land Registry?s objective is that leases for 3 years or more become registrable.
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When preparing or negotiating contracts on behalf of clients, the single most important factor in a lawyer?s mind is the question of liability. Read Full Article