It has always been common to lend small amounts of money to friends and family members on an informal basis. Few people bother with a written legal agreement, and even fewer ask for interest to be paid on the loan. However, with increasing numbers of people taking larger loans from friends and family members, it is important to be aware of the potential pitfalls.
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Read jargon-free articles and guidance pieces written in-house by our solicitors and keep up to date with what's happening at Neves.
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contracts
Most savvy business owners know the value of a well drafted contract. It enables parties to come to mutually beneficial agreements which facilitate innovation, creativity, and business expansion. But drafting a contract is easier said than done. A non-lawyer could draft something that looks like a contract but it is deficient and possibly very risky. It may even contain provisions that are not legally enforceable.
Company Commercial and Commercial Property specialist, Kim Sayer, has been promoted to Associate. 🎉🎉
Neves Solicitors has expanded two of their specialist teams with the appointment of Simon Porter and Tina Shah.
When starting a small business there is much to focus on, and with budget and time constraints, sometimes getting robust legal arrangements in place can get overlooked. It may have been just you, testing the waters, and so didn’t need an office, consider brand protection or felt that a quick set of standard terms and conditions sufficed.Â
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