Protecting Your Secrets: The Ins and Outs of Effective NDAs

Steven Grant

Protecting Your Secrets: The Ins and Outs of Effective NDAs

When it comes to safeguarding your confidential information, Non-Disclosure Agreements (NDAs) play a crucial role. Whether you are a business owner, an entrepreneur, or an individual seeking legal protection, understanding the ins and outs of NDAs is essential. In this blog post, we will delve into the key aspects of effective NDAs and provide you with valuable insights on how to create a robust agreement that safeguards your secrets.

The Importance of NDAs

Before we dive into the intricacies of drafting an NDA, let’s first understand why these agreements are so important. NDAs serve as a legal contract between two or more parties, ensuring that confidential information shared between them remains protected. By signing an NDA, the receiving party is legally bound to keep the disclosed information confidential and refrain from sharing it with unauthorized individuals or entities.

For individuals seeking legal representation in the UK, NDAs can be particularly vital in various scenarios, including criminal defense, personal injury, and family law issues. Whether you are a victim of a personal injury incident, facing criminal charges, or dealing with a sensitive family matter, an NDA can help maintain the privacy of your case and protect your rights.

The Key Elements of an NDA

When drafting an NDA, certain essential elements must be included to ensure its effectiveness. Let’s explore these key elements:

1. Definition of Confidential Information

Clearly defining what constitutes confidential information is crucial to avoid any ambiguity. This section should outline the specific types of information that are considered confidential, such as trade secrets, financial data, customer lists, or proprietary technology.

2. Obligations of the Receiving Party

The NDA should clearly state the obligations of the receiving party regarding the confidential information. This includes a commitment to maintaining confidentiality, refraining from disclosing the information to third parties, and using the information solely for the intended purpose.

3. Exclusions from Confidentiality

It is essential to specify any exclusions from the confidentiality obligations. This may include information that is already publicly available or becomes publicly known through no fault of the receiving party.

4. Timeframe and Termination

An NDA should have a specified timeframe during which the confidentiality obligations apply. Additionally, it should outline the circumstances under which the agreement can be terminated, such as mutual agreement or breach of contract.

5. Remedies for Breach

In the unfortunate event of a breach of the NDA, it is crucial to include provisions for remedies. This may involve seeking injunctive relief, monetary damages, or any other appropriate legal remedies.

How to Write an NDA

Now that we have discussed the key elements of an NDA, let’s explore the process of writing one. While it is always recommended to seek legal advice from a qualified solicitor, understanding the basic steps can be helpful:

1. Identify the Parties

Start by clearly identifying the parties involved in the agreement. This includes providing their full legal names and addresses.

2. Define the Confidential Information

Specify the types of information that will be considered confidential under the agreement. Be as specific as possible to avoid any confusion or disputes in the future.

3. Outline the Purpose

Clearly state the purpose for which the confidential information will be shared. This helps establish the intended use and ensures that the receiving party does not misuse the information.

4. Include Obligations and Restrictions

Detail the obligations and restrictions imposed on the receiving party. This includes confidentiality obligations, non-disclosure requirements, and restrictions on sharing the information with third parties.

5. Specify the Duration

Set a specific timeframe during which the NDA will remain in effect. This ensures that the receiving party understands the duration of their confidentiality obligations.

6. Address Breach and Remedies

Include provisions that outline the consequences of a breach of the NDA. This may involve legal remedies, such as monetary damages or injunctive relief.

While these steps provide a general framework for drafting an NDA, it is important to consult with a solicitor to ensure that your agreement complies with UK laws and adequately protects your interests.

External Resources for Writing an NDA

If you are looking for further guidance on writing an NDA, we recommend checking out this comprehensive guide on how to write a non-disclosure agreement provided by Adams Law Solicitors. This resource offers valuable insights and practical tips to help you create an effective NDA tailored to your specific needs. Click here to access the guide and learn more about writing an NDA in Ireland.

Conclusion

Protecting your secrets and confidential information is paramount, especially when dealing with legal matters. NDAs serve as a powerful tool to safeguard your sensitive information and maintain your privacy. By understanding the key elements of an NDA and following the proper steps to draft one, you can ensure that your secrets remain protected. Remember, seeking legal advice from a qualified solicitor is always recommended to ensure that your NDA is legally sound and tailored to your specific circumstances.

A brief guide to selling shares in a limited company

Steven Grant

Why do you want to sell?

You may want to remove yourself from the business for a number of reasons you may be retiring or you may just want to make a profit. Whatever your reasons there are a number of ways to sell your shares in limited company in the UK.

You may want to sell all of your shares or just some of them. There are a few agreements which can make this process easier:

Articles of association

Shareholders agreements 

Shareholders agreements 

Shareholders agreements are an often-overlooked but important source of protection for small companies. They should be needed for any company with more than one owner, and for partnerships and other kinds of ownership.

A shareholders agreement can cover issues such as transfer of shares and the role of any new members in the company. The role of shareholders may also changes the company evolves and this may affect the nature of any transfer or sale of shares. 

And also set out actions based on future events such as

  • the sale of the company
  • one shareholder buying out another
  • third party capital
  • sale of assets
  • the company being wound up

Articles of association

Articles of association are contracts between shareholders and a company that’s set out how the company will be run.

 articles of association or relevance when looking to sell or buy shares because they may set out issues such as

  •  The Liability of shareholders
  •  the power role and responsibility of directors in the decision-making process
  •  the rights of shareholders when it comes to transfer AND  payments at dividends
  •  how voting will work in general meetings and how decisions can be made.

Companies in England and Wales must have articles of association in order to be legally formed.

The articles of association are a public documents where is the shareholders agreements is confidential and can provide roles rights and obligations of the shareholders. Both of these documents work together to protect the shareholders rights and ensure the smooth running of the business. 

Selling Assets

Selling the assets of a business is an alternative to selling the shares. 

Assets can include Goodwill furniture and it equipments fixtures inventory and investments and they could be sold directly to a new owner.

You may also be sold as a going concern which means that the business retains its existing operations and continues in its existing form after the assets have been sold.

How to transfer shares

Shares can be sold or transferred to other parties. Shares can be transferred to other shareholders in exchange for cash payments goods or services. Another reason maybe to write off debts auto gift shares to friends and family members.

In rare cases a shareholder may gift shares to another person with no payment required simply because they no longer wish to be involved in a company. 

The Basics of Cybersecurity: How to Protect Yourself and Your Company

Steven Grant

Cybercrime is on the rise, and businesses are increasingly becoming targets. In order to protect your company from cybercrime, you need to have a plan in place with the necessary steps to avoid such crimes. You also need to safeguard sensitive data with encryption and secure devices. There are some basic defenses that can help protect your business against most common cyber-attacks.

What is Cyber Crime?

Cybercrime is a criminal act that is committed using a computer or a network. It can include activities such as hacking, online fraud, and stealing data.

Cybercrime can have a serious impact on businesses, including financial losses, damage to reputation, and loss of confidential information.

Businesses need to take steps to protect themselves from cybercrime by implementing security measures and training employees on how to stay safe online.

What are the common ways for businesses to be attacked with cybercrime?

The most common ways for businesses to be attacked with cybercrime include phishing, malware, ransomware, and social engineering.

Phishing

Phishing is a type of scam where someone tries to get you to click on a link or open an attachment in an email. The goal is to steal your personal information, such as your username and password.

Malware

Malware is software that is designed to damage or disable computers. It can be installed accidentally when you download something from the internet, or it can be delivered through a phishing attack.

Ransomware

Ransomware is a type of malware that locks your computer or mobile device until you pay a ransom.

Social engineering

Social engineering is the practice of manipulating people into revealing confidential information. This can be done in person by someone pretending to be a co-worker, or it can come in the form of an email.

How to protect yourself and your business from cybercrime

In order to protect yourself from cybercrime, you need to have a plan in place with the necessary steps to avoid such crimes. You also need to safeguard sensitive data with encryption and secure devices. There are some basic defenses that can help protect your business against most common cyber-attacks.

Be aware of your surroundings. Be careful when visiting unknown websites, opening unknown attachments, and accepting invitations to connect with strangers on social media.

Change your passwords often. A strong password should be at least eight characters long and include letters, numbers, and symbols.

Use anti-virus software with real-time protection. Make sure it includes ransomware protection in order to block threats before they can do damage.

Back up all data regularly to limit the impact of a cyberattack or ransomware attack. It is best if you keep this backup data on an external storage device that isn’t always connected to your computer or network.

Implement two-factor authentication where possible. This means you need more than just a password to gain access to sensitive accounts. For example, you may need a temporary code that is sent via text to your phone before you can gain access.

Train employees on how to avoid cybercrime. Regular training sessions help raise awareness and reduce the risk of successful attacks against your business.

There are a few basic defenses that businesses can use to protect themselves from most common cyber-attacks. These include:

  • Using an internet security suite
  • Using strong passwords
  • Keeping all software and systems updated
  • Ensuring social media accounts are secure
  • Using a secure Wi-Fi network
  • Checking regularly for security breaches

8 things you need to know about the GDPR

Steven Grant

The GDPR continues to affect any company that collects and stores personal data of EU residents and this updated legislation will change how we use technology, manage customer information and conduct business.

The General Data Protection Regulation (GDPR) is a new piece of legislation that will unify data privacy laws across Europe.

The GDPR will affect any company that collects and stores personal data of EU residents, and this updated legislation will change how we use technology, manage customer information and conduct business.

What is the GDPR? and why was it created?

The General Data Protection Regulation (GDPR) is a new piece of legislation that will unify data privacy laws across Europe.

The GDPR was created in response to the increasing number of data breaches and cyber attacks, and it will give individuals more control over their personal data.

The GDPR will also establish new rights for individuals, such as the right to be forgotten and the right to data portability.

The GDPR was created in response to the increasing number of data breaches and cyber attacks.

In 2017, there were more than 2,500 reported data breaches in Europe, and these breaches resulted in the loss of millions of euros.

How will GDPR affect businesses?

The GDPR will affect any company that collects and stores personal data of EU residents, and this updated legislation will change how we use technology, manage customer information and conduct business.

What changes will be made to how we use technology ?

The GDPR has stricter requirements for ensuring appropriate consent and transparency, and there is a greater focus on data security and breach notification.

As a result of the GDPR, companies will need to conduct impact assessments for high-risk processing activities.

Companies will be required to appoint data protection officers (DPOs) if they are involved in large-scale systematic monitoring of individuals or process large scale information on sensitive topics such as health or ethnicity.

What are the new rights under GDPR?

GDPR gives individuals more control over their personal data, but this includes increased responsibilities for businesses that store customer information. Corporations must build systems for retaining proof of compliance with the GDPR policies within company records to demonstrate that you have followed the guidelines.

How will customer information be managed ?

GDPR will prohibit companies from transferring personal data to countries outside the EU unless they ensure an adequate level of protection. This means that many businesses may need to implement new policies and procedures, such as model contract clauses or binding corporate rules (BCRs), in order to transfer information.

What are the fines for non-compliance?

The GDPR has two tiers of fines: lower level fines for minor offences and higher level penalties for more serious violations. Fines vary by country but can go up to €20 million or 4 per cent of global annual turnover (whichever is greater).

What are some of the consequences for not complying with the GDPR ?

Companies not in compliance with GDPR, could face higher costs associated with data breaches, lost customer trust and loss of business. Non-compliance may also result in the company losing customer loyalty and market share.

What can businesses do to become compliant?

Businesses should conduct a risk assessment on how they process personal data and whether or not certain practices are consistent with the GDPR. If you are unsure, you should consult a legal expert to better understand your responsibilities under this new regulation.

What legal services do startups need?

Steven Grant

What legal services do startups need?

It’s important for startups to have an understanding of the legal issues they may encounter, including; hiring a startup lawyer, correct company formation, protecting your personal assets, protecting your business know-how and ideas, understand what founders should do, hiring employees, getting funding and creating business contracts.

Legal services that startups need

As a startup, you’re likely to encounter a number of legal issues that you’ll need to be aware of in order to protect yourself from potential problems down the road. Some of the most important legal services that you’ll need include:

Hiring a startup lawyer: It’s important to have an experienced lawyer on your side who can help you navigate the complicated legal waters of starting a business.

According to Crest Legal, lawyers  provide legal advice to startups on everything from incorporation and shareholder agreements to employment contracts and protection of IP.

Correct company formation: Incorrectly forming your company can lead to serious legal problems down the road, so it’s important to take the time to do it correctly.

Protecting your personal assets: If your business fails, you don’t want your personal assets to be at risk. Protecting them with appropriate

Hiring a startup lawyer

A startup lawyer can help you to navigate the legal waters of starting a business and can help to keep your business on track.

They can advise you on the best way to form your company, protect your personal assets and protect your business know-how and ideas.

They can also help you with hiring employees, getting funding and creating business contracts.

If you’re starting a new business, it’s important to have a good understanding of the legal issues that you may encounter. A startup lawyer can help you to navigate these waters and keep your business on track.

Nerdwallet have a great guide for finding a startup lawyer.

Company formation

When forming a company, there are a few key things to keep in mind. First, you need to decide what type of company to form – a corporation, limited liability company (LLC) or limited partnership are some of the most popular options.

Each type of company has its own set of rules and regulations, so be sure to choose the one that is best suited for your business.

You also need to decide where to form your company.

Most startups choose to form their company in their home country state, but you may also want to consider forming it in another state / province or country that offers more favorable tax laws or has friendlier business regulations.

Finally, you need to appoint directors and officers for your company and draft bylaws which will govern how your company is run.

Lexisnexis have a great guide on setting up a company.

Protect your personal assets

If you’re starting a new business, it’s important to protect yourself from potential lawsuits by taking steps to shield your personal assets.

One way to do this is to form a limited liability company (LLC) or limited partnership. This will protect your personal assets from being seized in the event of a lawsuit against your business.

Another way to protect yourself is to purchase liability insurance. This will help to cover the cost of any damages that may be awarded in a lawsuit against your business.

You can also protect yourself by owning your business assets in a separate entity such as a trust or limited liability company. This will help to ensure that your personal assets are not at risk if your business is sued.

Find out who needs professional indemnity insurance.

Getting investors

If you’re approached by someone with an offer to invest in your startup, it’s important to take the time to evaluate the offer and make sure that it’s the right fit for your business.

Here are a few things to keep in mind:

  • Do your research: Make sure that you do your research and understand who the investor is and what they’re looking for.
  • Get a lawyer: It’s always a good idea to get a lawyer to help you evaluate any investment offers.
  • Take your time: Don’t rush into anything – take the time to evaluate the offer and make sure that it’s right for your business.
  • Look at the terms: Make sure that you understand the terms of the investment offer and how it will affect your business.

Hiring employees

When hiring employees, there are a few key things to keep in mind.

First, you need to make sure that the person you’re hiring is the right fit for your company.

Second, you need to make sure that you’re complying with all of the applicable employment laws.

Finally, you need to make sure that you have a good understanding of what the employee is entitled to, such as vacation days, sick days and health insurance.

Get the right contracts

When it comes to business contracts, it’s important for both parties to come to an agreement that is beneficial for both sides. This can be done through effective contract negotiations.

Contract negotiations allow both parties to discuss the terms of the contract and come to an agreement that works for everyone.

This can include things such as the price of the product or service, delivery dates, payment terms and any warranties or guarantees.

By negotiating a contract that is beneficial for both parties, you can avoid any misunderstandings or disagreements down the road.

It also helps to build a relationship of trust between the two businesses.

Startups need to be aware of the many legal issues that can arise and take the necessary precautions to protect themselves. By working with a startup lawyer, forming a limited liability company and taking other steps to protect your personal assets, you can help to reduce the risk of any legal problems.

How can businesses deal with the threat of a legal claim

Steven Grant

A company should always have a plan in place for the possibility of a legal claim, and this means having a process that can be followed when it does happen.

For example, if an employee is accused of harassment or discrimination, there should be a policy in place to document everything from interviews to statements from witnesses, as well as an investigation by HR managers.

It’s crucial that these plans are documented so they’re available if needed later on down the line.

Businesses might want to start by reading up on what their rights are under the law with regards to handling employees who may cause problems at work or outside of work.

Find out more about conflicts using the DEAL method 

The types of legal claims businesses face

There are a variety of legal claims that businesses can face, and some of the most common ones are listed below.

  • Employment law claims: These can include wrongful dismissal, sexual harassment, and discrimination.
  • Copyright infringement: This happens when a business uses another company’s copyrighted material without permission.
  • Trademark infringement: This occurs when a business uses a trademark that isn’t its own.
  • Patent infringement: When a business uses someone else’s patented invention without permission, this is known as patent infringement.

Legal rights for employers

It’s important to be aware of the laws that are in place to protect businesses from employees who may cause problems.

Employers have a number of legal rights when it comes to employees who may cause problems at work or outside of work.

For example, employers can take legal action if an employee is accused of sexual harassment or discrimination.

Businesses can also take action if an employee is accused of violating copyright or trademark laws.

Patent infringement is another issue that businesses can take legal action against employees for.

Accusations against an employer

If you or an employee are accused of harassment or discrimination, it’s important to remember to document everything.

This includes interviewing witnesses and gathering statements, as well as conducting an investigation by HR managers.

It’s also crucial to have a plan in place for how to handle the situation if it goes to court.

How can businesses protect themselves?

When it comes to protecting a business from legal claims, there are a few things that owners can do.

For starters, businesses can read up on the laws that are in place to protect them from employees.

There are a number of legal rights employers have when it comes to employees who may cause problems.

Businesses can also take action if an employee is accused of violating copyright or trademark laws.

Patent infringement is another issue that businesses can take legal action against employees for.

Another thing businesses can do is have a plan in place for the possibility of a legal claim.

This means having a process that can be followed when it does happen.

Documentation and policies

When it comes to putting policies into place, it’s important to remember to document them so they’re available if needed later on down the line.

This includes everything from sexual harassment policies to anti-discrimination policies.

Having these policies in writing can help to protect a business from legal claims.

It’s also important to make sure that employees are aware of the policies, and that they understand the consequences of violating them.

What if your business is on a budget?

If you’re a small business owner and can’t afford to hire an expensive lawyer, there are still things you can do to protect yourself from legal claims.

Here are a few tips:

Be aware of the laws that are in place to protect businesses from employees who may cause problems.

There are a number of legal rights employers have when it comes to employees who may cause problems.

Document everything.

This includes interviews, statements from witnesses, and investigations by HR managers.

Have a plan in place for the possibility of a legal claim.

This means having a process that can be followed when it does happen.

Make sure employees are aware of the policies in place and understand the consequences.

When big businesses suffer data breaches

Steven Grant

Every day, businesses and organizations are faced with a new challenge: how to protect their customer’s data.

With the increase of new technologies, data breaches have become more commonplace and pose a serious threat to both companies and their customers.

In this article, we will take a look at some of the biggest data breaches in history and what lessons can be learned from them.

We will also discuss ways that people can protect themselves online and keep their information safe. Stay safe out there!

The Sony Hack

A recent high-profile hack was Sony Pictures.

This is one of the worst hacks ever perpetrated, with employees’ personal information leaked all over the web and even threats issued by hacker group “Guardians of Peace.”

Sony has gone to extreme lengths to try and contain the problem; unfortunately for them, it seems like the hackers are one step ahead of them at every turn.

The whole debacle continues to create a lot of bad PR for Sony and they’re not out of the woods yet, in spite of having offered to reimburse credit monitoring and identity theft protection.

The only silver lining in this situation was that the information leaked in the hack has sparked an important conversation about cybersecurity and best practices for companies to keep their information safe.

Target Hack

Retail giant Target was hacked in 2013, exposing the credit card details of around 70 million customers.

In this case, hackers stole log-in credentials from a heating and air conditioning company contractor working at Target which enabled them to gain access to  Target’s system.

Once in, they were able to install malware on Target’s point-of-sale machines which allowed them to grab credit card details of over 70 million customers.

A class action lawsuit was filed against Target for failing to keep customer information safe and some banks are seeking reimbursement for the cost of reissuing cards.

JP Morgan Chase  Hack

In 2014, JP Morgan Chase was hacked in a cyber attack that exposed over 76 million accounts .

It was the largest data breach of all time and financial information from around 76 million households and 7 million small businesses were compromised.

In this case, hackers used third-party access to gain entry to JP Morgan’s network and they successfully stole the login credentials needed to access sensitive information.

Experian Hack

In 2013, credit reporting agency Experian was hacked and exposed around 15 million users’ data .

They had been using a third-party vendor who stored their images of identification documents on an insecure server, which became compromised by hackers.

In this case, hackers were able to steal names, addresses and social security numbers of Experian’s customers.

Wells Fargo Hack

  In 2015, nearly 200,000 of Wells Fargo’s California clients were hacked into .

In this case, a former employee had already been fired for trying to access client information before being hired by a different company who was able to gain access to Wells Fargo’s network.

Anthem Hack

In 2015, health care company Anthem was hacked and exposed the data of more than 80 million customers .

Around 80.8 million customer records were exposed, including names, birthdates and social security numbers.

Some big data hacks from 2022

Facebook data hack

A disturbing data leak occurred when over 550 million Facebook users’ information was published on the internet. Of which Meta — Facebook’s new name — has said were gathered via scraping in 2019, the logs included names, dates of birth, genders, locations, and relationship statuses.

Volkswagen, Audi

The automakers announced a data breach affecting more than 3.3 million customers, with the majority of them based in the United States. A vendor tied to the incident was named as the reason for the leak, with it being suggested that between August 2019 and May 2021, they unintentionally made this information accessible in an unsecured manner.

T-Mobile

In August 2022 , T-Mobile was hit by another data breach. Customers’ names, addresses, social security numbers, driver’s licenses, IMEI and IMSI numbers, and ID information were said to have been stolen. It’s likely that around 50 million current and prospective clients were affected. A 21-year-old hacker took credit for the breach and claimed to have gained access to about 106 terabytes of data from T-Mobile.

Coinbase

After discovering a “third-party campaign to gain unlawful access to Coinbase customers’ accounts and move their funds off the platform,” Coinbase sent out a letter to around 6,000 people. Some user accounts were emptied without permission.

Panasonic

A data breach occurred from June 22 to November 3, with discovery on November 11, according to Panasonic. Information had also been obtained from a file server, the Japanese technology firm stated.

How does Spanish Inheritance Law Work?

Steven Grant Leave a comment

When someone dies In Spain there are a few differences to inheritance laws compared to the UK.

Priority may be given to parents, grandparents and even children ahead of any surviving spouse when it comes to inheriting an estate, unless specified in a will. 

Like the UK, if a person dies without a will it means that the estate is intestate and all assets are distributed according to a set of rules, as opposed to the wishes of the person who died, as outlined in a Will.

Following the death of a close relation, it’s necessary to understand whether they left a will or not. They may have a will from the UK or a Spanish will. They could also have Wills from both Spain and the UK.

You need to search the Spanish register of last Wills to determine whether a will was made in Spain. This will help you establish whether the last Will was signed by the deceased.

The deceased may have a UK Will, Spanish Will, neither or both. 

Without a Spanish Will

If a British national owns asset in Spain and dies without a Will and it’s important to seek legal advice.

You need to establish which law applies and who is entitled to inherit from the estate. The beneficiaries must then sign a declaration of heirs. 

If there is a large number of beneficiaries, there can be a large amount of paperwork as well as potential inheritance tax.

Inheritance tax will be payable (if due) as soon as the “acceptance of inheritance” has been signed in front of a Notary.

The acceptance of inheritance documentation must be approved by the Spanish tax agency. It will then be possible to ask the bank to release my funds.

With a Spanish Will

If there was no Spanish will but an English will it will become clear who is the executor as well as the beneficiary of the estate.

In the event that the deceased left both Spanish and English Wills you will need to seek impartial legal advice to determine which assets go where.

When the value of the assets has been established it will be necessary for inheritance tax to be calculated as well as powers of attorney to be signed by the beneficiaries.

The acceptance of inheritance documentation must then be signed and approved by the Spanish Tax Agency.

Find out more about Spanish Inheritance Laws at solicitorsinspain.com.

Expelling a partner from a partnership

Steven Grant Leave a comment

A time may arise when a business relationship or partnership needs to come to an end. A business partner wants to take action against another including expelling that partner from the partnership.

There are a few common reasons you may want to expel a partner including:

  • Disagreements over a partner’s behaviour
  • Improper misconduct
  • Actions that may harm the business.

When attempting to expel a partner from a partnership, the following should be considered:

Your partnership agreement

According to crestlegal.com, more and more businesses are including the “Green Socks” clause in their partnership agreements.

The ‘Green Socks’ clause allows expulsion of a partner for no reason at all provided that all the other partners agree – the clause became known as such as expulsion is possible simply because of the colour of the socks.

The core meaning behind the green sock clause is that the business partners have the right to expel another partner for any given reason. However, the other business partners have to accept the decision.

The “Green Socks” clause aims to encourage equal standing between all partners in a business agreement. Each partner will be aware of the clause and is aware that they could benefit or be affected negatively by it. In short, it ensures that partners are encouraged to be compliant, do their duty, or they could face expulsion.

There may be instances where the Green Socks clause cannot be enforced, such as where partners are deemed to have been discriminatory.

When to use the clause

Standard expulsion clauses in partnership agreements commonly refer to serious breaches of contract. The Green socks clause allows for expulsion of a partner that does not fall into the above category. Here are some examples:

  • Personality clashes
  • Partners having long periods of time away from the business
  • Partners not pulling their weight

It may be difficult to prove the above as a serious breach of contract, however if all other partners agree that a partner is guilty of any of the above, there may be grounds for expulsion under the green socks clause.

What happens if you don’t pay parking tickets?

Steven Grant Leave a comment

What Are Parking Tickets?

Parking tickets are legal notices demanding a certain amount of fine. Sometimes you park your car/vehicle in a restricted area. In that case, you may have to face parking tickets.

How Many Types Of Parking Tickets Are There?

There are two types of parking tickets – 1) council parking ticket and 2) private parking ticket.

So, Can I Ignore Paying The Parking Tickets?

You should never ignore the council parking tickets. Some people think private parking tickets are ignorable. But, you shouldn’t ignore it. Because parking in a restricted area is finable and you should pay it.

What If I Dont Pay Parking Tickets?

If you don’t pay parking tickets, then you may have to suffer the consequences. Ignoring a council parking ticket wouldn’t be a wise decision.

Your parking ticket’s fine can get doubled. After that, you can get a letter with some threatening statements. If you still don’t pay the fine, then you may get a summon from the court. Bailiffs can visit your house and they can demand the fine. So, in the end, you may have to pay them a hefty amount as a fine.

But, private parking tickets are issued by private companies or private authorities. So, if you ignore the ticket, then they may not get a chance to demand the fine from you. But, some private companies may have strict rules. They may note your car number and later they may demand the fine from you.

Usually, a private company can’t charge you legally. So, they may not chase you.

Can I Defend Myself After Ignoring A Private Parking Ticket?

You can justify your act if –

1) The signs were not clear.

2) The yellow line was barely visible.

3) Instructions were misleading or vague.

4) The company was demanding an absurd amount of fines.

But, you shouldn’t deliberately break the parking rules. Because, if you do this, a private company may demand their fines confidently.

Summary

You should never ignore the council parking tickets. But, in the case of private parking tickets, you should judge the situation and the fine.

Private companies can’t force you to pay the fines. If they do that, you can charge a case against them fining up to 5000 pounds. They can’t clamp or tow your vehicle. In reality, the law is not on their side. So, if it’s a reasonable amount, you can pay it. Otherwise, ignore a private parking ticket smartly.