Breach of Contract
Well-drafted written contracts reduce the risk of disputes and litigation, but even then, breaches happen. They can often be remedied through negotiation, but the tactical threat (and, where necessary, the delivery) of pursuing a dispute can be important in forcing a compromise, particularly where a party has failed to fulfil the contract or has acted in bad faith. Our commercial litigation team has extensive experience in breach-of-contract disputes, hard-fought over decades, and we’re well prepared to use all the legal tools at our disposal to achieve a favourable outcome. Where it stacks up for you, and for us, we’re happy to consider no win, no fee funding in qualifying cases with strong prospects of success against opponents with assets, so we can force them to pay even where they don’t want to.
Sale and Purchase Agreements (SPAs)
Whether it’s a straightforward exchange of money for property or a more sophisticated transaction, a Sale and Purchase Agreement (SPA) sets out the terms each party must fulfil to finalise a purchase contract. SPAs are frequently used by buyers and sellers of property, company stock, and other assets. An expertly drafted SPA protects all parties by making each side’s expectations transparent and provides a framework for resolution if a disagreement occurs.
SPAs frequently contain restrictive covenants that prohibit specific actions by the buyer or seller. Care must be taken to ensure any such covenants don’t fall foul of the Competition Act 1998, and disputes commonly arise where one side believes the other has crossed a line an SPA was meant to prevent.
Mergers and Acquisitions (M&A)
Companies often purchase or merge with other businesses as part of their growth strategy. Similarly, Management Buyouts (MBOs) and Management Buy-Ins (MBIs) can reinvigorate a company by incentivising new ownership to fast-track growth. We’re instructed on disputes arising from acquisitions, mergers, and disposals of public and private limited companies, businesses, and assets, cross-border transactions, and MBOs and MBIs.
A common trigger for M&A disputes is an earn-out payment that hasn’t been made, or has been reneged on once a deal has closed and leverage has shifted. We help clients hold the other side to the terms they agreed to at completion.
Joint Venture Agreements (JVAs)
Joint Venture Agreements are contracts between two or more parties who agree to collaborate to achieve common commercial goals. Sharing expertise and other resources, as well as potentially mitigating risk, makes JVAs an attractive choice for separate legal entities (like limited companies and individuals) who wish to collaborate on a specific project or purpose. JVAs are often temporary and specify tangible goals.
There’s no defined legal structure for joint ventures in the UK, and JVAs often take the form of Special Purpose Vehicles (SPVs), partnerships, or collaboration agreements, and may be subject to corporate and partnership law depending on how they’re structured. Many smaller companies enter into verbal joint venture agreements, which we wouldn’t recommend — the less defined the desired outcomes of a collaboration, the more likely there is to be a dispute. We have considerable experience with all types of JVAs, as well as resolving joint venture disputes once they’ve broken down.
Licensing Agreements
Companies and individuals often license the use of intellectual property (IP) to other parties in exchange for royalties or other compensation. Licensing agreements are commonly used for many types of IP, including:
- Brand names and logos
- Software
- Music, film, artwork, and photography
A well-drafted licensing agreement clearly sets out the terms for use of the IP and gives us a framework to claim compensation if something goes wrong. Breaches occur frequently, and the damages involved can be challenging to assess and collect — which is often where a specialist litigation solicitor makes the difference.
Employment and Freelance Contract Disputes
Unless a business is small or closely held, it’s likely to have employees and/or freelance contractors. Our employment law team helps companies navigate employment contracts, contractor and freelance arrangements, employment tribunal claims, and other employee disputes. Typically, we only represent employers and contractors, not employees — including where a former employee needs to be held to their confidentiality obligations over trade secrets and proprietary information.