Top 5 new year tips for businesses

For many business owners, the beginning of a New Year is a time to give thought to ambitions and objectives for the year ahead, and with an uncertain political and economic climate in 2017, never has there been a more important time to ensure your business is robust enough to achieve its goals. When thinking about the next twelve months, here are the Top 5 legal issues we believe you need to consider:

  1. STAFF – People are increasingly conscious of and concerned about employment issues, so make sure contracts of employment are relevant to your current circumstances, in place and adhered to. Also, with Brexit set to dominate the national agenda this year, ensure you are up to date on all developments relating to foreignworkers, visas and work permits.
  2. TERMS & CONDITIONS - Are your current terms and conditions the most beneficial to your business? Could you make changes to help with cashflow? Can the terms of anybusiness guarantees you are committed to be modified or updated to your advantage?
  3. PROPERTY – Rent reviews coming up? Ready for negotiations with the landlord?Perhaps you will be looking for bigger premises? If you foresee your business moving, make sure you are aware of all details in your contract such as potential ‘Break Clauses’ which could enable the lease to be terminated early.
  4. DEBT - Are you owed money? Do you owe money? If your business has paid off any debentures (documents that create or acknowledge debt) and charges it may have had, make sure that these are removed from the registers at Companies House and Land Registry. This will improve the credit rating and value of your business should anyone look you up.
  5. GROWTH - Are you planning to merge with another business? An acquisition or a takeover? Perhaps an expansion of shareholders or your equity partnership? Maybe you are preparing your business for sale? Have you got the right expertise lined up for your best interests?

Sue is a Director and Head of Employment Law. Praised for her combination of common sense and expert knowledge, she offers advice to commercial clients on all employment matters and has also handled complex cases for individual employees.

Sue enjoys sharing her legal and HR knowledge with organisations in the fast-moving world of sport, particularly football. As an experienced member of Verisona Law’s Football and Sports Law team, Sue understands the issues that are specific to the industry and deals with the many legal elements involved in employment contracts for both players and non-playing staff. She regularly gives advice and support to individuals in contractual negotiations and disputes with Clubs in the Premiership, Championship and lower divisions. She also provides employment and HR advice to Clubs.

Sue is a member of the Employment Lawyers Association, and is a specialist trained ADR workplace mediator.

Sue qualified in 1995 with Gray Purdue and became a Partner there shortly afterwards. When Gray Purdue merged with another local firm in 2008 to form Verisona, Sue became Head of the Employment Law Team. Sue is also a member of Verisona’s Football & Sports Law team.

From defending claims for damages and allegations of breached restrictive covenants or franchise agreements, to helping a multi-national organisation achieve the favourable resolution of a claim from its former CEO, Sue has successfully represented clients in the civil courts and at employment tribunal.

One of her cases went to the House of Lords and is now regarded as an important test case (Neufeld –v- Secretary of State for Business, Enterprise & Regulatory Reform).

Businesses

  • Contracts of employment and staff handbooks
  • Redundancy procedures
  • Restructuring programmes
  • TUPE law
  • Settlement agreements
  • Employment tribunal claims
  • Disciplinary and grievance processes

Sports and Football

  • Contractual issues
  • Service agreements
  • Executive departures

Company directors

  • Service agreements
  • Planning exit strategies
  • Settlement agreements