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BUSINESS & COMMERCIAL FAQ
Frequently asked questions
Business and Commercial
Why does a small business need a Shareholder Agreement?
It protects minority owners and outlines clear legal procedures for dispute resolution, share valuations, and what happens if a partner leaves.
What makes a business contract legally binding in the UK?
A valid contract requires an explicit offer, clear acceptance, an intention to create legal relations, and a valuable consideration (usually payment).
How do I legally handle a client who refuses to pay an invoice?
Issue a formal Letter Before Action (LBA) demanding payment within 14 days, followed by mediation or small claims court action if ignored.
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