Commercial Law

This area of law relates to business dealings, such as sales and purchases between businesses, banking, and insurance operations, distribution.

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Hire Purchase Agreements

This is a form of document which will typically be between a business that owns a product(s) and an individual who wants to purchase a product(s) but in instalments. The intention of the individual is to purchase the product(s) by making payments to the owner over a specific period of time, on the conclusion of the payment period ownership passes to the other party. The agreement will provide important information that will concern the relationship between the business that owns the product(s) and the individual who seeks to use the product(s) whilst purchasing by instalments.  

Finance Agreements 

A finance agreement will be a legal contract between a borrower and a lender, this agreement will govern the terms of the relationship between the parties of the agreement and how the transaction between the parties will be carried out. This is an important document for both parties as it will expressly set-out the contractual obligations and expectations of the parties by agreeing to the financial transaction. 

Motor Loan Agreements 

This is when a loan has been taken out to finance a vehicle. The motor loan agreement is a legal contract between a borrower and a lender. In general, the money will be paid straight from the financier to the motor dealer, and the borrower will own the vehicle from the start of the agreement. The loan agreement will outline the terms of the loan, which will include details about how much money needs to be paid and when, provisions on what would happen in circumstances if payment is not made, and clauses on how disputes between parties should be solved. 

Franchise Agreements

This is a form of agreement which will typically be between a business that owns a particular product(s) or service(s) and another separate business which seeks to use the same particular product(s) or service(s) using the same branding and business practices but in a separate or specific location. The intention of the separate business is to replicate the other business in all ways but in a separate or specific location. The separate business will usually agree to certain restrictions and obligations. This document will provide important information that will concern the relationship between the business that owns the product(s) or service(s) and the business seeking to replicate and sell such product(s) or service(s) under the same brand. 

Trading Licences 

A trading licence is issued by the government to businesses to carry out a particular trade or business. There are several business activities that require a trading licence, for instance, an alcohol licence is required to trade alcohol, taxi companies, food outlets, hotels and many more businesses must be licensed by local authorities. 

Trading Practices 

These are rules put in place to protect consumers from unfair or illegal trading and to monitor product safety. Trading standards services are delivered by local authorities who ensure that businesses are compliant with consumer protection legislation. A trading standards officer will handle consumer complaints and will be responsible for carrying out routine inspections of businesses to ensure they are compliant with legislation. 

Advertising Standards

There are different rules and legislation in place to ensure advertisements are regulated. The Advertising Standards Authority is responsible for regulating UK advertising across all media. For non-broadcasting advertisements, these include online broadcasts, or billboard posters, the Code of Non-broadcast Advertising, Sales Promotion and Direct Marketing (CAP Code) is in place. When it comes to broadcast advertisements which include teleshopping and television advertisements, it needs to be compliant with the UK Code of Broadcast Advertising (the BCAP Code). Businesses need to make sure their advertisements are in compliance with these various rules. 

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