All Articles by openlegal
How Do Authority to Act Forms Work?
Authority to Act forms are documents that allow an individual to authorise a trusted person to act on their behalf. However, these are not defined as legal documents and subsequentlyRead More
What is Predatory Pricing?
Predatory pricing is a pricing strategy used by dominant businesses with significant market power, that involves the deliberate lowering of prices in order to damage or eliminate competition. Smaller firmsRead More
How Can I Transfer or Assign a Commercial Lease?
In certain cases, a tenant can choose to exit their commercial lease prior to the end of their lease term by either transferring or assigning the lease to another party,Read More
How can a contract be terminated?
Terminating a contract can be a tricky issue to navigate around, especially when there are different consequences depending on the circumstances surrounding the termination. What can you do if youRead More
What is Private Labelling?
Private labelling involves a product being bought off by a third party but sold under its own brand name. The retailer has full control over the product or products suchRead More
What is a promissory note?
A promissory note is, simply, a written instrument under which the issuer (or maker) unconditionally promises to pay an agreed sum to the payee. This payment can be made atRead More
What is a Discretionary Trust?
A trust is a legal agreement between one party to hold assets for the benefit of another. The party which holds the assets is known as the ‘trustee’ and thoseRead More
What Is Share Vesting?
Share vesting is not a type of share but refers to the nature of a share – with that being said, a vested share is a share which is availableRead More