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Welcome to the Hethertons Solicitors Commercial Newswire

In this edition, we look at a wide range of issues affecting businesses, owners and investors, including:

  • Employee suspension – How to deal with it?
  • UK to sunset EU rules – What does this mean?
  • How to deal with exchange rate fluctuations in commercial contracts.
  • Non-disclosure agreements: Keeping your business safe in a sale.

If you have any feedback on this latest edition or would like assistance from our team, please contact us.

Employee suspension – How to deal with it?


 

Few employers enjoy having to suspend a member of their staff but is something that may be necessary to ensure that grievances or complaints can be dealt with effectively.

Any disciplinary procedures can be difficult to navigate, so taking the right approach is vital so as not to further damage employer-employee relationships or create further legal issues.

 
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UK to sunset EU rules – What does this mean?


 

EU legislation still in place within the UK will be amended, repealed, or replaced under The Retained EU Law (Revocation and Reform) Bill 2022 (the Bill) announced by the former Chancellor at his mini-Budget in September.

Under the Bill, most retained EU law will ‘sunset’. As a result, it will expire on 31 December 2023.

 
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How to deal with exchange rate fluctuations in commercial contracts


 

The long-term fall in the value of the pound is leading to a renewed focus on the impact exchange rates have on businesses.

Not all businesses are affected in the same way by exchange rate fluctuations, but for those that are affected, changes in exchange rates can have a significant impact on the bottom line.

 
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Non-disclosure agreements: Keeping your business safe in a sale


 

Selling your business can involve disclosing to potential buyers, confidential information that is commercially sensitive.

To ensure this information is still protected during the sale, you can use a non-disclosure agreement (NDA) to prevent another party from revealing this information, with the threat of legal action as a consequence.

 
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