A trademark is reportedly holding up the appointment of Jose Mourinho at Manchester United. In an unusual situation, the media have suggested the deal is being delayed because Chelsea Football Club own, amongst others, the European Trademark to the name ‘Jose Mourinho’ in five classes of goods, which runs until 2025. Of course, Jose still has the right to use his own name but Chelsea own the rights to using his name or image on certain items; effectively merchandising rights which Chelsea retain and presumably continue to profit from.
Quite often, a management team will not be in a position to finance a transaction themselves; lending in one guise or another will therefore be a common feature of a deal; the question will be what form should that take; on one particular deal, we had to cover not just bank funding, but also borrowing against the company’s invoices, smaller investors that had agreed to put in private funds and even a sale and lease-back of assets with a commercial lender, to help raise sufficient cash to do the deal!
One of the biggest challenges relates to the time and commitment required by the MBO team; the deal requires significant input from the key members of the team, but the business and their existing roles as employees are in no way diminished; and indeed failing to look after the interests of the target company during the deal process can act as a double-edged sword; they clearly do not want to buy a weakened business, as a result of taking their eyes off the main focus of their usual day jobs.
When it comes to selling your business, whether to move on to a new project, to divest some non-core elements of an existing business or with an intention to retire, a keen management team might prove a better prospect, via a management buy-out (MBO), than a trade sale to a competitor, particularly for the longevity of the business, going forward.
Solicitors Title are delighted to have been shortlisted for Law Firm of the Year (1-10 partners) in the Devon and Somerset Legal Awards.
These awards, first of their kind in the region, are seen as an opportunity to recognise the contribution made by lawyers and solicitors in the West Country. At the DASLS Legal Awards Preview Event, DASLS president, Will Michelmore said: “Solicitors have
We’re all reasonably familiar with data protection, or at least the concept of it. As business owners, we handle a huge amount of data, much of it via the internet, whether it’s via a website, completing an online purchase or just corresponding using e-mail! This presents risks; often termed cyber risks, in relation to the interception and misuse of that data; attacks from criminals who stand to benefit financially from selling on this information are, sadly, a reality.
From a business perspective, aside from the risk of a complaint or negative experiences being shared via social media, breach of data protection (particularly where this involves an individual’s personal data), can have wider consequences. Businesses need to be alive to their obligations and these risks.
Do you trade online? Are you responsible for sales and marketing? Do you deal with customers face to face?
Consumers now have more protection than ever; leaving businesses open to losses and claims if they are not compliant. Avoid being caught out by these changes: use our contact form to let us know if you are able to come along. Please feel free to share this with colleagues and business contacts.
What is Consumer Rights Act 2015 and how does it affect you and your business?
Following on from our article last year talking about distance selling laws, the “biggest overhaul of consumer rights in a generation” comes into force tomorrow (1 October) with the introduction of the Consumer Rights Act 2015 (“CRA”); if you trade with consumers, whether face-to-face or online, you need to be aware of it and how it can affect your business.
Existing consumer law is unnecessarily complex and is considered out of date and inconsistent. It also fails to mention the ever developing world of digital content. The new legislation aims to bring important updates to existing laws and clarify and streamline areas which are unclear.
Inheritance in France – Change in 2015
Bringing together expertise on both French and English law, Maitre Laurent Dallet and Mervyn Rundle are giving a FREE seminar to explain the implications for your Will following the adoption of new European Regulations on inheritance laws
If you are a British citizen, you can now opt to have your assets in France covered by British inheritance law – but you need to get advice to ensure you understand the implications of such a change.
All of the team at Solicitors Title are delighted that the firm is a finalist in this year’s Western Gazette Business Awards. Partner, Richard James, said “having only had our office in Yeovil for just over a year, this is great local recognition for what we originally set out to do in opening our second office.”
This year, Solicitors Title is a finalist in the Best Business Website category, a new award for 2014. The majority of law firm websites that we looked at simply talked about the firm and how expert they were in various areas, but they seemed to miss the point that the purpose of their website is to help existing and prospective clients understand how hiring a lawyer can help them, whether they have a personal issue or a business one.