Project Financing – The Project Agreement

For any financial project to get off the ground, a project agreement is required. The project agreement document establishes the structure of the associations that are set to work on the relevant project.

The project agreement specifically governs the relationship, rights and obligations between the public authority and the company working on the project that is to be financed, throughout the entire term of the project. It can also be called a concession agreement.

In early PFI projects, it was common to have separate agreements for different phases of the project, such as a development agreement for the design and construction phase and an operating or facilities management agreement for the operating phase. However, it is now more common to have a single project agreement covering all aspects of the project.

In this way, the public authority grants a licence to the company working on the project. This would occur where no property interest could be granted or would be needed.

The Effect Technologies Have On Business

When it comes to business, the technology you make use of has a big impact on the way your business operates. For example, a tradesperson working independently, can organise and structure his or her business in such a way, that they would almost create a new job title for themselves.

It is because of this dramatic impact, that taking into consideration how your business moves with these technologies is so important. If a certain technology, for example a new messaging service used to keep in touch with clients, effects the workflow of your business in any way, then that technology is effecting your business overall.

As it has an effect on the workflow, other elements of your business are effected and as such, your business is already moving with the technology being used.

There can also be legal considerations to make too, as your business is adapting to new applications, so to is the legislation that comes with these new processes.

The Assurance of Legal Insurance

Many life scenarios that require legal services usually come via unexpected events. Criminal interference, business matters, family disputes, these are all things that usually come as a surprise, along with the legal fees that accompany them.

There is a way to avoid the shock of unexpected costs, that is to protect yourself with legal insurance. Many forms of insurance available often offer the added protection of legal insurance. Usually in the form of covering legal costs, most insurance companies offer this as an extra.

As it is an add-on to standard insurance, it is recommended that insurance packages are checked over to see if they offer the usually, optional extra of legal cover.

With legal cover as part of your insurance package, you can be assured you are covered against every eventuality. Legal costs can sometimes exceed the tens of thousands, so doing so can save you a great deal of stress in the future.

The Importance Of Legal Awareness In Business

As a business owner you are sure to run into legal trouble at some point.

Some of the problems you may run into include issues with customers, serious injuries, problems with 3rd party services. There are many problems that you may run into, all of which can come at any time, anywhere, from anyone. As long as it’s in relation to your business it can be a potential legal risk.

It’s the unexpected nature of legal issues that requires a business owner to be on top of their legal awareness. An issue like an unexpected injury sprung on a business that is in an unsteady financial period could have disastrous consequences.

The best way to do this is by soliciting regularly with a source of legal advice. The internet can be a great source of information, providing you find a reputable source. Direct.gov is a government run website which has the most up to date information on many types of legislation.

Things To Consider Before Choosing A Solicitor

Life events can be stressful enough without having to worry about whether or not you’ve chosen the right solicitor, especially when you are in midst of the very thing you need the solicitor to assist you with. There can be thousands of solicitors in your local area to chose from. So what are the factors to consider when picking one.

Cost can be an important factor. But when looking at the options available don’t just opt for the cheapest one. Like in many areas of life – the thing that costs the least is perhaps not the best one to choose. Look for a solicitor who offers the best value for money. That little bit extra that you paid for initially, may pay dividends in the end.

Not all solicitors have experience in the event you may be dealing with. Look at their history and track record. Find a solicitor who has, ideally, dealt with the exact same legal matter already.