Corporate Law

A Letter of Licence is a formal document issued by a licensor to grant permission or authorization to a licensee for the use of certain rights, assets, or intellectual property. This letter outlines the terms and conditions under which the licensee is permitted to utilize the licensed material, ensuring legal compliance and protection of the […]

Letters of Administration is a legal document issued by a court that grants a person the authority to manage and distribute the estate of someone who has died without leaving a valid will. This person is known as an administrator. What Are Letters of Administration? When a person dies intestate (without a valid will), their

A licensed brand is a brand name or trademark that a brand owner permits another company to use under a licensing agreement. This practice is common in various industries, including fashion, toys, electronics, and food and beverages. Licensing allows companies to expand their product lines, reach new markets, and generate additional revenue without significant investment

A lien is a legal claim or right that a creditor holds over a debtor’s property as security for the repayment of a debt or obligation. It gives the creditor the right to take possession of the property or sell it to satisfy the debt if the debtor fails to fulfill their repayment obligations. Liens

The Life Assurance and Unit Trust Regulatory Organization (LAUTRO) is a regulatory body responsible for overseeing and regulating the activities of life assurance companies and unit trust schemes in the United Kingdom. Established to protect consumers and maintain the integrity of the financial services industry, LAUTRO plays a crucial role in ensuring compliance with regulatory

Introduction When I first encountered the term “limitation of actions,” I misunderstood it as a vague legal formality. But as I dove deeper, I realized that limitation of actions is a core part of how the legal system protects fairness, encourages prompt claims, and secures financial stability in personal and business contexts. In this article,

Introduction When I first encountered the term “Limited by Guarantee,” I was knee-deep in nonprofit accounting. At first glance, the phrase seemed too technical. But as I explored deeper, I realized this structure is one of the most misunderstood in the financial and legal landscapes. In the United States, the equivalent concept doesn’t always go

Introduction When I started exploring different business structures in the United States, I quickly realized that limited companies are widely misunderstood. Most people refer to them vaguely or confuse them with corporations. In this article, I’ll walk you through what limited companies are, how they work, and how they compare to other business types. I’ll

Limited liability is a fundamental concept in business and finance. It shapes how companies operate, how investors take risks, and how legal protections shield personal assets. In this article, I explore what limited liability means, why it matters, and how it applies in real-world scenarios. I also break down key calculations and legal considerations to

A Liquidator is a person or entity appointed to wind up the affairs of a company or individual and distribute their assets to creditors or shareholders. The role of a liquidator is crucial in situations where a business or individual is insolvent or facing financial difficulties, and their assets need to be liquidated to satisfy