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Shareholder leavers: the fall out

In start-up companies, founders compete for the best staff. Founders often gift equity to new joiners to attract them.  Many start-ups use the model articles that are automatically provided by the government in the form of model articles. This works splendidly while all…

EIS relief & film investment

Feature films qualify for tax benefits under EIS. If you invest money in a film production company you can claim 30% of your investment back as income tax relief under EIS. Plus you will be named in the credits and…

Film tax relief

Very approximately, if a qualifying film costs £Y million, then with Film Tax Relief, the production company can claim up to £2Y million against corporation tax, if all expenses qualify. Qualifying expenses for film tax relief The new film tax relief…

TV show rights licence fails

Here, a licence for a TV show’s rights failed to protect the creator. The licensee licenced the production process to another entity, who could then create a spin-off. Television production documents should cater for all scenarios. This may sound obvious,…

Duty of confidentiality after employment

Does a departing employee have a duty of confidentiality? You can deter the employee and new employer. Unfortunately, you can’t prevent an ex-employee divulging some “confidential” information. In this insight, we look at The implied duty of confidentiality. How to…