Event
23
Myerson Employment Law Spring Update 2024
Join the Myerson Employment Team as we bring you their top Employment Law updates you must know. The topics for this seminar will include: Important changes to holiday pay coming into force in April New, wider family-friendly rights What employers...
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Can I Be Made Redundant When I’m Pregnant or on Maternity Leave?
It is estimated that over 590,000 individuals employed are pregnant. In a recent survey conducted by the campaign group ‘Pregnant then Screwed’, 7% of their survey pool confirmed they had lost their job through redundancy, sacking or feeling forced...
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What Paperwork Do I Need to Sell My Property?
On average, the sale process can take 8-12 weeks. However, the transaction can be prolonged if your paperwork is disorganised. To avoid frustrating delays, you should ensure that your affairs are in order before you put your residential property on...
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Some Key Clauses in Manufacturing Contracts
The contracts entered into by businesses operating in the manufacturing sector take a wide variety of forms. For the manufacturer in the role of supplier, they range from relatively simple agreements for the supply of goods (entered into with a...
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News
Myerson's Employment Team Shortlisted for the Manchester Legal Awards 2024
We're excited to share some great news – our Employment Team has been shortlisted for the Manchester Legal Awards 2024! This year, the Manchester Law Society received a record number of entries, making the competition fierce. Despite this, our...
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EV Charging Leases
At the end of last year, the UAE hosted COP28, which saw significant commitments aimed at combating climate change, including a commitment to accelerate the roll-out of electric charging infrastructure. The Zero Emission Vehicle (ZEV) mandate...
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How to Navigate a Demerger?
A demerger is a separation of different business activities carried on by a company or group into separate companies or groups, which are then (usually) owned by the same shareholders . Companies and groups demerge for various reasons, including...
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What is Domestic Abuse, And Does it Include Financial Abuse?
Domestic abuse is defined as an incident or pattern of incidents of controlling, coercive, threatening, degrading and violent behaviour. It can take many different forms, such as coercive control, psychological or emotional abuse, physical abuse...
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Umbro Counter-Attack: Court of Appeal Reverses High Court Decision in Umbro Trade Mark Infringement Case
The legal saga surrounding Umbro's iconic "double diamond" logo took a decisive turn recently. The Court of Appeal overturned the High Court's ruling and found that the Umbro brand was in favour, holding that Dream Pairs' logo infringed upon the...
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Making a Sharia-Compliant Islamic Will
Ramadan can be a special time for Muslims to reflect on their affairs. When it comes to Wills , a Sharia-Compliant Islamic Will is appropriate for Muslims who wish to leave their estate in accordance with the Quran (and the Hadith, the Sunnah and...
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Insolvency and Restrictions on the Reuse of a Company Name
When a company goes into insolvent liquidation , it is sometimes the case that the directors of that company want to set up a new company. Often, directors want the new company to have the same name as the old company so that they can benefit from...
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Succession Planning for Family-Owned Businesses in the Agricultural and Rural Business Sector
In the context of a family business , succession will involve a transfer from the older generation to the younger generation. As is the case with the wider economy, many businesses within the agricultural and rural business sectors are...
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Exclusivity Agreements In Property Transactions
Exclusivity agreements or lock-out agreements are most commonly used in commercial sale and purchase transactions. They aim to ensure that the seller negotiates solely with the buyer regarding the prospective transaction for an agreed-upon period...
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Should I Extend My Lease?
Homeowners may be aware that the Government is making it easier and, in some cases, cheaper to extend a lease. However, we are unclear about when the reforms will take effect. Under the current rules, you can either proceed under the informal...
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Am I Entitled to See Any Documents Relating to a Relative’s Will?
Under English law, a person is allowed to choose who benefits from their estate and how. However, there are certain safeguards – if a person who lacks mental capacity or is subject to undue influence attempts to make a Will , then it can be...
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National Minimum Wage and National Living Wage 2024 Increases and Their Impact on the Hospitality and Leisure Sector
As of 1 April 2024, the rates of NMW and NLW have increased in accordance with the Low Pay Commission’s recommendations. Notably, the NLW will apply to a lower age group of those aged 21 and over. The right to receive NMW and NLW applies to most...
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The Danger Of Overlooking Pensions And The Motherhood Penalty
When couples are separating, often their immediate concern will be about where they are going to live rather than thinking about their income in retirement. It is very easy to overlook pensions, as retirement can seem a long way off, and you may be...
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Event
2
Succession Planning - What's Next?
Join us at our upcoming Private Wealth seminar, 'Succession Planning - What's Next?'. Our expert Wealth team will guide you the next steps of succession planning with guest speaker Laura Hutchinson, Managing Partner and Tax Expert at Forbes Dawson...
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Event
23
Myerson Employment Law Spring Update 2024
Join the Myerson Employment Team as we bring you their top Employment Law updates you must know. The topics for this seminar will include: Important changes to holiday pay coming into force in April New, wider family-friendly rights What employers...
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Blog
Pharmacy First
4 in 5 people in England can reach a community pharmacy within a 20-minute walk, and over 95% in England have signed up for the new Pharmacy First scheme. The Pharmacy First scheme was launched on 31 January 2024 by the Government and NHS England...
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Lasting Powers Of Attorney – Change is Coming
Powers of Attorney have been around in some format since the 1970s, evolving from the Powers of Attorney Act 1971, to the Enduring Power of Attorney Act 1985, to the Mental Capacity Act 2005, and latterly the Powers of Attorney Act 2023 which...
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Newsletter
Myerson Magazine Spring 2024 Issue
Discover a wealth of insights and legal expertise within the pages of the Myerson Magazine. We're also bringing you an interview with Kim Wilde, one of the headliners of The Brit Fest Festival. In this issue… Employment: Can I be made redundant...
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Employment Discrimination: A Conflict in Cases
In early 2024, the Employment Tribunal made two notable judgments in the cases of Miller v University of Bristol and Omooba v Michael Garrett Associates Ltd (t/a Global Artists) and Leicester Theatre Trust Ltd , both of which centred on topical...
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Introducer Agreements: An Overview of the Key Points to Consider
Introducer agreements are a common type of arrangement used by businesses across a variety of sectors and can play a pivotal part in not only the growth of a business but also in establishing its position in its marketplace. Whether you are a...
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Manufacturing Acquisitions – Share Purchase Or Asset Purchase?
When acquiring a manufacturing business, it is important to understand the options available to structure the deal. An acquisition will be structured in two ways: a share purchase or an asset purchase. Both will allow you to acquire the target...
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Are Loan Interest Clauses Fair or Punitive Penalties?
Interest clauses in loans serve the fundamental purpose of offering a return to a lender on the capital they make available to a borrower. They also serve a secondary purpose of compensating for the opportunity cost associated with delayed payments...
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Biodiversity Net Gain Is Now in Force. What Does It Mean for You?
In the ongoing battle to harmonise development with conservation, the UK has taken a monumental step forward with the enforcement of Mandatory Biodiversity Net Gain (BNG). As this transformative policy comes into force, accompanied by further...
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News
Myerson Is Proud To Be The Official Sponsor Of BritFest – Your Chance To Win 4 Festival Weekend Tickets!
Myerson Solicitors are proud to be the main sponsor of Brit Fest , a brand-new new festival held in Altrincham, Cheshire, between the 5 th and 7 th July 2024. With a fantastic line-up of iconic British artists, including Bonnie Tyler, Scouting for...
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Unlock The Ultimate Brit Fest Experience: Win Family Tickets With Myerson!
Are you ready to immerse yourself in a weekend of British music and family fun? Myerson is thrilled to offer you the chance to win 4 Weekend Tickets (2 adults; 2 juniors) to the Brit Fest 2024 ! The Brit Fest is a three-day extravaganza from July...
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Blog
Do I Have To Share My Inheritance In A Divorce?
It is well-known that sorting out the finances on divorce can be a complicated and lengthy process. It involves unravelling financial situations created and intertwined over the course of a marriage, which can span decades in some cases. Often, it...
Read Blog![Unfair Prejudice Case Spotlight: Re Cardiff City Football Club (Holdings) Ltd [2022] EWHC 2023 (Ch)](/assets/Uploads/Unfair-Prejudice-Case-Spotlight-Re-Cardiff-City-Football-Club-Holdings-Ltd-2022-EWHC-2023-Ch-v2__FillWzgwMCw0NTBd.jpg)
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Unfair Prejudice Case Spotlight: Re Cardiff City Football Club (Holdings) Ltd [2022] EWHC 2023 (Ch)
As a minority shareholder, where the actions by the board of directors are unfairly prejudicial towards you, you may be entitled to bring an action under s994 of the Companies Act 2006 ( the Act ) . In recent cases, the courts have adopted a...
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Budget 2024 – No Inheritance Tax Changes but Other Property-Related Tax Amendments
The Chancellor has announced his most recent budget. Our clients have been most concerned about potential changes to the UK Inheritance Tax (IHT). There was no mention of any changes to IHT; however, some tax amendments would affect our clients...
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A Guide To Navigating Restrictive Covenants
Restrictive covenants, as applied to freehold land, are agreements created by a deed that one party will limit the use of its land for the benefit of another party's land, such as by capping the number of buildings which can be built on a site...
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Navigating New Regulations to Combat Economic Crime
In a significant step forward in the UK’s fight against economic crime, the Economic Crime and Corporate Transparency Act 2023 (ECCTA 2023) has introduced milestone changes to the business world. Our blog on Company House Changes provides an...
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Product Liability – Considerations For Businesses Operating In The Life Sciences Sector
Businesses operating in the life sciences sector , whether they are manufacturing medical products for onward supply or selling medical products to consumers, must ensure that such products are safe and comply with the relevant regulations. In the...
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Hope Remains for the Greater Manchester Hospitality Sector
Despite the cost of living crisis undoubtedly having an effect on both individuals and businesses, hope remains for the hospitality sector in Greater Manchester at the beginning of 2024. A host of new venues have opened both locally in Altrincham...
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Webinar
21
Myerson Spring Property Update 2024
Whether you are a property investor, landlord, developer, professional, or you simply have an interest in real estate, this webinar is for you! Our expert Property team covers: Proposed leasehold reform update – where are we now? Case law update...
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Blog
Stranger Danger: Co-Parenting & Associated Risks
Co-parenting websites provide a way for individuals to find a platonic partner to have a biological child. These websites are becoming increasingly popular; however, individuals seeking to embark on parenthood using this medium should be alert to...
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Unwrapping Changes: Important New Holiday Pay Rules Come into Force for Employers
On 1 January 2024, the Government brought into force a raft of major amendments to existing holiday pay regulations. In this article, we set out the key changes employers and HR practitioners need to know. The changes to the Working Time...
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What Could Restrict You From Altering Your Future Home?
Unfortunately, many restrictions could limit or even prohibit, alterations to your future home. Before you rush to sign on the dotted line, you should conduct your own due diligence checks with your local authority and ensure that your dream...
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Navigating Intellectual Property Litigation: A Guide for UK Manufacturers
Safeguarding intellectual property assets ( IP ) is crucial for manufacturers. This short blog from our Manufacturing Solicitors focuses on different categories of IP, including trademarks, copyright, and trade secrets protection, how and when...
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Top Tips When Renewing Your Commercial Lease
When a commercial lease term is close to expiring, the parties can enter into negotiations over the terms of a new lease agreement, which is known as a lease renewal. When renewing a lease, you must first check if the lease is inside or outside of...
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Share Buybacks – Common Pitfalls
A share buyback is the process a company follows to purchase its own shares back from one or more of the company’s current shareholders. A share buyback process can be utilised by a corporation for a number of purposes, including to: Exit a...
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What Is The Buildings Societies Act (Amendment) Bill 2023-24?
There is much talk in the press of the cost of living and interest rates, particularly the rising mortgage rates and the rate at which the Bank of England’s belated rate rises are to feed through into the real economy and impact many people’s...
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Pension vs. The Family Home – Is It Ever a Fair Deal?
When parties go through separation, the number one priority is often housing. The stress of ensuring immediate housing needs are met can often result in parties overlooking the importance of pension assets. When considering finances on separation...
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New Changes to the Probate Application Process – What Does This Mean for Personal Representatives?
HMRC have announced changes to the probate application process, which has taken effect as of 17th January 2024. Our Wills, Trusts, and Probate team explore what the issues were with the previous probate application process and what the new process...
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Service Charge Disputes: Your Questions Answered
A service charge is a sum that is paid in relation to maintenance, services and repairs. They are typically found in a lease, where it is agreed that a tenant will pay a landlord (or management company) a service charge to cover the service costs...
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Navigating Nitrate Neutrality: A Crucial Factor in Planning and Development
Nitrates are produced by various methods, including agricultural discharges, wastewater treatment discharges, and development and construction on land, which disturbs the soil. When nitrates are released and discharged into neighbouring water, a...
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Should I Sublet my Commercial Property Instead of Assigning the Lease?
A sublease is when a tenant of an existing lease (the “superior lease”) grants another lease below their own. The term of the sublease cannot be longer than the term of the superior lease. A sublease is the same as an underlease. To sublet, you...
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Event
9
Myerson Connections Conference 2024
We are pleased to invite you to the 2024 Myerson Connections Conference which is taking place on Thursday 9th May from 8.30am to 3pm at the fantastic Lowry Theatre in Media City, Salford Quays . As always, the Conference is completely FREE to...
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Blog
The Perfect Storm - Ongoing Struggles for Hospitality and Leisure Businesses
New data from commercial real estate analysts Altus Group has revealed that pubs across England and Wales are closing at a rate of two per day. With a reported 383 pubs having been either demolished or redeveloped during the first half of 2023, pub...
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Blog
To Mediate or Litigate? - Choosing the Right Route for Will Disputes
Losing a loved one and dealing with grief is never easy. It can be made considerably worse if a family dispute arises as to how a deceased’s estate should be distributed. Disputes can result in expensive and time-consuming court proceedings, which...
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Webinar
22
An Introduction to Succession - Private Wealth Seminar
In this webinar, our expert Wealth team guide you through the key things you need to think about to secure a strong succession for your business and how to best manage associated wealth. This webinar covers; Exit types, including, sales, management...
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Blog
Can I Preserve My Family’s Wealth With a Prenuptial Agreement?
If you are contemplating marriage or a civil partnership, entering into a prenuptial agreement is an effective mechanism to ensure your family wealth is ringfenced and preserved. A prenuptial agreement is a transparent contractual agreement which...
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Blog
New Year, New Legislation – What's Changing for Employers in 2024?
2024 is set to be a busy year for HR and employers , with a raft of changes to existing employment laws coming into effect and a number of new employee rights being introduced. There is also the potential of a general election to consider, which...
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Blog
International Data Transfers Final Reminder For Moving Away From The Old EU Standard Contractual Clauses
By way of a reminder, 22 September 2022 marked the date from which UK businesses could no longer use the old EU standard contractual clauses ( SCCs ) for any new agreements entered into where personal data is transferred outside of the UK to...
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What Do I Need to Consider When I Am Buying My First Home?
At present, this is a crucial question that is at the forefront of many first-time buyers' minds. According to Today's Conveyancer , new registrations for home services, including conveyancing, surveying and removals, were 73% higher in the first...
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AI and Manufacturing: Key Considerations for Employers
Artificial Intelligence (“ AI ”) is increasingly being implemented across all sectors, with manufacturing and engineering being no exception. According to a survey conducted by Deloitte in 2020, 93% of companies believe that AI will be a pivotal...
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Financial Provisions for Unmarried Couples: Claims under Schedule 1 Children Act 1989
Schedule 1 to the Children Act can be used to provide financial support for a child where the parents of a child have not been married or civil partners. In these circumstances, the Court does not have the wide powers it has on divorce or the...
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The UK’s New International Recognition Procedure For Medicines Comes Into Effect
Life Science is a global business, and patients across the world benefit from the ability of their national regulatory bodies to recognise the procedures for authorisation of new medicines implemented in other countries. In this article, we briefly...
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Borrowing and the Real Estate Refinancing Gap
The 'refinancing gap' refers to the difference between the amount needed to be borrowed to refinance existing debt and the amount that lenders are willing to lend. This issue has become much more prevalent in the last couple of years due to the...
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The Power of Green Leases in Real Estate
In the global pursuit of sustainability, businesses increasingly recognise their crucial role in reducing their environmental footprint. One innovative approach gaining traction in the commercial real estate sector is the adoption of "green...
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Blog
UK Government Consults on Potential Changes to the National Security and Investment Act 2021 (NSIA)
On 13 November 2023, the UK Government issued a call for evidence to gather feedback from stakeholders on potential changes to the NSIA with the view of making it " as pro-business and pro-investment as possible " whilst retaining and refining...
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What Am I Entitled to if I Divorce My Spouse?
Financial obligations exist between married couples, which do not end automatically once the divorce process is complete. Accordingly, it is important to consider resolving finances on divorce . If the parties can reach an agreement between...
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Blog
Is Online Gaming Paving the Way for Children to Gamble
Gaming is a lucrative technology industry in the UK. In 2022, the sector grew to a value of £62 million and is expected to have grown again in 2023. Children and young adults comprise a substantial section; earlier this year, Ofcom reported that...
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Webinar
Financial Law Update: Buying and Selling an IFA Practice
Join us for our latest Financial Law webinar where we will be covering everything involved in the buying and selling of an IFA practice. This webinar is a must-attend for Independent Financial Advisors who want to remain up to date on the latest...
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Hospitality and Leisure Q&A: Altrincham Football Club
Altrincham Football Club holds a special place in the hearts of local Altrincham residents and football enthusiasts alike. Over the years, Altrincham FC has evolved, embracing a distinct playing style under the stewardship of manager Phil...
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Blog
Battle of the Brands: Delta Air Lines and Marriott Hotel Chain
Amid an ongoing intellectual property dispute between Delta Air Lines and Marriott International, the US airline company has commenced a new claim against Marriott asserting passing off with respect to Marriot’s use of the word ‘Delta’ in...
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Blog
New Year, New Will!
You may wish to make it one of your New Years resolutions to make a Will or review your current Will, particularly if your circumstances have changed. For example, if you have recently married and made a Will before the marriage, your Will may no...
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Blog
Commercial Agency Update: Implications of the Retained EU Law (Revocation and Reform) Act 2023
In May 2023, the UK Government changed its plan to revoke all EU-derived laws, which would have included the Commercial Agents (Council Directive) Regulations 1993 (the Regulations ). The Retained EU Law Bill prescribed a targeted list of 600...
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Looking Ahead: 2024 Real Estate Considerations
As we welcome the new year, we are set for a busy twelve months ahead in the real estate industry. The following article from our Property Litigation experts addresses several considerations and predictions for the property sector in 2024.
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News
Myerson Solicitors Announced as Official Partner for Manchester Young Professionals
Myerson Solicitors is delighted to announce its partnership with Manchester Young Professionals (MYP) . This collaboration signifies a commitment to supporting and empowering the vibrant community of young professionals in Manchester. Manchester...
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Blog
How Can My Spouse Be Provided for Without Causing Damage to the Farming Enterprise?
The division of a farm on divorce can be a highly complex and sensitive matter. The court is often faced with a dilemma in weighing up the need to provide for the non-farming spouse fairly on divorce whilst preventing irreversible damage to the...
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Blog
Navigating the Commercial Lease Exit: A Tenant's Guide
Some commercial tenants find that they no longer require a lease of the property they are renting due to expense or business needs. In many leases, there are express provisions governing a tenant’s potential right to exit a lease or transfer their...
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Blog
Hospitality and Leisure – A Battle of the Forms
The backbone of most hospitality and leisure businesses is the legion of suppliers and contractors working away in the background to keep things running smoothly. With the volume of contractual agreements in place with different contractors and...
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Blog
Starting Divorce Proceedings: What Is Required?
Making the decision to get a divorce can be a particularly emotional and stressful time in someone’s life. However, the process of getting a divorce does not need to be complicated, especially with the use of the services of a specialist family...
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Blog
Aretha Franklin's Will – Were Her Wishes r-e-s-p-e-c-t-ed?
The death of Aretha Franklin in 2018 left a void in the music world, but it also sparked a legal saga that highlighted the complexities of inheritance law and the importance of having a properly executed Will. After her passing, two handwritten...
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Blog
Gambling Adverts in Football: Play Your Cards Right
It was revealed last month that three posts on Twitter by Betfred, which featured global boxing phenomenon Anthony Joshua, had been banned by the Advertising Standards Authority ( ASA ) following an investigation by the regulator. This decision was...
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Septic Tanks - All You Need to Know
Put simply, a septic tank is a chamber that is buried underground and stores your wastewater. They are commonly found in rural areas where properties are not connected to the main sewage grid. There are specific regulations in place to ensure that...
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DIY Divorce: The Cost & Process of Divorcing Without a Solicitor
Changes to the procedure for applying for a divorce in England and Wales mean that all divorces are now applied for online, and as a result, more people are starting to apply for their divorces, often to try and circumvent the legal fees of...
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Retail Landlords and Tenants – Top Tips for the Festive Period
The festive season is typically a peak selling season for retailers, and with the challenges facing the High Street, many will be taking every opportunity to maximise their revenue this Christmas. Property owners and occupiers should consider their...
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Blog
Private Equity (PE) Transactions: A Brief Overview 2023
This blog from our Corporate Team provides an overview of transactions with a Private Equity house and considerations for both an investor and the target company. Private equity can be used for raising working capital but also, more commonly, to...
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Blog
Navigating the Investment Business Compensation Scheme
It is well established that the primary avenue of claim if you suffer financial loss because of poor advice received from a professional is one of professional negligence . It is possible to bring a claim against someone you have paid to provide...
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Blog
Government Announces £2 Billion of Funding for Engineering Biology
On 5 December, the UK Government revealed its new £2bn 'vision' to be rolled out over the next decade, aimed at harnessing the enormous potential of engineering biology to revolutionise how the UK grows food, develops medicines and produces fuel...
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Blog
Divorce Considerations Around Christmas Time
For many separating couples, deciding to apply for a divorce is not an easy step, and our Family lawyers understand that Christmas can be a difficult time if you are considering separating. How do you initiate a divorce? The introduction of...
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Blog
Game Changer: How Tech is Changing the Game of Football
Over recent years, we have witnessed a flurry of technological innovations being introduced in professional football in an attempt to gain advantages both on the pitch (i.e., improve athletic performance) and off the pitch (i.e., improving fan...
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Blog
Enforcing a Money Judgment by Taking Control of Goods
In our previous blog , we provided a summary of enforcement options once a judgment is obtained from the court. In our next series of business debt recovery blogs, our dispute resolution solicitors will provide more information about these...
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News
Myerson Solicitors Supports the Development of New Retirement Living Communities across England
Myerson Solicitors is proud to support Adlington Retirement Living in developing new retirement communities across England. Adlington has secured a landmark £75m development facility from NatWest Group and Homes England. This funding will allow for...
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Blog
Lasting Powers of Attorney – Change is Coming
On 18 September 2023, the Powers of Attorney Act received Royal Assent, having been introduced in 2022 and passed through Parliament unopposed. The Act paves the way for changes to how Lasting Powers of Attorney (LPAs) are made and registered in...
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King’s Speech 2023: Real Estate Update
We have previously discussed the King’s Speech with regard to its proposal to introduce an independent football regulator. Under the tagline 'strengthening society’, the King's Speech 2023 also outlined two landmark bills introducing fundamental...
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News
Myerson Solicitors Proudly Celebrates International Volunteer Day with a Reflection of Their Charity Work from 2023
International Volunteer Day is recognised globally on the 5th December. Founded by the United Nations in 1985, it is a day to celebrate the work of volunteers, recognising the value of the work they do for advancing peace and development worldwide...
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Can I Travel with My Kids at Christmas Without the Other Parent's Consent, or Is It Abduction?
You may be planning to take your children away over the Christmas period to visit friends and family who do not live close by or to have a festive holiday. If this is your plan, you need to be aware of the legal requirements in relation to...
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Blog
Common Misconceptions About Varying a Commercial Lease
Landlords and tenants often agree to “extend” or “add on” some additional floor space to an existing lease during the term of an existing lease. It is a common misconception that such changes might be achieved by varying the lease and documented in...
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News
Myerson Solicitors Delighted to Support the Opening of Greek Restaurant, Stolen Lamb, in Wilmslow
Myerson Solicitors are proud to have supported the highly anticipated re-opening of the Stolen Lamb restaurant in the heart of Wilmslow. Myerson’s expert Real Estate team , le d by Associate Sarah McNair, supported client George Hadjiyiannis in...
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Blog
Tech Round-Up: November 2023
Welcome to our Tech round-up, where we provide a snapshot of the latest legal-tech-related news. Our round-up covers topics such as the AI Safety Summit, Self-Driving Vehicles, the Autumn Statement and much more. AI Safety Summit The UK held the...
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Proprietary Estoppel Since Guest v Guest
The publicity surrounding Guest v Guest has made more families look again at their circumstances and consider taking advice on how they can avoid future disputes and the associated costs. Over the last year, we have seen a significant increase in...
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Does an Agent Acting for Competing Principals Lose Their Entitlement to Compensation?
The Commercial Agents (Council Directive) Regulations 1993 have provided agents with significant protection since their establishment. On termination of an agency agreement, principals are often required to pay significant termination payments by...
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