Company Profile
Befitting a company 250 years old, Pagan Business Law has built up a network of affiliates across the UK and Europe. From their three offices in Scotland, Pagan specialise in all aspects of commercial and business practice.
Legal Risks
Businesses face legal risks all the time, and in many cases are not aware of the extent of those risks. Examples include:
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Credit Risks: the risk that one or more significant customers may not pay their invoices.
Action: Ensure you have valid retention of title clauses in your contracts. Join credit circles. Take action against debtors sooner rather than later.
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Management Risks: is the management knowledge of your company concentrated in the hands of too few people and what happens if something happens to them?
Action: delegate where appropriate. Consider the risks of accident to senior management at all times.
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Shareholder Dissatisfaction: is the Company at risk because some shareholders are "disaffected"?
Action: remember that they have a genuine interest in the Company as shareholders. They may have rights to be consulted or receive income, or if the problems are brewing, should they be removed?
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Contractual Risk: has the company entered a contract where it is bound to deliver something outwith its control? Can that risk be laid off?
Action: after getting the order and before signing off the paperwork, check whether you can deliver what you have agreed to deliver. If there is a risk, can anything be done about it?
This web page was created by
Kall Kwik Paisley, 25/29 Causeyside Street, Paisley PA1 1UH.
Tel: 0141 889 8902. Fax: 0141 889 8905
