Insights
At SMB, we are putting our expertise at your service, from the latest in legal updates to what’s happening in your industry.
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9th January 2025LLMs – The Great Data Heist
Large Language Models (LLMs) are a type of artificial intelligence (AI) that use deep learning algorithms to understand and generate text, images and videos in a way that mimics similar outputs created by humans, basing its responses on the vast quantities of data they are trained on. While LLMs can generate creative text formats, legal documents, or summarise information, they are not designed to be inherently truthful or unbiased and can generate inaccurate or misleading content
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28th November 2024Advanced Subscription Agreements
An Advance Subscription Agreement (ASA) is a financial arrangement between an investor and a company, often a startup or early-stage business. Under this agreement, the investor pays in advance for shares that will be issued at a later date, typically during the company's next funding round.
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26th November 2024Protecting Your Business’s Value: Why Change of Control Provisions Matter for Founders
For many founders, securing a strong customer base is central to their company’s long-term value. But what happens when the business is sold, and a key contract allows customers to walk away? This is where Change of Control provisions come into play. Too often overlooked during negotiations, these clauses can have serious ramifications for both your company's valuation and your future business prospects. Here's why founders should carefully consider these provisions.
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21st November 2024Limitation of Liability – Managing Risk and Exposure
In this article, we are considering negotiated contracts rather than those which one party imposes on another by way of clickwrap or similar methodologies.
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20th November 2024Digital Markets Competition and Consumer Act 2024 Overview
The Digital Markets Competition and Consumer Act (the Act) is a new Act that received Royal Assent in the twilight hours of the last Government. The scope of the Act is wide but the coming into effect is staggered over the coming months depending on the subject area.
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18th November 2024Protecting Genius: Why Intellectual Property (IP) Matters from the Start
As a founder, turning ideas into a thriving business means protecting your IP from the start. Your company’s IP is what differentiates your brand, sets you apart from competitors, and fuels your business’ value.
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4th November 2024Separated parents and school fees VAT: Who will bear the brunt?
After a divorce or separation, parents may have to pay private school fees under a court order. But what if the school fees are no longer affordable (or are claimed not to be)?
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21st October 2024Employment Rights Bill – Time to catch-up
The much-anticipated Employment Rights Bill was published on Thursday 10 October. Running to over 150 pages it is likely to be one of the biggest overhauls to workers’ rights and Employment law in nearly 30 years.
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15th August 2024Understanding mediation
If you are considering separating from your partner, the process of divorce can seem daunting. You are not alone in feeling like this and the family team at SMB are regularly asked about the process of divorce and mediation. Below we have compiled some of the most popular questions that clients ask us about mediation to help sign post you to your next steps.
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