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GLOSSARY

Promoter definition

Published by a LexisNexis Corporate expert

What does Promoter mean?

A promoter is an individual, firm or company acting as a principal involved in the formation of a company.

The term promoter is not defined as yet by statute but the meaning of the term has been dealt with in many cases. Promoters stand in a fiduciary relationship with the company. Whether a person is deemed a promoter is a question of fact. Promoters are said to be individuals who set in motion the machinery by which the Companies Act 2006 enables them to create an incorporated company. It is common for two or more companies to agree to promote jointly a company which will be controlled by them. See Butterworth's Corporate Law Service, [11.64]–[11.70]

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Planning a digital marketing campaign—checklist

Planning a digital marketing campaign—checklist This Checklist is for use when planning a digital marketing campaign. The focus is on marketing-specific requirements and the Checklist does not consider general issues in relation to transactional activity (eg contract formation, distance selling). It covers media selection, territorial targeting, agency contracts, data protection, advertising compliance, user-generated content, influencer engagement, prize and price promotions, and behavioural advertising. It also considers compliance with legislative and self-regulatory regime in the UK, including the unfair commercial practices provisions of the Digital Markets, Competition and Consumers Act 2024 (DMCCA 2024) and the UK Code of Non-broadcast Advertising and Direct & Promotional Marketing (CAP Code). Digital marketing can reach consumers at home, at work and, through their mobiles, tablets and video game consoles, virtually everywhere else. Alongside unrivalled potential audience numbers, it offers brands the opportunity to target individuals on the basis of their specific interests, locations or habits. It is no surprise, then, that brands are diverting more and more of their marketing spend from traditional media to...

VAT on property transactions—checklist

VAT on property transactions—checklist This Checklist sets out the key VAT issues to be considered on property transactions. The issues listed under ‘all property transactions’ should be considered in every case, followed by the issues that are listed under the particular transaction in question (grant of a lease, assignment or surrender of a lease, freehold sale, commercial development, or residential development). The issues listed under the grant of a lease, the surrender or assignment of a lease and the sale of freehold land may also be relevant to any development transaction. For detailed commentary on the VAT issues highlighted in this Checklist, see the VAT on property subtopic and in particular, the Practice Notes referred to in this Checklist. Type of property transaction Key VAT considerations All property transactions Is the transaction a transfer of a going concern (TOGC)? If so, there is no supply for VAT purposes so no VAT is due. For more detail, see Practice Note: VAT—transfers of a going concern involving land and buildings. ...

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Incorporating a company

STOP PRESS: The Economic Crime and Corporate Transparency Act 2023 (ECCTA 2023) received Royal Assent on 26 October 2023. It is intended to enhance corporate transparency in the UK, principally through Companies House reforms and amendments to provisions of the Companies Act 2006. It also seeks to modernise the regulatory framework for limited partnerships and create stronger powers to tackle economic crime. ECCTA 2023 is to come into force in stages. A number of its provisions came into force on 4 March 2024 and may impact this content. For further information, see Practice Notes: Implementation of the Economic Crime and Corporate Transparency Act 2023 and The Economic Crime and Corporate Transparency Act 2023, particularly the legislation and consultation tracker.What is a company?A company is a separate legal entity, distinct from its members. It is owned by its members and it is managed by its directors. It is regulated by the Companies Act 2006 (CA 2006).The company is a very commonly used business vehicle; there are over 5 million registered companies in...

Tailoring a shelf company

STOP PRESS: The Economic Crime and Corporate Transparency Act 2023 (ECCTA 2023) received Royal Assent on 26 October 2023. It is intended to enhance corporate transparency in the UK, principally through Companies House reforms and amendments to provisions of the Companies Act 2006. It also seeks to modernise the regulatory framework for limited partnerships and create stronger powers to tackle economic crime. ECCTA 2023 is to come into force in stages. A number of its provisions came into force on 4 March 2024 and may impact this content. For further information, see Practice Notes: Implementation of the Economic Crime and Corporate Transparency Act 2023 and The Economic Crime and Corporate Transparency Act 2023, particularly the legislation and consultation tracker.A person wishing to set up a new company has the following options:•they can incorporate a new company in accordance with the Companies Act 2006 (CA 2006), which is tailored to meet its specific requirements upon incorporation (a tailor-made company), or•they can purchase a ready-made company 'off-the-shelf' (ie, a company that has...

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Music artist’s merchandising agreement (pro-licensee)

Music artist’s merchandising agreement (pro-licensee) This Agreement is made on [insert date] PARTIES 1 [Insert artist name] of [insert artist address] (hereinafter called the ‘Artist’); and 2 [Insert licensee name] a company incorporated in England and Wales whose registered number is [insert company number] and whose registered office is at [insert registered office address] (hereinafter called the ‘Company’ which expression includes its successors and assigns). THE PARTIES AGREE: 1 Definitions and interpretation 1.1 The following definitions apply in this Agreement: Advance • has the meaning given to it in clause 7 below; Agreement • means this Agreement and any and all schedules and annexes attached to it or incorporated in it by reference; Artist’s Name • means ‘[insert the Artist’s professional name]’ and/or such other professional name(s) as the Artist may from time to time use during the Term; Artist’s Property • means the Artist’s Name, characters, symbols, logos, identifying indicia, designs, Artwork Materials and all or any intellectual property rights and/or other like property...

Prize promotion terms and conditions—short form

Prize promotion terms and conditions—short form 1 How to participate 1.1 In order to enter this promotion, go to [[insert URL] and enter the information requested OR write to us at [insert address] (you are responsible for paying sufficient postage on your entry)]. 1.2 All entries must include your name, email address, postal address (including postcode), and telephone number. 1.3 Entries that do not comply with these terms and conditions will be void and will not be entered into this promotion. 1.4 [Insert details of any significant conditions and costs and other major factors likely to influence a consumer’s decision or understanding about the promotion.] 1.5 [Insert details of any free-entry route for the promotion.] 1.6 [You may enter this promotion a maximum of [insert maximum number of permitted entries] times. OR You may only submit one entry to this promotion. OR You may enter this promotion as many times as you wish.] [ Entries over the maximum number of entries will be void and will not be...

Dive into our 3 Precedents related to Promoter

Private Client weekly highlights—1 May 2025

This week’s edition of Private Client highlights includes: (1) Hubbard v Hubbard, where the lack of credible evidence resulted in the disallowance of a claim for trustee expenses; (2) NHS South East London ICB v JP & the Royal Hospital for Neuro-Disability, which considered issues of dignity, delay, and declarations on best interests; (3) R (YVR) v Birmingham City Council, a decision involving adult social care charging policies, the public sector equality duty, and severely disabled adults; (4) HMRC publishes Tax update spring 2025; (5) CIOT’s response to the consultation on reforms to agricultural property relief and business property relief concerning their application in relation to trusts; (6) Patel v Patel, where the High Court resolved a dispute between two executors over the funeral arrangements for their father, and (7) the Courts and Tribunals Judiciary publishes updated AI guidance and introduces Copilot Chat for judges.

Private Client weekly highlights—17 April 2025

This week’s edition of Private Client highlights includes: (1) Changizi v Changizi, where a non-exempt beneficiary’s share of estate was liable for IHT under Re Ratcliffe; (2) Argyll and Bute Council v RF (by his litigation friend, the Official Solicitor), in which the Court of Protection refuses an application for recognition and enforcement of a Scottish Guardianship order; (3) Abbasi v Newcastle upon Tyne Hospitals NHS Foundation Trust; Haastrup v King’s College Hospital NHS Foundation Trust, in which the Supreme Court held that anonymity for clinicians in withdrawal of treatment cases involving children should normally be of limited duration; (4) Companies House launches a new voluntary identity verification service; (5) Armstrong v Bhattacharya, which highlights the importance of clear, contemporaneous documentary evidence and a consistent case in circumstances where a person wishes to demonstrate that ownership of a property differs to that which is recorded at HM Land Registry; (6) Tedford v Clarke, in which the court held that although a Will was badly drafted, it was not meaningless and...

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