Employment Lawyers Can Answer Your Employment Law Questions
Hello, I’m Ben, a UK lawyer and will be dealing with your case today. I may also need to ask some questions to determine the legal position.
Please confirm it was a share purchase to acquire the business?
SO what do you need to know about your contract exactly?
But as you are the only person in the company and in charge of everything how does that matter to you, when you can set whatever terms you want?
When you say you 'stole' the IP, how did that happen - was it not transferred on the purchase of the company?
Ok thanks, I cannot see how they are claiming you stole their IP when that would have been included in the company sale. And in any event, because you bought the shares, rather than just the assets and goodwill, a law known as TUPE would not have applied. Had it applied, your employment contract would have automatically transferred over to the new owner (even if that was you), but without TUPE, the existing contracts would have ceased at the time the transfer occurred and any employments would have carried on under any new contracts that may have been issued, or just a simplified implied contract.
Does this answer your query?
All the best