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Final Year International Law Student @ Uni of Leeds
Hi Myra, It’s lovely to hear you’re interested in the TC route, and welcome to the TCLA forum! Do let us know if you’ve got any questions at all ;)- Amma Usman
- Post #2
- Forum: Introduce Yourself Here!
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The Weekly Brief: Commercial Awareness Updates
Material Adverse Change (MAC) Clause A MAC clause allows a party, usually a buyer in an M&A deal, to walk away if a significant negative event affects the target company. This could involve financial downturns, loss of key clients, regulatory sanctions, or other events that fundamentally reduce...- Amma Usman
- Post #23
- Forum: Commercial Awareness Discussion
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The Weekly Brief: Commercial Awareness Updates
Shareholders’ Agreement A shareholders’ agreement is a contract between a company’s shareholders that governs their rights, obligations, and how the company should be run. It typically covers issues like share transfers, voting rights, dividend policy, and dispute resolution.- Amma Usman
- Post #22
- Forum: Commercial Awareness Discussion
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The Weekly Brief: Commercial Awareness Updates
Equity Financing Equity financing is when a company raises capital by selling shares of its stock to investors. Unlike debt financing, the company does not need to repay the funds or pay interest. In exchange, investors receive ownership stakes and may influence corporate decisions. This method...- Amma Usman
- Post #21
- Forum: Commercial Awareness Discussion
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The Weekly Brief: Commercial Awareness Updates
Warranties and Representations These are statements of fact made by one party to another, typically during contract negotiations. A representation is a factual statement made to induce a contract, while a warranty is a promise that certain facts or conditions are true. If a representation is...- Amma Usman
- Post #20
- Forum: Commercial Awareness Discussion
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The Weekly Brief: Commercial Awareness Updates
Covenant A covenant is a legally binding promise within a contract that requires a party to do, or refrain from doing, something. In finance, covenants are often used in loan agreements to protect lenders, such as promises to maintain certain financial ratios. In M&A or commercial contracts...- Amma Usman
- Post #19
- Forum: Commercial Awareness Discussion
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The Weekly Brief: Commercial Awareness Updates
Initial Public Offering (IPO) An IPO is the process by which a private company offers its shares to the public for the first time. This allows the company to raise capital from public investors. It typically involves regulatory filings, underwriting by investment banks, and extensive disclosure...- Amma Usman
- Post #18
- Forum: Commercial Awareness Discussion
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The Weekly Brief: Commercial Awareness Updates
Non-Disclosure Agreement (NDA) An NDA is a legally binding contract in which parties agree not to disclose confidential information shared during business dealings. It helps protect trade secrets, business strategies, or sensitive data. NDAs can be mutual (both parties share information) or...- Amma Usman
- Post #17
- Forum: Commercial Awareness Discussion
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The Weekly Brief: Commercial Awareness Updates
Indemnity An indemnity is a contractual promise by one party to compensate another for certain losses or damages. It shifts risk from one party to another. Indemnities are common in commercial contracts, especially in M&A deals or supply agreements. They can apply to third-party claims...- Amma Usman
- Post #16
- Forum: Commercial Awareness Discussion
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The Weekly Brief: Commercial Awareness Updates
Force Majeure Force majeure refers to a contractual clause that frees parties from liability or obligation when extraordinary events beyond their control occur. Examples include natural disasters, war, pandemics, or government actions. If triggered, it may suspend or terminate contractual...- Amma Usman
- Post #15
- Forum: Commercial Awareness Discussion
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The Weekly Brief: Commercial Awareness Updates
Due Diligence Due diligence is the investigative process a party undertakes before entering into a legal agreement, such as a merger or acquisition. It involves reviewing financial statements, legal documents, contracts, and compliance matters. The goal is to assess the risks and value of the...- Amma Usman
- Post #14
- Forum: Commercial Awareness Discussion
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The Weekly Brief: Commercial Awareness Updates
Hi TCLA Community! We’re back with the commercial awareness updates! The next few posts will focus on key definitions/terms to prep you all well in advance of those deadlines/ the new application cycle!- Amma Usman
- Post #13
- Forum: Commercial Awareness Discussion
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TCLA Direct Training Contract Applications Discussion Thread 2024-5
Letting a candidate know of the benchmark of the firm is up to the discretion of the firm, and this may not be granted. As for how to ace it, feel free to head over to our Wiki page ( https://www.thecorporatelawacademy.com/forum/wiki ) and click on Watson Glaser for some tips from the team.- Amma Usman
- Post #5,337
- Forum: Applications Discussion
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TCLA Direct Training Contract Applications Discussion Thread 2024-5
Hey, So generally, the structure comes in three-fold; why commercial law (not just why law as you need to be precise), why the firm, and why you. In the why you section, you could tend to focus on more substantial/academic/ work experience elements, as opposed to extracurriculars, seeing as...- Amma Usman
- Post #5,297
- Forum: Applications Discussion
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TCLA Vacation Scheme Applications Discussion Thread 2024-25
Huge congratulations Chris! Very well deserved ;)- Amma Usman
- Post #22,252
- Forum: Applications Discussion
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TCLA Vacation Scheme Applications Discussion Thread 2024-25
Hi! Thanks so much for sharing your situation - I really empathise, as I know how hard the process can be given these considerations. You're absolutely right that most paralegal roles aren’t eligible for visa sponsorship. I think that this is mainly due to salary thresholds, as many paralegal...- Amma Usman
- Post #22,251
- Forum: Applications Discussion
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TCLA Direct Training Contract Applications Discussion Thread 2024-5
I’m unsure about HFW but I’d say a week isn’t too much of a delay when it comes to hearing back. They’re probably still collating feedback from your AC, interviewing other candidates, or juggling the other demands within an early careers team.- Amma Usman
- Post #5,257
- Forum: Applications Discussion
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TCLA Direct Training Contract Applications Discussion Thread 2024-5
I don’t think there’s a difference since they both do the same thing in my opinion - testing how you react to different situations in the workplace.- Amma Usman
- Post #5,256
- Forum: Applications Discussion
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TCLA Direct Training Contract Applications Discussion Thread 2024-5
That’s good to know. I’ve linked this thread to help. Another thing is that if you search these words individually on the main forum search bar, you would see many sources from either I or another member of the TCLA team (whether present or past). You can then choose which fits more neatly into...- Amma Usman
- Post #5,253
- Forum: Applications Discussion
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TCLA Direct Training Contract Applications Discussion Thread 2024-5
This is a really good question. If you are not comfortable with going ahead with the assessment without reasonable adjustments, definitely mention it to graduate recruitment. I do not see a world where a law firm will not take this into account. In my opinion, you should not worry too much about...- Amma Usman
- Post #5,252
- Forum: Applications Discussion