Jurisdiction(s):
United Kingdom

Key definition

Beneficial ownership definition

What does Beneficial ownership mean? Beneficial ownership describes, in practice, the person who ultimately enjoys the benefit of or control over property, shares or other assets, even where legal title is held by a trustee or nominee. In England & Wales and Northern Ireland, it typically denotes an equitable interest under a trust or nominee arrangement, distinct from legal title. In Scotland there is no legal/equitable split; trustees hold title and beneficiaries have personal rights, but “beneficial owner” is used in practice and in transparency/AML contexts to describe the ultimate owner or controller. In Ireland the term is used similarly and is defined for...

Side letter to consultancy agreement: individual consultant warranties and undertakings on ownership, confidentiality, data protection (with schedule letter to client), IP, conflicts, restrictive covenants and termination

Published by a LexisNexis Employment expert

Precedents

[ To be typed on letterhead of individual ]

[ Insert name of consultancy company ]

[ Insert address of consultancy company ]

Date: [ insert date ]

Dear [ insert name of consultancy company ]

[ Insert name of consultancy company ] (the Consultancy)

[ Insert name of client company ] (the Company)

Consultancy agreement

I refer to the [ proposed ] consultancy agreement between the Consultancy and the Company [ reference [ insert reference ] ] [ , a copy of which is attached to this letter, ] (the Consultancy Agreement), under which you are obliged to ensure that I (as the individual providing services under the Consultancy Agreement) comply with specified provisions of the Consultancy Agreement.

1 Consultancy Agreement

1.1 In consideration of receiving payment from you for my services, I send this letter to enable you to give the Company the confirmations it requires under the Consultancy Agreement. For ease, the terms used in this letter carry the meanings set out in the Consultancy Agreement.

1.2 I confirm that I am the beneficial owner of [ more than 50% of the OR the entire ] issued share capital of the Consultancy. I undertake that, during...

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Web page updated on 22/05/2026

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