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Everything you need to know about joint ventures today
A joint venture agreement is a contract between two or more parties who agree to work together to achieve a common goal. The agreement sets out the roles and responsibilities of each party and the terms and conditions under which the joint venture will operate. It is important to have a joint venture agreement in...
What is a patent, and can I get one?
What is a patent, and can I get one? We’ve all heard the expression “that’s a great idea, you should patent it”. But what does getting a patent entail? And are there things that cannot be patented? What is a patent? A patent is legal protection for any device, substance, method, or process that is...
Trademark registration – how to protect your brand
Protecting your brand with a trademark The best way to protect your brand is with a trademark registration. A trademark registration can cover your business name, logo, or even a slogan. With a registered trademark, you will have exclusive rights to those names and images, and the right to use them for the services your...
Planning your exit – What to know when selling your business
Selling your hard-earned business is a potential exit strategy once you’re ready to close your books to start a new chapter in your life. There are many reasons a business owner would want to let go of their company. To ensure a smooth-sailing transition of power and assets, you need to know which items will...
The differences between residential and commercial conveyancing
The differences between residential and commercial conveyancing Whether you are purchasing or selling a home, residential investment, or a commercial investment, there are many similarities involved in the transfer of ownership of these different kinds of properties. There are also some important differences in the processes and complexities involved that you should be aware of…...
What is a “going concern”?
What does “selling a business as a going concern” mean? When you’re selling a business as a going concern, it means you are selling everything that’s necessary for the continued operation of that business. It also means that you will continue running the business until the day of the settlement. What property can be included?...
Licence v franchise – what’s the difference?
Understanding Business Structures in Australia Two of the most common types of businesses in Australia are licensed businesses and a franchised business. But what’s the difference? Both models are business agreements in which certain aspects of the brand are shared in exchange for a fee. However, a franchising agreement covers a business’s entire brand and operations,...
Understanding a deed of release contract
What is a deed of release? A deed of release is a legal document formed between two parties that brings a dispute or an agreement to an end, and can in fact can be used to prevent a dispute from arising in the future. Generally speaking, a ‘release’ is a discharge of obligations. There are...
Company Directors – this one’s for you
The Federal Government has new legislation requiring all company directors to have a Director Identification Number (DIN) in a bid to combat the rise of fake director registrations. DINs are a unique identifier which will stay with an individual director forever, even when they cease to be a director. As a company director, you’ll need...
Building Contract Woes
With the increase in the cost of building materials and delays in construction due to labour shortages and other issues, we’re getting a lot of questions about building contracts. Can your builder increase the price of a fixed-price building contract? In most cases, no. Although there are some exceptions including: Rise and fall clauses Prime...
Foreign Investment Fees Going Up
Investing in the Australian property market from overseas has just become a little more expensive. The Federal Government has doubled foreign investment application fees, which brings a boost to the government’s coffers, but what does it mean for you? Firstly, a foreigner can only buy into the Australian property market if their purchase can strengthen...
5 Hidden Expenses To Watch for When Buying a Business
There are plenty of advantages to buying an established business. You don’t need to spend time setting up workflows, hiring staff, buying equipment, and establishing a client base. All you need to do is figure out how to make the business work. However, it’s difficult to account for everything that could happen once you’re already...