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What Is A Restraint of Clause and How Can It Be Enforced
Are you considering the purchase of an established business? If so, then you need to make sure that the previous owner will not be establishing another business that may stand as a direct competitor of the company you recently acquired. In the same way, if you have an independent contractor or employee, you need to...
An Australian Business Owner’s Guide to Joint Ventures
The concept of joint ventures is a particularly frequent topic of discussion for many business owners. For companies that are determined to develop innovative products, expand into new markets, or strike a balance between longevity and sustainability, this setup is worth considering. At this point, you may have come across a few opportunities to merge...
Mergers and Acquisitions – Simple Mistakes You Should Avoid
A merger or acquisition can be very beneficial to your company. The primary purpose is to increase the value and accelerate the growth of your business. Both of these allow your company to grow at a rate that would not have been possible organically. Of course, this is provided that the process is done correctly....
What Should Be Included in a Proper Shareholders’ Agreement
The main purpose of a shareholders’ agreement is to ensure the fair treatment of each member as well as protect each of their rights and assets. This agreement is used to govern the relationship between a company, its shareholders and amongst themselves. This official and binding document determine how best they can work together, move...
Common Questions About Hiring a Lawyer for Your Nonprofit
When starting a nonprofit organisation, there are many challenges to face, including some legal hurdles that may require you to hire a nonprofit lawyer. While corporate lawyers who specialise in nonprofits aren’t a requirement when starting an organisation, it sure is a huge advantage. A lawyer can help you navigate the process and prevent you...
Selling Your Business – Ask Yourself These Questions First
After deliberating your fiscal matters and planning your next steps, you’ve decided that it’s in your best interest to sell your business. It may be a difficult idea to accept because of how much time and effort you’ve put into building your business from the ground up, but there will come a time when it’s...
4 Reasons Australian Companies Expand Into China
One of the highest import and export markets for Australia is China. With a solid business relationship due to plenty of foreign direct investment prospects, tourism values, and international study opportunities, many Australian companies are thinking of expanding their operations into China. China itself is one of the biggest marketplaces in the world, making it...
Understanding a Contract Indemnity Clause – What to Know
An indemnity clause is a typical feature in a construction contract. It is an agreement to cover loss and damage suffered from a breach. Despite its seemingly straightforward concept, it is often a cause of disputes and can be a point of contention during contract negotiations. A contractual indemnity alters the common law or statutory...
Understanding Contracts – What Is an Indemnity Clause
An indemnity clause is an agreement that protects one of the parties and holds the other party monetarily responsible in case certain conditions are met. Suppose you own a restaurant. As the owner, you will transact with suppliers to provide your needs. However, when a customer suddenly gets food poisoning and sues you for it...
5 Reasons Why Every Business Needs a Lawyer’s Services
Every business needs a lawyer on its team. As a business owner, you may already understand the trouble that comes with setting things up. There are tons of paperwork to go through that require legal assistance, which is why it is best to have a corporate lawyer on your side. Here are more reasons why...
Signing a Commercial Lease – Here’s How a Lawyer Can Help
With your business seeing the progress you’ve strived for and your profits growing, it’s clear that there’s no better time to finally make some much-needed upgrades than today. Now that everything is falling into place, it’s finally time for your company to make some investments that will allow it to go even further and set...
6 Company Law Elements for Foreign Investors in Australia
Foreign investors in Australia looking to invest in the country needs to undergo a meticulous process. The Australian corporate law offers many benefits for foreign investors, but there are elements of the law you need to know before you get started. What are they? 1. Directors and Officers Directors, like managers, owe the company itself and...