Corporate Advisory
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Why you need a shareholder agreement
What is a shareholder’s agreement? A shareholder’s agreement is a contract between the shareholders of a company, which governs the relationship between each shareholder, and specifies who controls the company. Why you need one While it’s not a legal requirement, if your company has more than one shareholder, it’s advisable to have a shareholder’s agreement....
Think carefully before clicking ‘Publish’
When is a publisher not a publisher? According to the High Court, when it’s Google. In a landmark defamation case, the court has confirmed that publishing hyperlinks to defamatory material written by others does not count as publication – or republication. However, the court also warned against applying that as the general rule. Accordingly, it...
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...
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?...
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...
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...
Ask These 5 Questions Before Buying a Business
Buying an existing business presents an exciting opportunity. But before you jump in, there are certain things you must consider, such as asking the right questions before you sign a contract. From small businesses to big corporations, you must decide wisely before putting it all down on paper. Here are the five questions you...
5 Questions That Businesses Need to Ask Their Lawyer
Just about every business needs to work with a lawyer to ensure that they are fully protected. Indeed, businesses rely on their lawyers for a variety of important services, from providing critical legal advice to helping with complex transactions. However, not all businesses know exactly what questions to ask their lawyer in order to get...
Understanding the Key Clauses in a SaaS Agreements
If you offer software as a service, it’s important to have a solid agreement in place with each of your customers. Depending on the type of customer and how they access your software, the agreement may vary. However, there are some key clauses that should be included in every SaaS agreement. These clauses relate to...
4 General Legal Considerations for App Developments
It’s crucial for app developers to be mindful of the legal considerations and implications of their products. These are crucial to the app structure and to ensure that it will run smoothly. Creating an app isn’t only about getting a good idea and developing it. Developers must abide by certain legalities to ensure the product...
Undeniable Advantages of Hiring a Commercial Lawyer
Legal missteps can be disastrous for businesses, especially small to medium ones. Large companies have the resources to weather almost any blunder, but a small mistake could cost a smaller business a lot of money and damage its reputation. Hiring a commercial lawyer can help businesses in many ways, from contract assistance to employment law...
Trademarks and Why They’re so Important for Your Business
While you might think that registering your business name gives you exclusive rights to it, that isn’t the case. That’s why registering your business name alone isn’t enough to protect your name and brand. In fact, other people can take your name and use it, especially if the company is in another country that isn’t...