Whether you are buying or selling a business, the chances are that ‘vendor funding’ will play an important role in getting the deal done. This article discusses 5 issues that should be considered by a seller when using vendor finance in a business sale.
Quality employment contracts can provide you with a business performance boost, and minimise business downside risks. In this article we discuss some common traps in preparing employment contracts, and how to avoid them.
Who wants to be a director? Not an easy question to answer these days, with over 700 laws that can make you personally liable for various actions (or inactions) of your company. This article provides some handy safeguards to consider before you agree to become a director.
If you’re like me you pour your life and soul into building your business. But when did you last stop and ask yourself, ‘What for?’ If, like me, being in control of your financial destiny is important to you, then it’s important to make sure that the value of your business is protected if something unexpected happens.
If you are purchasing a property with someone else, having an enforceable agreement in place can reduce the risk of an expensive separation. We can help you make sure you get the right document.
Have you thought about what would happen to your company if you became incapacitated, or worse, if you died? Who would pay the bills, and enforce the company’s rights?
There will be times when an employee leaves your business and you find out later that several significant customers have followed them to their new employment or business. What can you, as a former employer, do in these situations?
Businesses often enter into ‘heads of agreement’, ‘letters of intent’, or a ‘memorandum of understanding’ in the course of negotiating a deal, often without input from a lawyer. So which of these are binding, and which aren’t?
Estate planning basically involves working out what you have, deciding where you would like it to go, and then choosing people to make that happen. Here’s 4 simple questions that you will need to answer to get things started.
We are commercial lawyers with a wealth of experience in tailoring foreign commercial contracts to ‘play nicely’ in Australia.
The effect of death on ‘Child Support Agreements’ and ‘Binding Financial Agreements’ can be a little complicated – but more importantly, can have unintended consequences for your Estate Planning.
The Personal Property Securities Act (the PPSA) celebrated its 1st birthday on 30 January 2013. However, the way the PPSA applies to internal business structures is frequently overlooked.
No matter what type of business you’re in, it’s important to protect yourself against the unexpected – what we refer to as the “Seven Dogs”: Death, Disability, Divorce, Default, Departure, Disagreement and Deadlock.
When one of these events occurs, often one business owner will want to take ownership and control of the business, and the other owner (or their family) will want funds to maintain their lifestyle.
A lot of questions then arise…
Super nominations do not need to be as boring (and perhaps as inappropriate) as “I nominate my spouse to receive 100% of my super”. Set out below are 7 ways to get creative – and more effective – with your super nominations.
You’ll be put straight through to a great lawyer who will guide you to the right solution.