Post-employment restraints: common traps and drafting tips
A post-employment restraint can help to protect a business from an ex-employee causing damage to a business. In this article we give tips on drafting effective post-employment restraints.
5 things you need to know about ‘vendor finance’
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.
4 key things to think about before you start your estate planning
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.
Taming the ‘Seven Dogs’ of business succession planning
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…
Are you an ‘employee’ or ‘independent contractor’, and why should you care?
Over the past couple of decades there has been a clear shift away from ‘traditional employment’, and towards people acting as independent contractors or ‘freelancing’. This has important impacts on both ’employees’ and ’employers’.
Binding Financial Agreements – The basics
A ‘Binding Financial Agreement’ is a way for couples to put in writing what they would like to happen to their property if their relationship breaks down, or if their relationship has already broken down and can avoid costly disputes.