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.
Avoiding 5 top HR traps with quality employment contracts
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.
Empathy trumps raw intelligence
I read recently that if your business model relies on ‘restricted access to information’, then in the internet age, you are as good as dead. We live in a time of almost complete democratisation of information – and this trend is only accelerating. The natural traits of empathy, humility and real interest are critical to being a good lawyer. Skills in active listening, industry knowledge and commercial experience are more important than ever.
Before you get appointed, get prepared
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.
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…