Whether you are a start-up founder or a seasoned entrepreneur, one of the most important legal documents you need especially when governing a business is a shareholder’s agreement. This legally binding contract is the guide for each party when it comes to their rights, responsibilities, and obligations as a shareholder, ensuring that everyone is on [...]
A good business lawyer can play a pivotal role in your business. Beyond tackling legal issues, a business lawyer can play a pivotal role in establishing your business structure, crafting contracts or terms & conditions, navigating commercial leases, and even facilitating a business sale. If you are wondering when you should engage the services of [...]
When it comes to sorting out a plan with an Estate lawyer in Geelong, most people often overlook including a business succession plan. People often believe that their business will automatically pass on to their family or executors of the estate in the event of their death or loss of agency. However, transferring a business's [...]
Will Punivalu, Principal at WJM shares his insights Many business owners find the prospect of selling their business daunting and unnecessarily stressful. As an experienced business lawyer who has dealt with selling businesses across Victoria, I’ve highlighted three important things to consider which will assist in simplifying the process. Preparation in selling your business [...]
Contract disputes can be costly and time-consuming for businesses. By ensuring your business contracts are in good order, you can help minimise the chances of a contract dispute arising. Tips to avoid contract disputes There are key things to consider when drafting contracts to avoid common contract disputes and keep your business running smoothly. Written [...]
Commonly, businesses supply products or services without formal agreements. Typically, experienced business lawyers see disputes occur when the terms of the transaction are not clearly outlined in writing. Avoid misinterpretations and disputes by providing customised, written Terms of Trade at the beginning of your transaction. Terms of Trade explained Terms of Trade outline the scope [...]
As a business owner, you need the right advice and the right people behind you to ensure the success of your business. One professional, small business owners tend to overlook engaging with is a business lawyer. Business lawyers have the legal expertise and knowledge to protect you and your business. There are many legal issues [...]
Buying a commercial property, such as an office building, restaurant or warehouse, involves complex contracts. It is imperative you get an experienced property lawyer in Geelong to review your commercial contracts to ensure your interests are protected before you sign. Read on to learn three important factors to consider when entering into a commercial contract [...]
Choosing a business structure is essential when you start a business. Your business structure will affect your legal obligations, taxes and liabilities, as well as how you operate, so it is crucial to choose the right one for your business. Understanding Victoria’s four types of business structures and their advantages and disadvantages is key [...]
