Will I ever realise the value in my business?
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.
Co-Ownership Agreements v. Binding Financial Agreements: Which one is right for me?
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.
What is a ‘Company Power of Attorney’?
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?
Who owns your customers?
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?
What should be in a ‘Heads of Agreement’?
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?
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.
Are your standard contracts valid in Australia? ‘Australianising’ your foreign contracts
We are commercial lawyers with a wealth of experience in tailoring foreign commercial contracts to ‘play nicely’ in Australia.
Death and child provision. Do you understand what happens?
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.
Happy Birthday to the PPSA!
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.
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…