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Recent changes to Monetary Limits in the South Australian Magistrates Court
South Australia has recently changed the law for minor civil claims reducing the limit from $25,000 to $12,000. The reduction in the monetary limit for minor civil claims will come into effect on 1 August 2016 however proceedings already underway in the Magistrates Court as of this date will be unaffected. Prior to 2013, the… Continue reading Recent changes to Monetary Limits in the South Australian Magistrates Court
Evergreen Clauses, what are they and where are they hiding?
If you have ever signed up to a service that doesn’t end or you can’t seem to get out off, you’ve probably just met an evergreen clause. Evergreen clauses, also known as renewal clauses, are those tricky little statements within a contract that extend its duration automatically – unless one of the parties remembers to… Continue reading Evergreen Clauses, what are they and where are they hiding?
Intellectual Property: Asset Depreciation
Intellectual property, such as patents and copyrights can represent a significant portion of a company’s assets – particularly for highly innovative start-ups. Currently, intangible assets are subject to a legislative “effective life” period which is used to calculate their rate of depreciation. However, these existing provisions which mandate their life span are inflexible and often… Continue reading Intellectual Property: Asset Depreciation
Resolving the issue of under-utilised Employee Share Schemes
Employee Share Schemes (ESS) have long been a utilised as a valuable tool to drive and motivate key personnel to invest themselves in the future of the company. ESS are also particularly appealing to boot strapped start ups who may not have the capital or cash flow to attract and retain employees. From an employee… Continue reading Resolving the issue of under-utilised Employee Share Schemes
Risks of legal non-compliance
Compliance and risk management don’t sound very attractive but they are crucial to having a sound business and are drivers to achieving business excellence – we call it Future-Proofing. Undertaking an annual legal health check of your company is one of the best decisions you will make for it’s reputation, growth and for your sanity.… Continue reading Risks of legal non-compliance