A new Australia-wide study has revealed Australian law firms are ill prepared for the challenges of the future – more than a third admit their business models are not fit for the demands of the years to come.
An industry body for co-operative businesses has labeled a change in New South Wales and Victorian law a ‘watershed’ moment for the sector.
Getting out of a shareholders agreement can be tricky and often leads to costly disputes, and commonly causes small business owners grief.
In the vast majority of cases once you enter into a contract you are locked into its terms. However, there is a way out – you may be able to claim the contract is void because it is “unfair”.
Ensuring your business is ready for the silly season isn’t about being a scrooge – it’s to ensure all you’re left with is a sore head.
A bunch of friends or family members dream up a business idea, nut out the details on a napkin, and the deal is sealed with a handshake. If only it were that simple.
An agreement does not need to be in writing to be legally binding as enforceable contracts can either be in written or verbal form.
Businesses enter into loan agreements on a regular basis, but it’s crucial that that you review any loan agreement you sign off on.
Many business people don’t bother working with a lawyer when entering into important contracts, and end up agreeing to terms which eventually cause long terms issues, both from a client relationship and monetary perspective.
An unfortunate reality is that many businesspeople draft important legal documents themselves, using a template from a previous job or simply a free template they’ve discovered on a random website.
