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Heads of Agreement – key terms and considerations
A “Heads of Agreement” is one of those legal terms that you may come across for the first time and find yourself doing a quick internet search. To make things more confusing, the term is sometimes used interchangeably with terms such as “Letters of Intent” or...
Essential considerations when starting a business
Starting a business can be exciting, but also overwhelming and challenging if you have not properly prepared for your new venture! This guide will take you through some essential considerations of starting a business. Business plan Business plans are vital if you want...
Managing confidential employee records – duties as an employer
As an employer, you should be aware that you owe your employees obligations in relation to any personal information they have disclosed to you. Information about an employee collected by an employer is considered personal information under the Privacy Act 1988...
Just sign here… ‘silent’ directors beware
If you have been asked to accept a position as a director of a company in which you have little or no involvement, think again. All too often spouses are appointed as a co-director of their partner’s company without understanding their full responsibilities as a...
‘Click here’ – electronic execution of documents for companies is here to stay
The COVID-19 pandemic not only brought with it changes to how we live our lives, but also clarified the validity of some increasingly common business processes. One of those innovations relates to the way in which documents may be executed by companies. Prior to March...
Your business and the Australian Consumer Law – an overview
The Australian Consumer Law, or ACL, is a national law that applies to all companies throughout Australian jurisdictions. The laws are mirrored under the different State laws for consistency for consumers across Australia, so that all consumers have the same rights...
Joint Venture or Partnership? Understanding the difference
A joint venture involves two or more persons or entities joining together for a particular project. A partnership is described as a relationship which exists between people carrying on a business, with a common view of making a profit. It also includes incorporated...
Do you have a business partner? Then you need a Partnership Agreement!
A Partnership Agreement is a contract between all the partners in a business and outlines each partner’s duties and responsibilities, governs important matters that arise from the business, and outlines procedures for making business decisions and how to resolve...
Does your privacy policy comply with the privacy laws?
Privacy law in Australia is governed by the Privacy Act 1988 (Cth) (the ‘Act) and the Australian Privacy Principles which affect the handling of personal information. The principles were introduced in 2014 to bring Australia’s privacy laws (first introduced in 2001)...
The difference between a business name and a trade mark
Choosing your branding is one of the most important decisions you’ll make when starting a business. There is a common misconception that registering your business name or registering a domain name gives you the same rights as a registered trade mark, but it does not!...