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The Role of Intellectual Property in Protecting Your Business Ideas
As entrepreneurs, your innovative ideas and unique creations are the core of your business. However, protecting these assets in the fast-paced and competitive market is crucial to ensuring your business thrives. Understanding and leveraging intellectual property (IP) rights becomes essential. At City Pacific Lawyers, we are dedicated to helping our community’s business owners safeguard their […]
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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 director. This is commonly known as a ‘silent director’. While […]
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Managing Commercial Disputes – Key Steps and Processes
A commercial dispute occurs when two or more parties have a disagreement in relation to a business matter. While the subject of a commercial dispute varies, many arise due to a party’s alleged failure to perform contractual terms and conditions, which is why it is important to always seek legal advice before signing a business […]
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Succession Planning for Business Owners
As a business owner, you deal with many responsibilities, including having to decide what to do with your business when you move on. Sometimes the logical endgame for a business is to be wound up, but in most cases, the aim is a smooth transition to new ownership. This is particularly important if you plan […]
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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 your business journey to start on the right track! You don’t have […]
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Ready to Seal the Deal? A Breakdown of the Must-Know Terms and Tips for Heads of Agreement
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 Google search. To make things more confusing, the term is sometimes used interchangeably with terms such as “Letters of Intent” or “Memorandum of Understanding”. So, what do these terms actually […]
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Removing a nominee director
When forming a company, certain documents are prepared which will be pivotal to its existence. Once registered, the replaceable rules contained in the Corporations Act 2001 (Cth) may be adopted or a constitution specially prepared to govern the operations of the company A shareholder agreement may also be used which creates a private contract […]
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Five Steps to Buying an Existing Business
There are several reasons why you might choose to buy an existing business rather than start your own. You can take advantage of an existing customer base and goodwill, take on experienced staff and step into a defined role. It can also be easier to get finance for an existing business since banks regard them […]
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Succession Planning: If you retire, become incapacitated or even die, who will carry on your business?
Many small business owners overlook the importance of succession planning, but it is vital if you want to preserve your hard work. Who will take over your business? Some of the more common scenarios that can arise when it comes to a business succession plan include: If you co-own your business, you may choose to […]
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Unfair Dismissal at the End of a Fixed Term Contract. What?
Fixed-term employment contracts are common in many workplaces. Understandably, most employers consider they would be protected from an unfair dismissal claim once the term ends. However, in Saeid Khayam v Navitas English Pty Ltd t/a Navitas English (‘Navitas’) [2017] FWCFB 5162 the Full Bench of the Fair Work Commission found that an employee may have […]
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