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Commercial Leasing Agreements – The Ultimate Guide for Business Owners
As a business owner, you might need to sign a commercial lease agreement to secure a location for your business activities. Understanding the lease agreements is crucial for any business owner looking to expand or establish a new location, particularly in competitive markets. It’s also important to understand the Retail Leases Act, which provides essential […]
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What Makes a Good Partnership or Shareholder Agreement?
Have you ever wondered why some business partnerships thrive while others falter? Often, the difference lies in the foundation set by their partnership or shareholder agreements. At City Pacific Lawyers, we know that the most successful businesses are backed by agreements that clearly outline each partner’s roles and expectations. Let’s explore the key elements that […]
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Strategies to Avoid Commercial Contract Disputes
Preventing contract disputes is crucial for maintaining smooth operations, preserving relationships, and conserving business resources. At City Pacific Lawyers, we advocate proactive measures to sidestep potential legal conflicts. Let’s explore effective strategies to prevent common commercial contract disputes. Clear and Concise Contract Language Ambiguities in contract language can be a ticking time bomb, leading to […]
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Legal Considerations When Buying Commercial Property in Melbourne, Victoria
If you’re a business owner or a property investor in Victoria looking to invest in commercial property, there are several key legal considerations you need to be aware of first. Navigating the legal landscape can be complex, but understanding these elements is crucial to ensure a smooth transaction and to protect your investment. Here’s a […]
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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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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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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 limited partnerships. Before entering into a joint venture or partnership arrangement, it is essential […]
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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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Important update for financially distressed businesses and their creditors – Statutory Demands
Important update for financially distressed businesses and their creditors – Statutory Demands At the outset of the pandemic in March 2020, the Australian Federal Government passed a Coronavirus Economic Response Package which included temporary measures to alleviate some of the financial hardship faced by many businesses and provide some safeguards to help them survive and […]
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