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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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Beware: Informal lease negotiations can create binding agreements
Beware: Informal lease negotiations can create binding agreements An email can be enough to lock you into an agreeement – even without a formal contract being signed. A lease is a legally binding contract that gives you certain rights to a property for a set term. A written commercial lease is used when leasing property […]
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The benefits of mediation in a commercial dispute
The benefits of mediation in a commercial dispute Lawyers are often stereotyped as being interested in prolonging an expensive Court action. More often the opposite is true. Lawyers know that Court cases are expensive and that clients are fearful that legal costs could escalate to an intolerable level. Lawyers interested in preserving long standing relationships […]
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A guide to buying commercial premises
A guide to buying commercial premises Buying a commercial property (such as a warehouse, office building or retail space) is more complicated than buying a residential property. There are complex contract terms, detailed planning information and additional legal and commercial implications if the premises are leased. In this article we set out some of the […]
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