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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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City Pacific Lawyers Celebrates 30 Years of Delivering Exceptional Legal Services
It’s hard to believe that it’s been nearly three decades since City Pacific Lawyers of Brighton East, Victoria opened its doors. From humble beginnings, City Pacific Lawyers has grown to become a flourishing business, and we are proud to be celebrating 30 years in business in 2023. At City Pacific Lawyers, we are committed to […]
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Buy Smarter, Not Harder: Top 3 Considerations for Buying Property with Someone
Buying a property with someone else is a great way to share the fun, stress, and cost of the venture. Often people buy a house with their significant other, to make a home or invest together. Others buy property with friends, relatives or business partners. Joining forces with someone else can increase your borrowing power, […]
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Secure Your Legacy: The Importance of Mental Capacity in Will-Making
The importance of mental capacity in will-making cannot be overstated. Sadly, it’s all too common for family members to argue over the ‘state-of-mind’ of a loved one after they have passed away, leading to contested wills and bitter disputes. The mental capacity of a person can come into question due to aging or declining health, […]
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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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Making a digital estate plan and appointing a digital executor
Many people put off making a Will. Add the intricacies of technology and having to consider what happens to our digital life after we die, and it’s easy to understand how one might feel completely overwhelmed. However, as most of us continue to expand our online presence and accumulate a range of online accounts and […]
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Understanding Planning Permits – Victoria
In Victoria, local councils are responsible for issuing planning permits which are typically regulated by planning schemes. If you are unsure as to whether you need a planning permit for a project, you should contact your local council or engage a planning professional to determine whether you require a planning permit for your development. What […]
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What is Probate Administration and How Does It Work?
What is Probate Administration and How Does It Work? After someone dies, there is a legal process to validate their will and determine who receives the assets of the deceased person’s estate. The probate process involves the court appointing a representative for the deceased person to gather the deceased person’s assets, pay debts (including taxes) […]
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The risks in referring to unattached documents in a legal agreement
It is not unheard of for parties to an agreement to refer, in the agreement itself, to additional documents. These additional documents are sometimes, although regrettably, not always annexed or attached to the actual agreement. In adopting this course of action, the parties may be endeavouring to streamline or simplify the body of the primary […]
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Power of Attorney Abuse
A Power of Attorney is a legal document authorising a person to act for you and make binding decisions on your behalf. A Power of Attorney is usually prepared: 1. to facilitate and complete transactions when you are unavailable to do so (for example, whilst travelling); 2. to get help with essential activities such as […]
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