Financial Agreements – How can they benefit you and your family?
Financial Agreements are also commonly known as Binding Financial Agreements, Pre-Nuptials Agreements, Prenups and Post Nuptials Agreements. We call it the ‘Relationship Safety Net’. Here we share an example of a family that could have avoided a nasty set of circumstances involving not just their property, but the family business as well. If they had […]READ MORE
How to find the right lawyer in a Commercial Dispute case
If you or your business is facing litigation, either because another party is threatening it, or because you feel you have a right to take action, what do you do first and where do you seek help? It has been said that litigation is a contest in which the court is the umpire. It is […]READ MORE
Binding Financial Agreements. What are they? Do I need one?
A Binding Financial Agreement (“Financial Agreement or BFA”) allows married or defacto couples to agree in writing how their property would be distributed between them if they separate or if they have already separated. What are the benefits of a binding financial agreement? A BFA can: make clear what the initial and ongoing financial contributions […]READ MORE
Introduction to Intellectual Property for business
Intellectual property (“IP”) is a description of various types of legal rights (some of considerable value) created by someone inventing or creating something which has not been created or invented before and in most cases (excluding copyright) registering their creation or invention in accordance with registration facilities provided by laws which give the creator or […]READ MORE
Extension of the unfair contracts regime to small businesses
The Federal Government has enacted legislation extending the unfair contract term protections of the Competition and Consumer Act 2010 (Cth) and the Australian Securities and Investments Commission Act 2001 (Cth) to the small business sector. Under the new laws, a Court is able to declare that a term of a standard form small business contract […]READ MORE
Amending trust deeds – It’s trickier than it looks
Since family trusts first became used in the 1970’s and 1980’s accountants and lawyers have historically made all sorts of amendments to trust deeds eg: expanding trustees powers to keep lending banks happy; changing trustees, appointors and guardians; or adding or excluding beneficiaries in reliance upon a clause in the trust deed saying “the trusts […]READ MORE