Commercial Law
Vendor finance: buy and sell without the bank
There are situations in which a bank loan is not a possibility when purchasing a business, property or other asset. This may occur because the buyer is unable or unwilling to secure a bank loan for the requested purchase price. However, the seller may be eager to sell their asset and be willing to come…
Read MoreUndocumented loans between friends and family
Undocumented loans between friends and family It is very common to advance money to a friend or family member for a business or personal expense where they are in financial need. These loans are often verbal without a specified date for repayment. Employers may also lend a sum of money to an employee or other…
Read MoreFacility Management Arrangements – A new way to deal with “Contractors”
Facility Management Arrangements may well be a new way for dealing with “contractors” for those in health and allied health sectors. Those who own businesses in the fields of: Doctors, dentists, chiropractors, speech pathology, physiotherapy, optometry; audiology; occupational therapy should take note of the potential to utilise facility management arrangements. Employees are entitled to the…
Read MoreGetting out of an Employsure contract
Employsure have taken the business world by storm providing workplace relations support to business owners and employers using a marketing and sales process that is quite compelling and disrupting the HR space to a large extent. However the experience of some of our clients has found a gap between expectations and the practical realties of…
Read MoreProperty Co-Owner Disputes: Forcing A Sale Of The Property
Disputes between Co-owners of property are not uncommon. Most of us have at least known someone who has encountered problems with co-owned property. Take the following archetypical example: The last survivor of your parents have passed away leaving the family home or a cherished holiday house to you and your siblings. For the first few…
Read MorePersonal Liability for Company Directors: When Things Go Wrong
Personal asset protection is often touted as a major benefit of operating through a company rather than as a sole trader or in a traditional partnership. Despite this, there are a significant and growing number of liabilities and obligations for which a director can be personally liable. Whether you are the sole director and shareholder…
Read MoreSale and Purchase of Business: Equity versus Asset Sales
Are you looking to buy a business, or have you signed a contract already? If so, there are key risks and advantages about the structure of the transaction that need to be understood before looking at the detail. There are many reasons to buy a business. Perhaps you are new business owner and want to…
Read MoreIpso Facto Reform: ‘A breath of fresh air’ for distressed Companies; and a major change to Contract Law. Are you prepared?
Ipso facto provisions are a common staple found in almost every commercial Contract one can think of but, starting from 1 July 2018, there will be new laws which
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