Many of the clients we encounter in our practice are small businesses, started by friends or family. Typically, the founders will set up a proprietary company in which they are each directors and shareholders. Usually, each person brings a different asset or skill set to the business – time, capital or expertise. In the beginning, …
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The Leases (Commercial and Retail) Act 2001 (ACT) (the Act) sets out some of the rights and responsibilities of tenants and lessors in relation to commercial and retail leases. The Act applies to almost all retail premises, to commercial premises less than 300m2 and to a number of other types of leases, including leases to …
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When buying or selling a business, it is critical that the parties to the transaction consider any lease in place for the premises from which the business trades. In selling the business, the seller is not automatically absolved of liability to the lessor under the lease. If the purchaser does not propose to continue to …
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Reebok, and the rest of the commercial work, has been reminded that if you are advertising your business or products, it is important to ensure that any claims made in relation to those products are truthful and can be proven. In a recent case brought by the Australian Competition and Consumer Commission in the Federal …
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