What we wish you knew before your first partnership
Starting a business with a partner is exciting, but it’s important to protect your future from day one. Discover why choosing the right business structure and putting the right legal agreements in place can help avoid costly disputes later.
The pitfalls of business breakups and how to avoid them
Our OFRM lawyers Business Law team frequently work with clients ending a business relationship. Sometimes this can be planned, such as a retirement, but more likely it is unplanned and unexpected – at least for one side! Either way, there are common factors that arise, which could be avoided.Issue 1: Nothing documented for how to end […]
Selling your business with vendor finance; a big no no
Vendor finance is a fancy term for ‘when you sell your business, you act as the bank’.Sometimes my clients, in the intensity and excitement of finding a buyer for their business, don’t think about the potential issues that can arise with vendor finance. The solution that parties often come up with seems to solve everyone’s […]
Signed, sealed, not delivered: When contracts can be broken on unfair terms
Did you know that even if you sign a contract, parts of it can be struck out for being unfair?As of November 2023, changes to the Australian Consumer Law now prohibit businesses from proposing, using, or relying on unfair contract terms in standard form contracts with consumers and small businesses.The changes will allow Courts to […]