Mind your business (IP): The importance of guarding your intellectual property in supply relationships

Receiving an order from a new customer or distributor for your innovative product or service can be an exciting and rewarding event, particularly for SMEs trying to crack an interstate or overseas market. Oftentimes though, in the eagerness to cement this new supply channel, businesses can overlook the importance of setting ground rules when it [...]

2021-03-10T00:51:11+00:00March 10th, 2021|Business Advice, Contracts, Corporate Advisory, Intellectual Property|Comments Off on Mind your business (IP): The importance of guarding your intellectual property in supply relationships

Should I formally document my arrangements with suppliers? The (not so) obvious commercial advantages of Supply Agreements

Should we bother with a Supply Agreement? For a lawyer, the above question is akin to asking “should I tie my shoe laces?” but putting the legal ‘nerd alert’ to one side, there are many good commercial reasons why it is important to have a supply agreement in place. Whilst the list of benefits is [...]

2021-01-27T00:47:15+00:00January 27th, 2021|Business Advice, Contracts, Corporate Advisory|Comments Off on Should I formally document my arrangements with suppliers? The (not so) obvious commercial advantages of Supply Agreements

Amendments to Commercial Tenancy Relief Scheme gives Small Business Commission the power to make binding determinations

The new Regulations that extend (and amend) the Commercial Tenancy Relief Scheme in Victoria have now been passed and are in force. Apart from widely publicised amendments to the regulations and enabling legislation (such as an extension of the scheme until 31 December 2020) a rather extraordinary component of the amended regulations is the power [...]

2020-11-25T23:22:53+00:00September 29th, 2020|Business Advice, Property|Comments Off on Amendments to Commercial Tenancy Relief Scheme gives Small Business Commission the power to make binding determinations

Like buying a 1999 Saab convertible: The importance of understanding the commercial lease obligations when buying a bargain business

Like in other times of economic turmoil, bargain businesses are now increasingly on the market. However, just like buying an old car, sometimes the alluringly low upfront price of a business obscures the painful reality of extraordinary costs you’ll have to bear down the track. As commercial lawyers, we are often asked to assist to [...]

2020-09-13T22:37:52+00:00September 13th, 2020|Business Advice, Contracts, Corporate Advisory, Property|Comments Off on Like buying a 1999 Saab convertible: The importance of understanding the commercial lease obligations when buying a bargain business