Business Articles
Business Purchase Checklist
July 30th, 2013 by | Business Sale & Purchase
Most people that find the right business want to sign the contract and settle as soon as possible. This approach can often lead to costly mistakes that could easily be avoided by going through a checklist and obtaining relevant advice. Before signing a contract to purchase a business, consideration should be given to: undertaking an… Read more »
Good Due Diligence Helps Avoid a Lemon
October 5th, 2012 by | Business Sale & Purchase, Commercial Transactions, Conveyancing, Franchises, Property & Leases
We may still be disappointed when a due diligence exercise reveals what a mistake the purchase of a particular property or business would have been. It can be difficult to overcome the excitement and anticipation of a new home, investment or business, even though your lawyer shows you that you may have just “dodged a… Read more »
Are Shareholder & Partnership Agreements Really Necessary?
October 5th, 2012 by | Business Sale & Purchase, Commercial Transactions, Franchises, Wills & Estate Planning
Starting a business can be an exciting and rewarding experience. It can also quickly become a nightmare (even if the business is successful). Often it is difficult for an individual to find the finance necessary to start a business and so people look for partners. A partner can also bring to the business skills and… Read more »
Restraints of Trade Too Wide and Too Long
October 5th, 2012 by | Business Sale & Purchase, Commercial Transactions, Court Disputes, Employment, Franchises
A fairy floss story: Whizzo had a fairy floss franchise. It sold its territory in SA and WA to Floyd. Under the franchise agreement, Floyd agreed not to compete with Whizzo after the end of the franchise period for 10 years anywhere in Australia. At the end of 5 years, Whizzo asked Floyd to renew… Read more »
