Australia’s franchise industry is in good shape! There are currently more than 1,100 business format franchise systems bringing in $144 billion of revenue and contributing $65 billion to the Australian economy, with new entrants into the franchise sector coming predominantly from the retail sector.
IP audit is an important tool for understanding and valuing your IP assets
Last year we discussed the fact that intellectual property (IP) weaves through many aspects of your business and is an asset that is valuable and worth protecting.
It is not uncommon for businesses to overlook that their IP assets need to be audited, like regular stock taking.
A valuable investment to safeguard the longevity and success of any business with more than one owner.
We’ve seen it all too often before – some friends have a cracking business idea so they quit their day jobs to devote lots of time and effort into establishing a new, jointly owned business. They think up a catchy business name, create a fabulous website and have boxes of glossy marketing material at the ready. Their enthusiasm is at an all-time high and they’re all set to market the business and bring in the customers. But they have forgotten something.
There are several sources of the obligation to give notice on termination, so how do you work out how much notice has to be given?
The first place to look is the National Employment Standards in the Fair Work Act 2007 (Cth). The NES set out minimum notice periods that apply to all employees. The following notice periods apply:
The answer to this question is a resounding yes!
When we call a plumber, the plumber does not tell us how long it takes them to commute, the petrol they will use or the time they may spend at our house. The plumber just gives us a price (admittedly, these days it is likely to be a pretty steep price).
The globalisation of business operations and an unprecedented focus by governments around the world to address bribery and corruption means that it is now essential that companies redouble their efforts to manage associated risk.
Australian businesses, especially those operating internationally, can now be subject not only to Australian anti-bribery laws, but also to the laws of other countries including the US and UK. The consequences of breaching anti-bribery regulations include significant civil and criminal penalties, possible jail for executives and loss of business and personal reputation.
Pitfalls of Obligation to Note Other Parties’ Interests on Your Liability Policy: a Recent NSW Court of Appeal Decision
The recent NSW Court of Appeal decision in GIO General Limited v Centennial Newstan Pty Ltd is a powerful reminder of the breadth of a typical obligation found in many contracts requiring one party to extend its public liability insurance to cover the other party.
What can you do when an employee leaves and starts competing with your business? Following is a brief overview of some of the most common questions we hear and what you need to know to help protect your business….
Many businesses face a difficult dilemma of whether or not to pursue a debt. To pursue debts by a traditional civil proceeding (usually in the local or district court) can be a slow and expensive process.
An alternative approach is to make a so-called “statutory demand” under section 459E of the Corporations Act.
Almost every contract contains a GST clause. These clauses have an important function in a contract since they allow, among other things, a supplier to recover GST from its customer (remembering that it is the supplier who must remit GST on the transaction to the Australian Taxation Office). Despite their importance these clauses are often poorly drafted, and the parties – and in some cases even their lawyers – give little thought as to whether the wording of the clause appropriately protects the party’s GST position.