NEWS + BLOG
What Is the Penalty for Breaking a Commercial Lease?
Learn common reasons businesses may need to break a lease, the financial and non-financial consequences involved, and strategies for mitigating penalties through negotiation and expert advice.
10 Things New Entrepreneurs Should Know When Considering a Startup
Building a company from the ground up is undoubtedly exciting. But like any venture, it comes with financial and legal considerations that can significantly impact your team’s growth and success. Here are ten crucial things new entrepreneurs should know when considering a startup in Australia.
5 Reasons Mergers and Acquisitions Fail
Mergers and acquisitions are complex transactions that require stringent planning and execution. Despite the best intentions, many deals fall through due to various pitfalls. Understanding these common issues can help both buyers and sellers navigate the process more effectively. We explore key reasons why mergers and acquisitions fail.
The Legal Steps of Turning a Hobby into a Business
Whether you’re a seasoned artist or a self-taught maker, you must know that no specific dollar amount is required to operate a business in Australia. However, if you decide to turn your hobby into a business, there are several legal considerations you should keep in mind.
Tips for Successfully Purchasing Commercial Property
Navigate the complexities of purchasing commercial property with confidence. Discover key insights into reviewing and negotiating legal documents, empowering you to seize opportunities and avoid pitfalls. We can guide you through the process, ensuring clarity and confidence every step of the way.
The Legal Aspects of Buying an Online Business
Interested in buying an online business? This article will give you a good start in understanding the legal aspects involved in the acquisition process.
Keep These Legal Matters in Mind Before You Sublease a Commercial Space
Planning to sublease a commercial space to save on rent or generate extra income? Be sure to understand the legal aspects of entering into a sublease agreement.
E-Commerce Businesses: Secure Your Online Shop
Explore our comprehensive guide on securing your online shop in the dynamic world of e-commerce. From navigating consumer privacy and data protection laws to ensuring product safety and crafting robust contracts, our blog covers essential legal issues. Learn practical tips to mitigate risks and build a thriving e-commerce business. Contact Bradley and Bray for expert legal assistance tailored to your unique needs at (07) 5441-1400.
Can a Shareholders’ Agreement Be Amended?
If your company has more than one shareholder, you must consider drafting a shareholders’ agreement to protect your interests and those of your shareholders. While it is not required by law, it’s best practice to have it to outline the rights, responsibilities, and relationships of shareholders, directors & company board members. With this legally binding contract, potential disputes and conflicts among investors can be better handled. But as your company grows over time, another critical question will likely be raised: can a shareholders’ agreement be amended?
Can You Sell a Business with Pending Litigation?
If you are a business owner, selling a business with pending litigation may be complex. With appropriate disclosure, communication, planning, and legal guidance, it may be possible to sell a business with pending litigation.
Discover the types of common commercial litigation business owners may encounter, and your responsibilities when looking to exit during a claim.
Negotiating a Commercial Lease Renewal in QLD: Strategies for Tenants
Negotiating a commercial lease can feel like traversing undulating terrain — but the path to negotiating your commercial lease renewal doesn't need to be ridden with roadblocks or pitfalls. In fact, lease renewal time allows you to assess your position, stay ahead of the market, and potentially access a better deal to secure your business or company's operations for another half-decade or more.
What if I want to Secure a Lease Before the Property is Built?
Choosing the right location can make or break your business; but securing the right position can be a challenge. An increasingly popular solution is an agreement for lease.
Case Summary - Southport Memorial Club Inc v Returned and Services League of Australia (Queensland)
We explore a recent case which highlights the importance of understanding lease covenant nature, the legal implications of selling leased land, serving as a reminder of the complexities in property transactions and leases for both lessors and lessees.
Case Summary: Townsville Pharmacy and V Quattro
The Supreme Court of Queensland recently resolved a dispute between Townsville Pharmacy and V Quattro over the interpretation of a contract granting an option to purchase a business. The case examined the minds of a ‘reasonable business-person’ and whether the contract was enforceable. It highlights the importance of a clear and unambiguous contract, and the need for legal advice to ensure contracts are legally binding and enforceable.
Why Due Diligence Matters When Buying a Family Business
So, you’re considering acquiring a family-owned business? That’s an exciting prospect! But before you sign on the dotted line and embark on this new venture, it’s crucial to understand the pivotal role due diligence plays in the process. Here’s why due diligence is a non-negotiable step when buying a family business in Australia.
Changes to Unfair Contract Terms – Is Your Business Ready?
Is your business using standard documents to contract with customers and suppliers? If you answered yes, then you need to know about changes to Australia's Unfair Contract Terms (UCT).
I Want to Buy a Business – Do I Buy the Business, or the Company That Owns It?
Deciding whether to buy an established business or buy a company that owns an existing business can be a complex choice to make. In this article, we offer an analysis of the benefits and risks of each option, and a practical guide to help you navigate this important decision with clarity.
7 Legal Matters Small Businesses Need to Think About
Starting a small business is an exciting time, but it can also be overwhelming, especially when you’re dealing with different legal requirements. From employment contracts to insurance policies, there are several matters that can impact how you can operate efficiently and protect your business from potential legal issues
How Do I Deal with the Commercial Lease When I Sell or Buy a Business?
Selling or buying a business can be a thrilling experience, but it also involves many legal considerations. One of the most crucial aspects is dealing with the commercial lease agreement.
Trustees beware
As a trustee, you have a crucial obligation to act in good faith, responsibly, and reasonably. You must inform yourself of all relevant matters before making any decisions and seek professional advice when required. Failure to do so can result in serious consequences, such as being removed as a trustee or held personally liable for losses suffered by the trust or beneficiaries.