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.

Laurel Star Pty Ltd v Babcock & Ors concerned the sale of a rent roll in real estate. Babstock sold a letting business and appointments by property owners to Laurel Star. This case highlights the importance of interpreting commercial contracts and careful consideration of appointment and assignment clauses.

Not seeking legal advice when entering into Commercial and Retail Leases can potentially give rise to disputes, when either party is not fully aware of their rights and obligations under the lease terms.

If you're a business looking for the perfect space to run your retail shop, or perhaps a property owner keen to generate income by leasing your space to a retailer, then you'll need to enter into a retail lease. The legislation that deals with retail leases varies from state to state, so it's important to get the right information before signing any contract.

You've got an idea for a new Business. That's great! Whether you are opening a quirky cafe, planning to make your mark as a fine arts retailer, or bring joy to others with a fresh and vibrant flower …