Business Tips

Do

• have all your Partnership Agreements; Shareholder or Unitholders Agreement in writing prepared by business lawyers in Melbourne. If it is not written it is not done.
• have a business Succession Plan between business partners in place including financing of retirement, death or disability
• review your Will regularly to meet your changing circumstances.
• register all intellectual property rights including trademarks, designs and patents.
• quarantine your family assets from your business assets in the event of worst case scenarios.

Do Not

• rely on verbal agreements between participants in a business as common understanding goes out the window in a dispute and to the grave on death.
• enter into any legal document without it being reviewed by a Lawyer prior to executing them.
• provide guarantees for other parties without first obtaining independent legal advice.
• deal with companies by providing goods or services without obtaining personal guarantees from the Directors of the company.
• rely on verbal orders always obtain confirmation in writing on your standard terms and conditions prior to fulfilling any order.