Buying an existing business can be an exciting opportunity. Rather than starting from the beginning, you may be acquiring an established customer base, existing revenue, trained employees, business systems, equipment, intellectual property and a recognised position in the market. However, buying a business also involves significant financial and legal commitments. What appears to be a…
Guarantees are common in commercial transactions. They may be requested when entering a commercial lease, obtaining finance, opening a supplier account, purchasing a business or entering another significant commercial arrangement. While signing a guarantee can sometimes appear to be a routine part of completing a transaction, the consequences can be significant. A guarantee is designed…
Commercial disputes are an unfortunate reality of doing business. A disagreement can arise over an unpaid invoice, the interpretation of a contract, the quality of goods or services, a commercial lease, a partnership arrangement, a business transaction or countless other issues. When a dispute develops, going to court is not always the first or best…
Selling a business can be one of the most significant commercial transactions a business owner undertakes. Whether you’ve spent years building the business or are preparing to move on to your next venture, a successful sale involves much more than agreeing on a purchase price. Contracts, employees, commercial leases, intellectual property, warranties, restraints, licences and…
Contracts are part of almost every business relationship. Whether you’re dealing with customers, suppliers, contractors, employees, business partners or service providers, the agreements you put in place can determine your rights, responsibilities and options if something goes wrong. For many businesses, however, contracts receive attention only after a problem arises. An agreement may have been…
Signing a commercial lease is a significant commitment for any business. Whether you’re opening your first premises, relocating an established business or expanding into an additional location, the terms of your lease can affect your costs, operations and flexibility for years to come. Unlike many everyday contracts, commercial leases can involve substantial financial obligations and…
