Lord Commercial Lawyers

Before entering into an employment contract, it's vital to ensure it covers all the necessary terms to protect both employer and employee.

A well-structured contract should address key elements such as remuneration, termination conditions, and specific employment conditions, while also considering statutory provisions and awards.

Read on to learn what should be included in every employment contract and why both parties should seek legal advice before finalising any agreement.

Ensure your employment contracts are up to date and comprehensive. For expert legal review, contact Lord Commercial Lawyers at [email protected] or call (03) 9600 0162.

Does your employment contract measure up? - Lord Commercial Lawyers If you are entering into an employment contract do you know what should be included? If you are an employer and using an old contract, should it be reviewed first? It is clear contracts should be individually structured to meet the needs of those involved and in reality both employer and employee sh...

In the early stages of negotiating the sale of your business, ensuring the confidentiality of your sensitive information is crucial.

A confidentiality agreement, or non-disclosure agreement (NDA), protects your business by preventing the potential buyer from sharing your private information with unauthorized parties.

Keep reading to explore the necessity of confidentiality agreements, what they should include, and the consequences of breaching them.

Learn how to safeguard your business during a sale. For expert legal advice, contact Lord Commercial Lawyers at [email protected] or call (03) 9600 0162

Keeping Sensitive Information Safe in Business Negotiations: Confidentiality Agreements and Non-Disclosure Agreements - Lord Commercial Lawyers In the early stages of negotiating the sale of your business it is important to enter into a confidentiality agreement with a potential buyer

Purchasing a business is a major investment that requires careful planning.

Our latest article discusses why engaging a lawyer is essential for a smooth and legally sound business acquisition. We cover key areas such as due diligence, contract negotiations, and regulatory compliance.

Discover how a lawyer can help you navigate the complexities of buying a business and ensure your interests are protected.

Do I Need a Lawyer to Purchase a Business? - Lord Commercial Lawyers Purchasing a business is a significant and thrilling journey, but it’s also one of the most substantial investments you’ll make. Doing it right involves careful consideration, and getting it wrong can have significant financial consequences. When buying a business, key question is: “Do I need ...

In the complex world of commercial disputes, where business relationships and reputations are on the line, the advantages of mediation cannot be overstated.

Mediation offers a valuable alternative to litigation, allowing parties to resolve conflicts in a more controlled and private setting. It provides a platform for open dialogue, enabling parties to express their perspectives and work towards mutually beneficial solutions.

Keep reading to explore the benefits of mediation, including its cost-effectiveness, flexibility, and potential to preserve business relationships. We'll also discuss when mediation may not be suitable and the considerations involved in choosing a mediator.

For further guidance or personalized legal advice, reach out to Lord Commercial Lawyers at [email protected] or call (03) 9600 0162.

The benefits of mediation in a commercial dispute - Lord Commercial Lawyers Lawyers are often stereotyped as being interested in prolonging an expensive Court action. More often this is untrue. Lawyers know that Court cases are expensive and that clients are fearful that legal costs could escalate to an intolerable level. Lawyers interested in preserving long standing relat...

In today's digital age, where social media platforms like Facebook, Instagram, Snapchat, and Twitter dominate communication, the risk of online defamation has significantly increased.

One crucial aspect often overlooked is the potential for cyber-bullying and defamation, making it essential to understand the legal implications of your online posts.

Keep reading to delve into the complexities of online defamation, outlining what constitutes defamation, the necessary elements for a defamation claim, and the potential defences.

Learn how to protect yourself and others from the legal repercussions of harmful online communication.

Should you have any questions or need personalised advice, contact Lord Commercial Lawyers at [email protected] or call (03) 9600 0162.

https://www.lordlaw.com.au/online-defamation-in-the-digital-age-a-cautionary-tale/

Online defamation in the digital age – a cautionary tale - Lord Commercial Lawyers The widespread use of social media has significantly redefined modes of communication. In this ‘digital age’, characterised by platforms such as Facebook, Instagram, Snapchat and Twitter, it is possible for the average person to reach many more people than was previously possible. One downside o...

In today's business landscape, selecting and registering a business name is a fundamental step that holds significant legal importance.

One crucial aspect often overlooked is the difference between trading names, domain names, and trademarks, and how each plays a role in protecting your brand.

Our latest article delves into the essential steps for registering a business name in Australia, covering everything from availability checks to understanding trademark implications.

Learn how to navigate the process, ensure compliance, and safeguard your business identity.

Should you have any questions or need personalised advice on registering your business name, contact Lord Commercial Lawyers at [email protected] or call (03) 9600 0162.

https://www.lordlaw.com.au/whats-in-a-name-registering-business-names-in-australia/

What's In A Name? Registering Business Names In Australia - Lord Commercial Lawyers There are a few key matters and consideration to take into place before you start a new business - one of them is ensuring your business name is available.

In today's digital age, where safeguarding digital assets is critical, the importance of planning your electronic after-life cannot be overstated.

The sudden death of Gerald Cotton in 2018, CEO of Quadriga CX, threw this issue into sharp relief. At just 30, Mr. Cotton's passing left $200 million in inaccessible cryptocurrency, highlighting the chaos that ensues when digital assets aren't included in an estate plan.

Our latest article delves into the lessons from the Quadriga saga, emphasizing why it's crucial to include digital assets in your estate planning. From securing cryptocurrencies to managing online accounts, we cover the steps necessary to protect your digital legacy.

Learn how to ensure your digital assets are managed appropriately after you're gone and prevent potential headaches for your loved ones.

Should you have any questions or need personalised advice, contact Lord Commercial Lawyers at [email protected] or call (03) 9600 0162.

Digital assets – estate planning essentials - Lord Commercial Lawyers The death (or purported death) of Gerald Cotton, former Chief Executive Officer of Canadian cryptocurrency exchange company, Quadriga CX, emphasises the importance of planning your electronic after-life. Mr Cotton’s death in India at the age of 30, has not only raised suspicion as to its authentic...

In today's digital age, where an online presence is paramount for businesses of all sizes, the question of legal compliance looms large.

One crucial aspect often overlooked is the necessity of a robust Terms and Conditions clause on your website. Whether you're a start-up, or an experienced e-commerce business, understanding the significance of this clause is imperative.

Our latest article dives into why having extensive Terms and Conditions are vital for your website, covering everything from intellectual property protection to user behaviour guidelines.

Learn how to create clear, legally binding terms that protect your operations online and comply with Australian Consumer Law.

Should you have any questions or need personalised advice on crafting Terms and Conditions for your website, contact Lord Commercial Lawyers at [email protected] or call (03) 9600 0162.

https://www.lordlaw.com.au/do-i-need-a-terms-and-conditions-clause-on-my-website/

Do I Need a Terms and Conditions Clause on My Website? Do I Need Terms and Conditions Clause on My Website? Yes you do. We explore the legal requirements as well as how to create website Ts and Cs.

Thinking about purchasing a business?

Conducting a thorough due diligence check is essential.

This process involves reviewing the business structure, operations, and background to make an informed decision.

Due diligence should be conducted once an in-principle agreement is reached and before signing the sale contract. Key aspects to check include the current state of the business, liabilities, financial health, and terms of the sale agreement.

For detailed guidelines, check out our article on conducting a due diligence check. For more information, contact us at [email protected] or call (03) 9600 0162.

Why should I conduct a due diligence check before purchasing a business? - Lord Commercial Lawyers If you are considering purchasing a business, it is essential that you complete a due diligence check. Due diligence is the process of conducting a thorough review of business structure, operations and background to help you to make an informed decision on whether the business is suitable for you. F...

Unfair dismissal can be a tough issue for both employers and employees.

Since the Fair Work Act 2009, employers have more responsibilities when letting employees go.

If they don't follow the proper steps, employees can make successful unfair dismissal claims should their dismissal be harsh, unjust, or unreasonable.

Issues can include the type of employment, time limits for claims, and even situations where an employee feels forced to resign due to employer conduct (known as constructive dismissal).

Terminating an employee is stressful, so it's important to handle it fairly and correctly.

Need help or advice? Call Lord Commercial Lawyers at (03) 9600 0162 or email [email protected].”

Understanding Unfair Dismissal Claims - Lord Commercial Lawyers Unfair dismissal matters can be complex and frustrating for both employers and employees alike. Since the commencement of the Fair Work Act 2009 (“the Act”) employers have had expanded responsibilities to ensure they correctly terminate employees and if not employees are able to successfully mak...

Starting a business?

It's crucial to get your commercial contracts right from the beginning to avoid costly mistakes and legal headaches.

Simple errors in DIY contracts or templates, or even slight ambiguities, can make a contract unenforceable or invalid.

Ensure your business is protected by learning the essential guidelines for drafting enforceable commercial contracts.

For more information, feel free to email us at [email protected] or call (03) 9600 0162.

https://www.lordlaw.com.au/commercial-contract-requirements/

Commercial Contract Requirements | Specific Elements of Valid Contracts Commercial contract requirements. Here are the essential elements for contracts to be valid and legally enforceable. Know before you sign.

Planning for the future is essential for any business.

Whether you’re developing a new business or managing a current one, you might not be thinking about the time when you won’t be running it anymore.

However, business succession planning is crucial for long-term success.

Our latest article highlights the importance of creating and implementing a succession plan to ensure a smooth transfer of ownership when the time comes.

Discover key strategies for a seamless ownership transition, protecting your business's value, and ensuring employee stability.

Many business owners delay or inadequately plan for succession, leading to significant challenges. Learn how to develop a comprehensive succession plan to secure your business's future.

For more information, email us at [email protected] or call (03) 9600 0162.

Why Every Business Owner Needs a Succession Plan - Lord Commercial Lawyers Whether you’re developing a new business or focusing on running a current one, you likely aren’t thinking about the time when you may not be running it anymore. However, business succession planning is a critical aspect of long-term business success. It primarily involves creating a plan and imp...

Thinking about buying a business? Here’s why professional guidance matters.

Buying a business involves critical steps from legal, financial, and business perspectives. Without expert advice, you risk missing key details, facing unexpected liabilities, and dealing with complicated legal issues.

At Lord Commercial Lawyers, we provide the professional expertise needed to navigate this complex process. From conducting thorough research to reviewing important documents and structuring the transaction correctly, we ensure your investment is secure and informed.

Learn more about important considerations when buying a business in our latest article. Email [email protected] or call (03) 9600 0162 for more information.

https://www.lordlaw.com.au/important-things-to-consider-when-buying-a-business-2/

Important things to consider when buying a business - Lord Commercial Lawyers If you are considering buying a business there are many things you need to do from a legal, financial and general business perspective. Getting the right advice from the start is important. The structure of and issues involved in the purchase are quite different if you are buying the business assets...

Starting a new business is an exciting opportunity, but requires careful attention to several key steps.

From selecting your business name and obtaining an ABN, to ensuring compliance with all legal requirements, there's a lot to consider.

Understanding the distinctions between trading names, domain names, and trademarks is crucial. This ensures your brand is protected, legal issues are avoided, and you have exclusive rights to your business name.

For further information about how you can protect your business’ identity, call Lord Commercial Lawyers at (03) 9600 0162 or email [email protected].

What's In A Name? Registering Business Names In Australia - Lord Commercial Lawyers There are a few key matters and consideration to take into place before you start a new business - one of them is ensuring your business name is available.

Starting a new business is thrilling and rewarding, but preparing to do so can be hectic.

From registering the business and obtaining permits, to hiring employees and securing a location, there's a lot to consider.

Equally important is protecting your intellectual property (IP).

Ensuring you own and control your IP assets early on is crucial for registering your business, avoiding copyright issues, and developing an exit strategy. This helps your start-up maintain and grow its value.

For further information about how you can protect your intellectual property, call Lord Commercial Lawyers at (03) 9600 0162 or email [email protected].

Intellectual Property Protection for Startups - Lord Commercial Lawyers When IP is being created employees or contractors must specifically acknowledge that ownership of intellectual property is with the business

Drafting a Will? Here’s why legal expertise matters.

A Will is crucial for directing the management of your assets after you pass away. Drafting a Will without legal help can lead to serious complications, including invalid Wills and potential family disputes.

As Wills and Estate solicitors, Lord Commercial Lawyers provides not only legal expertise, but also support during this sensitive process, ensuring your wishes are clearly and effectively recorded.

Learn more about the importance of legal guidance in our latest article.

Do I Need a Lawyer to Make a Will? | Advantages of Having Will Written by Lawyer Do I Need a Lawyer to Make a Will? This is a question which people ask when considering creating a Will. The advantages of having a lawyer write your will are many. Read on to learn more!

Are you starting a business with a partner?

If so, don't overlook the importance of a co-owners agreement. From defining roles to handling disputes, it's your roadmap for success.

Learn why having a co-owners agreement is crucial, the risks of going without one, and must-have terms in our latest article.

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Do I Need a Shareholders' Agreement for My Business? - Lord Commercial Lawyers Lord Commercial Lawyers can assist you in figuring out whether you need a shareholders' agreement for your business.

An employer’s potential liability for workplace discrimination arises before the first interview and exists whether or not a decision is made to hire a person.

Naturally, both parties want to find the ‘right fit’, however, don’t make the mistake of finding that right person in the wrong manner.

It is imperative to learn about the questions that could pose legal risks, including how to conduct interviews that align with both your organizational needs and compliance standards.

Click below to explore essential guidelines for employers to avoid potential discrimination and ensure a fair hiring process.

Interview questions you can’t ask - Lord Commercial Lawyers An employer’s potential liability for workplace discrimination arises before the first interview and exists whether or not a decision is made to hire a person. A job interview is integral to the recruitment process and provides an opportunity for the employer to ask questions, check credentials an...

In the face of rising housing affordability challenges, many young Australians turn to their parents for financial help to enter the property market.

But what happens when these well-intentioned financial aids lead to legal complexities, especially in the event of a relationship breakdown?

Click below to delve into the legal implications of parental financial assistance, distinguishing between loans and gifts, and their impact on property settlements.

Giving money to your Child, Was it a loan or a gift? - Big difference! - Lord Commercial Lawyers Housing affordability is a big issue for young Australians. When discussing that issue once, a former Prime Minister infamously remarked that the solution was for parents to “shell out” to help their children buy a home. For those lucky enough to have parents able to assist them financially in a...

Are you in the process of hiring?

Signing an employment contract is crucial, and understanding what should be included is essential for both parties. Click below to explore the critical elements of an employment contract, ensuring it is practical, legally sound and protective of the interests of both the employer and the employee.

For further information about Employment Law, contact Lord Commercial Lawyers today at (03) 9600 0162 or email [email protected]

https://www.lordlaw.com.au/crafting-a-comprehensive-employment-contract/

Crafting a Comprehensive Employment Contract - Lord Commercial Lawyers Are you an employer in the process of hiring new staff members? Signing an employment contract is crucial, and understanding what should be included is essential for both parties. This guide will explore the critical elements of an employment contract, ensuring it is practical, legally sound and pro...

From all of us at Lord Commercial Lawyers, we're sending warm wishes for a safe and joyful Easter!

Please note that our office will be closed from March 29th and reopen April 2nd.

From a legal standpoint, the initial signing of a commercial lease sets the terms and conditions governing the tenancy and option periods.

Nonetheless, on the exercise of an option tenants always have the commercial right to negotiate amendments to certain terms, with the aim of aligning the lease more closely with their business interests.

For further information about Commercial Leasing, contact Lord Commercial Lawyers today at (03) 9600 0162 or email [email protected]

Commercial Lease Renewal | Options for Renewing Commercial Leases Commercial lease renewal options provide an opportunity for landlords and tenants to review rent and conditions. Our lawyers help with lease renwal options.

Prior to finalizing your business purchase, it's imperative to determine its alignment with your objectives and the overall viability of the business.

This is where due diligence comes in– a standard procedure aimed at scrutinizing various facets of the business. This includes assessing its performance, financial health, legal standing, and existing contracts, allowing you to determine whether the business is a right fit for you.

For further information about buying a business, contact Lord Commercial Lawyers today at (03) 9600 0162 or email [email protected].

https://www.lordlaw.com.au/how-should-i-conduct-a-due-diligence-check-before-purchasing-a-business/

How Should I Conduct A Due Diligence Check Before Purchasing A Business? - Lord Commercial Lawyers When purchasing a business, it is essential to ensure that the business is suitable for your needs, and that the company has commercial viability. In this way, it is standard practice to conduct a due diligence check. When you conduct due diligence, you will be reviewing the company’s performance,...

In today’s business landscape, safeguarding sensitive information is paramount for success. One indispensable legal tool for ensuring confidentiality in various business dealings is the Confidentiality Agreement, also known as a Non-Disclosure Agreement (NDA).

This comprehensive guide will explain the intricacies of NDAs, their significance, legal implications, and the process of creating an NDA.

For further information about Non Disclosure Agreements, contact Lord Commercial Lawyers today at (03) 9600 0162 or email [email protected].

A Guide to Non-Disclosure Agreements - Lord Commercial Lawyers In today’s dynamic business landscape, safeguarding sensitive information is paramount for sustainable success. One indispensable legal tool for ensuring confidentiality in various business dealings is the Confidentiality Agreement, also known as a Non-Disclosure Agreement (NDA). This comprehensiv...

An essential element of intellectual property protection is copyright, which provides creators, including artists and writers, with legal ownership of the work they produce.

The general rule is that the author or creator of a work is the owner of copyright. However, there are exceptions to this rule. Click the link below to learn more about your rights and how to safeguard your work in the digital age.

For further information about protecting your intellectual property, contact Lord Commercial Lawyers today at (03) 9600 0162 or email [email protected].

https://www.lordlaw.com.au/protecting-your-intellectual-property-copyright-essentials/

Protecting your Intellectual Property - copyright essentials - Lord Commercial Lawyers Copyright provides creators like artists and writers with legal ownership of the work they produce. This means they have some control over the work they create and allows them to make a living from their efforts. In this way, copyright provides an incentive to encourage the production of new works a...

As of February this year, new law has passed introducing a statutory right for employees to disconnect outside of work hours, including the right to refuse monitoring, reading, or responding to employer contacts outside their regular working hours.

If you’re a business owner or employee, including contractors, keep reading to learn about how the Fair Work Legislation Amendment (Closing Loopholes No. 2) Bill 2023 may impact you.

For further information on how this law operates, contact Lord Commercial Lawyers today at (03) 9600 0162 or email [email protected].

https://www.lordlaw.com.au/the-right-to-disconnect-a-new-dimension-in-employee-rights/

The Right to Disconnect: A New Dimension in Employee Rights - Lord Commercial Lawyers In February 2024, the House of Representatives passed the Fair Work Legislation Amendment (Closing Loopholes No. 2) Bill 2023 (“Bill”). Notably, this Bill introduces a statutory right for employees to disconnect outside of work hours and underpins the issue of underpayment. The new Bill grants e...

For an increasing number of individuals with complex affairs, the question of how to approach long term estate planning is becoming an important issue.

More specifically, what is likely to be the best way to transfer and preserve wealth for successive generations of family? A testamentary trust will help you exercise a greater degree of control over these distributions.

To learn more about estate planning and testamentary trusts, call Lord Commercial Lawyers today on (03) 9600 0162 or email [email protected].

Estate Planning & Testamentary Trusts - Lord Commercial Lawyers For an increasing number of high net worth individuals with complex professional and personal affairs, the question of how best to approach long term estate planning and in particular, what is likely to be the best way to both transfer and preserve wealth for the benefit of successive generations of...

Are you buying a business?

Embarking on the journey of buying a business is an exhilarating endeavour, yet one that demands meticulous consideration. As you contemplate this significant financial decision, we understand the importance of being well-informed.

That's why we've prepared an article titled "What Should I Know Before Buying a Business in 2024?" to guide you through this complex process.

To learn more about buying a business, call Lord Commercial Lawyers today on (03) 9600 0162 or email [email protected].

What Should I Know Before Buying a Business in 2024? - Lord Commercial Lawyers Introduction Buying a business is an exciting prospect. However, it is also a significant financial decision that requires careful consideration. There are many issues to be investigated and advised upon to ensure the purchase of your new business is legally sound and your interests are properly pro...

Protecting your intellectual property is vital to ensuring your business remains unique and distinguishable in ever evolving business markets.

Whether it be property of your mind or proprietary knowledge, an invention, trade mark, design or the practical application of your idea, intellectual property is a key factor to ensuring your business stands out.

To learn more about how you could be protecting your intellectual property, call Lord Commercial Lawyers today on (03) 9600 0162 or email [email protected].

Intellectual Property for business - Lord Commercial Lawyers Intellectual property (IP) is the property of your mind or proprietary knowledge and can be an invention, a trade mark, a design or the practical application of your idea. It is important that you understand how to protect IP as it is a valuable business asset and it will usually be easier and cheap...