A Partnership Agreement is a contract between all the partners in a business and outlines each partner’s duties and responsibilities, governs important matters that arise from the business, procedures for making business decisions and how to resolve disputes amongst...
It is common in commercial contracts to apportion risk among the parties. One way parties achieve this is through exclusion clauses. Exclusion clauses might address liability for contractual breaches as well as other types of liability, such as negligence. There are...
Company directors have a legal obligation to avoid conflicts of interest. Identifying and managing potential conflicts is essential for all company directors. When a conflict exists, a company director should seek professional advice from an experienced legal advisor....
A drag along tag along shareholder agreement is an essential part of structuring a company’s ownership and protecting shareholders’ interests. These provisions help define the rights and obligations of both majority and minority shareholders, especially when shares...
Contracts are a common tool used throughout our lives to create legal relationships between parties to define what actions people will take. If you have entered a contract with another party, you are obligated to abide by the terms and conditions of the contract. Any...
Family businesses are the backbone of Australia’s economy, contributing over 70% of the nation’s GDP and employing a significant portion of the workforce. However, their long-term success can be fragile, with only a fraction operated by the third...
