So, you're crafting new business contracts. That's exciting — it means your business is growing. But before you dive in, consider this: should you hire a commercial lawyer? Here's why it's a smart move.
They'll Spot Potential Pitfalls
Crafting a contract isn't just about putting words on a page. It's about avoiding potential legal pitfalls. A commercial lawyer has the expertise to spot issues before they become problems that can take your business down or make you liable in ways you don't understand.
If you have created an original work or invention, it's natural to want to protect it. While intellectual property laws in Australia provide certain protections automatically, registering your work is an additional step you can take to safeguard your intellectual property (IP). But how can you file a claim to protect your IP if necessary?
What Is IP?
First and foremost, it's important to know what qualifies as IP. In Australia, IP covers a wide range of creative and original works, including patents, trademarks, copyrights and designs.
Here are two tips for those who have recently finished writing their will.
They should periodically review and update their will
People who have written their wills should not store them away and forget about them; instead, they should periodically review and, when necessary, update them. The reason for this is that as the years pass, a person might accumulate more assets that they need to include in their will or might, for example, have more children that they need to add as beneficiaries to their will.
Selecting the ideal commercial lawyer for your business can be daunting. It's, therefore, imperative to consider various essential factors if you wish to receive the best legal counsel and representation. They might include aspects like your company's unique needs and the type of business lawyer to hire. Therefore, consider choosing a professional lawyer who can offer the best legal representation by considering the following factors.
Not all lawyers specialise in the same area of practice.
If you're in business, you know that you have to pay great attention to income and cash flow. You probably have a range of regular debts that you have to take care of, so you'll want to ensure that you bring in the money on time and without issue. Yet you may well run into problems as time goes by and find it hard to collect a specific debt. What should you consider before you make any serious attempts to chase the overdue amount?