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.