Tag: Business

Quick answer: A product supply agreement is a legally binding contract that sets out the terms under which one party supplies goods to another, covering pricing, delivery, and warranty obligations. It protects both sides by spelling out rights and responsibilities upfront, across 10 key elements, from product specs and quantities to termination and governing law. […]

The right contracts protect you and your business when the unforeseen occurs. If Jodie had the right contract templates, she could have avoided so many issues that compromised her business and her livelihood. Imagine this… You step out of the house and glance up at the sky. There’s not a cloud in sight and all […]

A Shareholder Agreement is a document which regulates the rights of shareholders and sets out protocols for the internal management of a company. Shareholders Agreements can be used alongside of a company’s constitution or the replaceable rules contained in the Corporations Act.  They are an ideal tool for addressing a range of issues relating to […]

Unfortunately most business owners leave it too late to think about selling their business. When you actually have to sell your business becomes the most difficult time to maximise the value of your business. It’s very good business practice to be aware of any reasons that may cause you to sell your business and to plan an […]

Download Buyers Enquiry Form Selling a business takes planning, preparation and organisation so you can get the maximum asking price. Give yourself plenty of time to put everything in order – your accounts, systems and your people. Getting and staying organised is the best way to keep track of the sales process. Get your Documents […]

Quick answer: At arm’s length means two parties are negotiating independently, each pursuing their own interest with no obligation to disclose information that could weaken the other’s position. The term matters most for tax and superannuation compliance – SMSF trustees must trade at arm’s length, and the ATO has penalised related-party arrangements that fail this […]

Back to Part 1 How does the PPSA affect you? Before the PPS (Personal Property and Securities) Act, the finance company would not have been able to enforce security in the caterpillar equipment.  This is summarised by that most ancient dictum, “you can’t give that which you don’t have”.  Now, however, it seems that this […]

Starting a business with others is often an exciting time, with both parties working hard to establish a business that they passionately believe in. While it may be rewarding to work for yourself and nurture your own business, it is important not to overlook the more mundane and practical aspects involved in owning and operating […]

December is when people start winding down for Christmas holidays. If you run a business there are some rules you need to follow when managing an Annual Shutdown. What is an Annual Shutdown? It’s when an employer can temporarily close their business down during a slow business period. For example, the construction and manufacturing sectors […]

If you’re a business owner supplying goods or equipment to customers on trade, you’re probably operating under Terms of Trade. And you probably think those Terms of Trade will provide adequate protection if things go wrong. But if your Terms of Trade don’t include provisions allowing for the register of security interests on the PPSR, […]