Buying a business? If you are looking at buying a business or are in the process of buying a business, then there are a multitude of things you will need to consider. Not only should the typical pre-purchase due diligence enquiries be made, but some more in-depth matters (which are often glossed over or forgotten...
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START-UPS: CONTRACTUAL CONSIDERATIONS FOR BUSINESS AGREEMENTS AND THE IMPORTANCE OF TRANSPARENCY WITH CONSUMERS
A possible point of failure in start-ups is an inattention to the legal relations of the involved parties, e.g. those between multiple cofounders, those between founders and investors, and those between the business and consumers. The common theme with these agreements is that they all, in some way, should protect the financial interests of start-ups...
NEW ENDURING POWER OF ATTORNEY AND ADVANCE HEALTH DIRECTIVE FORMS FOR QUEENSLAND
As of 30 November 2020, new Enduring Power of Attorney (“EPOA”) and Advance Health Directive (“AHD”) forms have come into effect under the Powers of Attorney Act 1998 (Qld) to replace the previously existing forms which had been in effect for more than 16 years. It is important to be aware that whilst any Enduring...
WHAT HAPPENS WHEN YOUR ID DOES NOT MATCH THE CONTRACT OF SALE?
Recently changed your name, been married, or you just changed your name because you felt like it did not suit you? If your ID does not match the Contract of Sale or your true and correct name is not on the Certificate of Title (which is now held electronically by the Queensland Titles Office) for...
SEPARATION & THE FAMILY HOME
Separation can be one of the most emotionally charged, traumatic events that can occur in a person’s life and the devastating effects are often amplified when there are children involved. No matter the length of the relationship, the breakdown of a relationship can be hard enough to deal with on its own, without having to...
TESTAMENTARY TRUST – WHAT IS IT AND DO I NEED ONE?
A Testamentary Trust is essentially a trust that comes into effect upon the death of the testator (will-maker) and can be a useful estate planning arrangement in situations where extra flexibility is needed when the estate is disbursed to beneficiaries, such as circumstances where the beneficiaries are employed in high risk occupations (where their personal...
SHOULD I HAVE AN ENDURING POWER OF ATTORNEY?
While we have reiterated the importance of having a current Will in many previous articles, (click here to read more), the importance of having a current Enduring Power of Attorney is just as important as having your Will in place. While a Will provides instructions for your executors in relation to the distribution of your...
PARENTING ORDERS
Our family lawyers have been fielding a lot of questions in the past several weeks from worried parents regarding their children and parenting orders, so we thought it would be prudent to provide a brief update on the current guidelines surrounding the care of children and the operation of parenting court orders during this time....
PREVENTING TERMINATION OF THE CONTRACT – MINIMISING THE RISKS
If you are selling your property and have managed to get a buyer to sign a contract to purchase, then you will want to do everything you can to minimise the risk of termination of the contract and to make sure that the sale goes through. There are various situations which can arise during the...
STATUTORY DEMAND – WHAT IS IT AND HOW CAN IT AFFECT MY BUSINESS?
In the same way that an individual can become bankrupt for failing to pay money when due, a company can be brought to a commercial end by being wound up for failing to pay its debts so it is vitally important if you run a company that you are aware of what a statutory demand...
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Runaway Bay, QLD 4216
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Affinity Lawyers
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Runaway Bay, QLD 4216