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Trade Marks: Distinct vs Descriptive –The Expensive Lesson For Getting It Wrong
In the dynamic world of branding and intellectual property, securing the right trademark is paramount for businesses seeking to distinguish themselves in the marketplace. However, navigating the fine line between distinctiveness and descriptiveness can be a daunting challenge, and getting it wrong can prove to be a costly mistake.
Ways To Foster Entrepreneurial Spark In Our Kids
In today's fast-paced world, fostering an entrepreneurial mindset in our children is more crucial than ever. As school holidays approach, it's an opportune time for parents to ignite that spark of innovation and business acumen within their kids. By incorporating hands-on activities, imparting financial literacy, and encouraging problem-solving and creativity, parents can set their children on the path to entrepreneurial success from an early age.
Unpacking Taylor Swift's Legal Playbook: A Down Under Perspective with Practical Insights for Businesses (Small and Big)
In the world of artistic vision meeting commercial prowess, few have orchestrated their ascent to stardom as masterfully as Taylor Swift. Beyond the catchy tunes and glittering stage persona lies a fascinating narrative of legal strategies that have not only shielded her artistry but also propelled her to the upper echelons of the music industry - even helping her become the first billionaire solely from music and music-related earnings.
Business Sale Preparation Worksheet
Welcome to the Business Sale Preparation Worksheet. As an experienced business advisor, we here at Advantage Partners Lawyers are here to guide you through the steps to ensure a successful sale of your business.
Navigating Business Exit Strategies: A Guide for Business Owners
Embarking on the journey of selecting the perfect exit strategy is a defining moment for any business owner – whether you're steering a start-up or an established enterprise. This pivotal decision involves a delicate balance of financial foresight, personal aspirations, and overarching business objectives. Today, we're not only exploring some tried-and-true exit strategies but also providing a few insights into their unique dynamics to empower business owners contemplating their next steps.
Checklist for Sellers: Tips for Preparing to Sell Your Business
This checklist for buyers will make the selling process a breeze!
12 Ways To Prepare Your Business For The Silly Season & 2024
It’s November and it will be Christmas and the end of the year before you know it! So here are 12 ways you can help prepare your business for the craziness of the end of the year to ensure a smooth and successful transition into 2024.
Successful Family Business Handovers – Key Dos & Don’ts
In a recent development, media tycoon Rupert Murdoch has announced his decision to step down as chairman of News Corp and Fox Corporation, marking the conclusion of his tenure at the helm of the media conglomerate. This paves the way for his eldest son, Lachlan, to assume the role of chairman at both companies.
Drawing parallels with the popular TV series "Succession," it's evident how such transitions can become intricate. Therefore, we've compiled a set of a few of the essential considerations for family-run enterprises, whether they are large multinational corporations or smaller businesses, to keep in mind when contemplating a change in leadership.
Protecting Your Business: Urgent Action Required for Unfair Contract Term Changes in November 2023
If you haven't already, you need to review your standard form contracts - as from 9th November 2023, big changes happen where it may be illegal to have an unfair term in your standard form contracts!
For those that reviewed their contracts a few years ago for unfair terms, this is not enough as the above illegality change and court interpretations since the unfair terms laws first came out have arguably made the approach to these terms very different.
Unravelling the Landmark Mercedes-Benz Case: Impact on the Australian Franchising Industry
The aftermath of the Federal Court's ruling on the $650 million compensation claim by former Mercedes-Benz dealerships against Mercedes-Benz has resulted in a multi-dimensional examination into the non-renewal of franchise agreements and the introduction of alternative agency contracts. What’s the impact of this landmark case on the Australian franchise industry?
Navigating Customer Satisfaction & Protecting Your Business with a Considered Refund Policy
In today’s highly competitive business landscape, customer satisfaction is paramount. A well-structured refund policy that goes beyond mere administrative obligations is a crucial component that can enhance customer experience and safeguard your business's reputation.
Elevating Your Business (and reducing your business and your personal Risk) With A Well-Crafted Privacy Policy
In today's interconnected world, data privacy has taken centre stage, making a well-crafted privacy policy more than just a legal requirement – it's a strategic asset that can set your business apart. Due to this, a meticulously designed privacy policy for your business is essential. There are many risks involved if you neglect a privacy policy, but a carefully crafted one can transform your business, attracting customers and enhancing its credibility.
Franchising Future Map: The Opportunity To Help Create
If you're a part of our vibrant $170 billion franchising sector, this information is for you. Minister for Small Business Julie Collins has announced an independent review of the Franchising Code of Conduct, with an opportunity for those within the franchising sector to have their say.
Barbie & the Crucial Role of Carefully Drafted Sponsorship Arrangements – Warnings & Tips!
The upcoming Barbie movie has created a frenzy of excitement, captivating audiences of all ages and demographics. The marketing efforts surrounding the film have been exceptional, resulting in numerous collaborations between Barbie and Australian brands. From luxury candles to clothing lines and even roller skates, these collaborations exemplify the power of successful partnerships. In this article, we will explore the significance of well-crafted sponsorship arrangements in Barbie collaborations, highlighting the benefits they offer while providing a few valuable tips for creating fruitful partnerships whether your goal is to work with Barbie or not.
Safeguarding Trademarks: Insights from Past Disputes & the Taco Bell Case
Trademark protection is vital for preserving a brand's distinctiveness and preventing generic use/generalisation. Recent USA legal disputes, such as the ongoing Taco Bell and Taco John's case, serve as a good reminder for businesses to regularly review and reassess how they use and protect their trademarks.
Going into Business with Family/Friends: Why a Shareholder Agreement is Essential!
Starting a business with family or friends may seem like a great idea. After all, you already have a strong relationship with these people, know and trust them implicitly. However, it's important to remember that businesses can be complex, personal circumstances can change, and people may have had different views on what each understood was the path/responsibilities. So when disagreements arise things can get very messy quickly with once-strong relationships damaged.
Leveraging EOFY to Protect and Maximise Your Business's Potential
As the end of the financial year (EOFY) approaches, it's crucial for businesses to take time out now to reflect on their performance over the last year, review and ensure compliance with their legal and financial obligations, and to put in place strategies for continued success.
At Advantage Partners Lawyers, we understand the importance of leveraging this period to protect and maximise your business's potential for a successful new financial year. In this article, we provide a few practical insights, strategies, and tips to empower you to take action.
Ten Steps to Prepare Your Business for EOFY!
EOFY, or end of financial year, is an important time for businesses to prepare for. Here are some steps you can take to prepare your business for EOFY.
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