Entering a Commercial Lease
If you are looking to enter into a Commercial Lease, getting it right from the start can help avoid problems further down the track. While we recommend you discuss your lease requirements with your lawyer, here are a few common points to think about.
Protecting your business
There is value in the intellectual property of your business, and its worth protecting. Intellectual property can include your brand, any written materials, your experience, systems and processes and your customer database.
Employee's Rights During Insolvency
Recent financial stress has seen many businesses close, leaving employees uncertain over future employment, and also concerned as to whether any wages, holiday pay or redundancy owing will be paid.
Some creditors (including employees) are given preferential rights’ and therefore are more likely to receive what is owed to them.
When a Business faces Financial Pressure
When a business is facing financial pressure, it can be very stressful, not only for the directors and shareholders, but all related parties including creditors, suppliers and employees. If you seek help early, and take good advice, then these stresses can be managed. The sooner a risk is identified, the more options that are open to a business to deal with financial stress.
Protecting Your Brand
Many people hold the mistaken belief that by securing a company name they are adequately protecting their brand.
