Cooling Off Under a Contract for the Sale of Land

by

Section 31 of the Sale of Land Act 1962 (Victoria) provides a purchaser who signs a contract of sale for the purchase of land the ability to terminate the contract where certain conditions are met. Generally, a purchaser has 3 clear business days from when they signed the contract to exercise rights to cool off.… Read more »

License Agreements v Franchise Agreements

by
27 Aug

License Agreements: A License Agreement is a contract where the licensor gives the licensee permission to use something without the obligation of transferring ownership to use, in their own ventures. For instance, a business name, brand, logo or a trademark. These agreements can be specific, as to what property the licensee can use and how… Read more »

Transferring a Property Title

by
22 Jul

Transferring and adding individuals to a property title or amending property ownership structures is something we see often at our office whether it be parents gifting or selling property to their children or by amending the ownership structure by adding someone such as a spouse to the title or even changing the shareholding in the… Read more »

Purchasing a Business? Matters to consider

by
12 May

When a business owner intends on purchasing a business, they visualise themselves running and operating the business they have acquired but do no think of all the steps and legal requirements in between. The process of purchasing a business can be lengthy and confusing and entails a process a new business owner simply does not… Read more »

Tips to consider before purchasing property

by
28 Feb

Affordability: When intending to purchase property, the first thing to consider is what your budget is and what you can afford to repay. You must remember that you’re not only subjected to the purchase price, but many other necessary costs are incurred when buying, such as Deposit; Stamp Duty; Interest on your Loan; Legal and… Read more »

Should I get my contract reviewed by a lawyer?

by
31 Jan

Some key advice lawyers generally give to clients is to get their contracts reviewed prior to signing. Contracts vary from business contracts, contracts of sale of land, build contracts even employment agreements, it is important to know what you are signing up for and will be legally bound by. Fairly often we are approached by… Read more »