What to include in a partnership agreement
A partnership agreement is a legally binding document that outlines the terms and conditions of a partnership. While the specific contents may vary depending on the nature of the partnership and applicable laws, here are some key elements commonly included in a partnership agreement: Partnership Details: Clearly state the name, purpose, and duration of the […]
Update to minimum wage in Australia
As part of the Annual Wage Review 2022-23, the Fair Work Commission has increased the National Minimum Wage and award minimum wages. From 1 July 2023: the National Minimum Wage increases to $882.80 per week or $23.23 per hour award minimum wages increase by 5.75%. The Fair Work Commission tools, resources and website have been updated with the […]
What is equity crowdfunding in Australia?
Equity crowdfunding in Australia is a fundraising method that allows businesses, particularly startups and early-stage companies, to raise capital from a large number of investors through online platforms. It involves selling shares (or equity) in the company to a crowd of individual investors in exchange for their investment. In Australia, equity crowdfunding is regulated by […]
What is a shareholders agreement?
A shareholder agreement is a legally binding contract between the shareholders, and directors, of a company that outlines their rights, obligations, and the manner in which the company will be managed and operated. It serves as a comprehensive document that governs the relationship between shareholders and helps establish a framework for decision-making and dispute resolution within […]
What to include in an employment agreement?
When drafting an employment agreement, it is important to include key provisions that protect the rights and clarify the expectations of both the employer and the employee. Here are ten things to consider including in an employment agreement: Job Title and Description: Clearly define the employee’s position, duties, and responsibilities to establish clarity regarding their […]
What is a non-disclosure agreement (NDA) or a confidentiality agreement?
A non-disclosure agreement (NDA), also known as a confidentiality agreement, is a legally binding contract between two or more parties that outlines the terms and conditions regarding the protection of confidential or proprietary information. The purpose of an NDA is to ensure that sensitive information shared between parties remains confidential and is not disclosed to […]
