Velos & Velos Corporate Lawyers Melbourne have over forty years of extensive experience and expertise in dealing with business law, including the following:
Buying and selling a business
Under Australian Law, when buying and selling a business, it is important to carry out proper due diligence and to engage experienced lawyers, accountants and other expert consultants to assist you in the process, to ensure that you buy a business that will be successful in your hands.
Very often eager purchasers rush into signing a contract to purchase a business and pay good money and later find that the business was not worth what they paid. Furthermore, they may discover to their horror that the business is not sustainable and is not able to continue as a viable sustainable business and thereby, may have a cause of action against the Vendor of the business.
It is important to instruct experienced lawyers such as Velos & Velos Corporate Lawyers Melbourne with many years’ experience and expertise to enable them to advise you and avoid numerous pitfalls, significant loss of purchase monies, unnecessary complications, stress, suffering of losses, expenses and costs, as well as other loss and damage that may not be able to be recovered.
We also assist Vendors in the sale of their business and provide sound legal advice in order to avoid numerous onerous pitfalls and ensure the Vendor achieves a successful hassle-free sale of the business.
It is extremely important to ensure that when engaged in business that fair trading operates throughout the various industries.
It is extremely important to be aware of misleading and deceptive conduct and in the event that a party engages in unfair, deceptive or misleading conduct, that you are able to obtain legal advice in order to protect or recover any loss and damage that you have suffered.
The Australian Consumer Law oversees a number of legal areas related to fairness and integrity towards the consumer.
These are extremely important as these are included in the contract terms, layby agreements, consumer rights, regulations and guarantees, product safety laws, unsolicited consumer agreements and other areas where the consumer’s rights and interests are protected, and business should be aware of these in order not to infringe the consumer laws.
Product liability regulations
It is important for clients to be aware of their duty to ensure that toxic, faulty or otherwise dangerous products are never marketed in Australia.
The Australian Competition and Consumer Commission (ACCC) sets high standards for what constitutes safe products in Australia and clients should be aware of these as these may vary between States and Territories in Australia.
Australian environmental and legal authorities have recognised that they must protect fragile ecosystems and human health. Through the Federal Government and State and Territorial Governments and local governments, there are laws and regulations that are enforced to ensure that Australia’s fragile ecosystems are protected. Clients must be aware of the laws and regulations especially as these may vary from Federal to State and Territory Government legislations and obtain sound legal advice to ensure that their businesses do not infringe these laws and regulations.
The Australian Information Commissioner regulate how businesses may handle and store personal information and clients should be aware of these strict requirements.
Australian States and Territories have a variety of individual privacy laws and clients should be aware of these when operating in the various industries and workplaces.