The tidal wave of automation is transforming every part of society, and the laws that govern Australian businesses are no exception. Here, we’ve outlined some of the ways that new technology is disrupting the legal context in which businesses operate – from the boardroom to the courtroom.
The real value of many businesses doesn’t lie in their physical assets, but in their intangible assets or intellectual property (IP). This can include their logo and branding, product designs, client knowledge, trade secrets and even their ideas.
There was a time when law firms tended to choose their leadership team from among their own ranks. That’s no longer the case.
If you’ve ever seen Mad Max, you’ll have some understanding of the consequences of an unfair (or non-existent!) justice system. That’s where the rule of law comes in. The rule of law is a concept designed to keep life fair, just and orderly – and it also applies to businesses. To make the best decisions for you and your business, you need to understand how these laws work.
No man is an island. And no business operates in isolation from external challenges. Business leaders are constantly required to make agreements and transactions that have legal ramifications, often without full comprehension or up-to-date knowledge of their parameters.
It’s a dream for many to start their own business. However, entering into a new venture can be anything but smooth sailing—particularly when there is uncertainty regarding what is required by law. A deep understanding of the legal requirements for new and established businesses is key to growth and prosperity.