With the power of the internet, anyone can start a business. This opportunity, however, comes with its own caveats. Navigating the rules and regulations that all businesses are beholden to can get tricky, especially when the rules continuously change and adapt year after year.
Most people have heard the parable about the foolish builder and the wise builder. The foolish builder built his house on the sand while the wise builder instead constructed his on a rock. When the rains came, the foolish builder’s house was washed away while the wise builder’s home stood the test of time.
In a business environment of constant change, endless disruption and enormous innovation of products, services, technologies and processes, the value of strong protection of intellectual property (IP) has boomed.
It’s not uncommon to find, in business sections of newspapers and websites, stories about lawsuits between businesses for intellectual property infringement. The results of such legal action often comes down to who has best protected their idea, trademark, patent or copyright.
Price fixing is illegal in Australia and there are heavy penalties imposed on companies that ignore the law. So what is price fixing and what are the legal risks it poses to businesses?
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.