1800 77 66 46 
Many aspire to run their own company and be their own boss. Of course, operating a business takes a lot of hard work, great leadership, and a thorough understanding of the industry in which your company operates. You must also be aware of the legal requirements of establishing and running your business, so that you do not breach any laws.
The legal requirements can be quite complex, which is why it is often recommended to seek the legal guidance of a professional lawyers. Prominent Lawyers can handle a number of legal difficulties that may emerge throughout the course of the business' operation.
Here are some aspects in running a business or a company that would need a lawyer:
Intellectual property and patents — These are, without a doubt, among of a company's most valuable assets. Property ownership and trademarks must be protected, which can include everything from a product to a software program to an innovative or revolutionary process. Your company's intellectual property (IP) rights must be understood in order to protect your IP and patents.
Franchising — Whether you are an owner or a franchisor (a company that receives a franchise), you should be aware of your rights and responsibilities in the franchiser-franchisee relationship. As a franchisee, you should get advice on things such as trademark registration and property leasing. If you are a franchisee, you will need help with things like reading franchising documents and being diligent in carrying out your franchisee responsibilities.
Advertising and promotions — Without the help of ads and promotional activities, a company would have a difficult time getting the word out about its products and/or services these days. In Australia, these characteristics are governed by strict rules. Lawyers can assist you in complying with these regulations without compromising your business objectives.
Partnership agreements — Your business may need to partner with another company at a certain point so that you can easily achieve your mutual goals. You need to get advice on your obligations in the partnership, as well as during the event that a dispute arises within the partnership.
Insolvency — Your business, no matter how promising it seems now, must be prepared to face the possibility of insolvency in the future. Having a lawyer on your side can assure you that you will get helpful advice on the consequences of bankruptcy and corporate insolvency.
Get peace of mind while running your business by instructing lawyers to help you navigate through the complexities of commercial and business law.
Prominent Lawyers is a law firm you can rely upon to help. Call Prominent Lawyers today on 1800 77 66 46.
*The contents in this article are solely intended to provide general information in summary and do not constitute legal advice. We recommend seeking the assistance of a legal professional to discuss any matters at hand.
