The concept of “misleading and deceptive conduct” doesn’t only arise in the context of consumer law, requiring a seller to ensure that it does not mislead or deceive, or engage in conduct which is likely to mislead or deceive, its consumers in relation to the product or service...

All business owners and agents must be careful when providing prospective purchasers with sales figures and other information, particularly where reliance will be placed on that information, without separate verification by the prospective purchaser. This issue arose in a December 2019 decision...

If you are planning on selling your business, and are being assisted by a solicitor, you will inevitably be asked for business documentation and history.

We regularly meet our clients once they have already accepted an offer on the business and are needing their contract prepared. More often than...

The first steps often taken by business owners in establishing their business are:

• to obtain an Australian Business Number (‘ABN’) and
• to register their business name through the Australian Securities & Investments Commission (‘ASIC’).

Under the Business Names...

It is commonly thought that when a business is sold, particularly if it is described as being sold as a "going concern", the employees will continue to work in the business, although under a new owner.

This is not necessarily the case.

When there is a transfer in ownership of the business:

• the...

When you are selling a business, you are transferring ownership of a bundle of rights, responsibilities and assets that are used together to create profit for their owner. These rights, responsibilities and assets need to be clearly identified so they can be effectively transferred from...