Unpaid Present Entitlements and the Implications of Bendel
BackgroundPresent entitlements are rights that a beneficiary of a trust has to share in the trust’s income. The two defining features of a present entitlement over trust income are that the beneficiary:• has an indefeasible [...]
What is IP?
Intellectual property (IP) rights can be a business’ most valuable asset. For example, Forbes reported that while Disney’s 2013 hit Frozen grossed US$1.3 billion at the box office, the licensing of the IP rights accumulated US$107.2 billion [...]
Sale of Business Basics: Asset or Share Sale?
Often the first fundamental question a lawyer will ask when requested to prepare documentation for a sale of a business is: Are you conducting an Asset or a Share sale? Whilst for the most part [...]
Does your business have an APP compliant privacy policy?
The Australian Privacy Principles (APPs) require an APP entity (essentially not a small business) to have a clearly expressed and up-to-date privacy policy (APP privacy policy) describing how it manages personal information. The APP privacy [...]
Responding to Data Breach
A data breach could occur to any business holding personal information at any time. It is unlikely that unauthorised access will occur at a convenient time! It is important that you have data breach policies in place within your business [...]
Data Breach Policies
In addition to the legislative requirements of having data breach policies and procedures in place, practically they can have serious impact on your business. They can result in unauthorised disclosure of personal information that your [...]
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