During 2026, Rankin Business Lawyers is presenting a series of articles providing guidance on what to do when preparing a business for sale. This month we cover the importance of getting the legal affairs of the business in order, covering contracts, privacy, intellectual property (IP) and resolving any compliance issues. This is the important stuff! [...]
For many small supply and manufacturing businesses, securing a contract with a major retailer or distributor is a significant commercial milestone. It can mean volume, credibility and growth. However, it often comes with a non-negotiable “standard form” agreement that shifts disproportionate risk onto the smaller party. Under Australia’s unfair contract terms (UCT) framework, certain terms [...]
Selling your business is a major milestone — one that can be exciting, emotional, and financially rewarding. But a successful sale doesn’t happen by accident. It requires careful planning, strategic thinking, and a solid understanding of what buyers are looking for. Whether you're planning to sell in six months or two years, here’s a comprehensive [...]
In today’s fast-paced business environment, effective intellectual property (IP) management is crucial for maintaining a competitive edge. However, many businesses, especially small and medium-sized enterprises, often overlook key aspects of IP management, which can lead to costly mistakes. Below are some common pitfalls and practical tips to help businesses avoid them. Failing to Identify and [...]