Business Contract Lawyers Penrith Area

While not legally required, proper legal setup from the start can save significant costs and complications later. We help you choose the right business structure, understand your obligations, and establish solid foundations for growth – often for less than the cost of fixing problems later.

We believe in transparent pricing with no surprises. During your initial consultation, we’ll provide a clear cost estimate based on your specific business needs. Many business matters can be handled on fixed-fee arrangements, giving you cost certainty. In the alternative, we offer competitive hourly rates. We always explain all costs upfront before you commit.

Yes, we regularly review and negotiate commercial leases for Penrith businesses. Commercial leases are complex documents with significant financial implications. We ensure you understand all terms, negotiate fair conditions, and protect your interests throughout the lease term.

For most businesses the only business insurance you are required by law to carry is workers compensation insurance. However you would be foolish to neglect to cover other business risks.

The types of other business risks and insurances include:

• public liability;
• fire;
• product liability;
• business interruption/loss of profits;
• sickness and accident/personal disability;
• key person insurance;
• professional indemnity.

First, review the contract terms and document the breach. Often, a formal letter of demand can resolve the issue without court action. If that fails, we can advise on your options, including negotiation, mediation, or legal proceedings to recover losses and enforce your rights.

A Buy/Sell agreement is an agreement between the proprietors of a business that deals with how the ownership entitlements of the proprietors will be dealt with in events such as:

• a proprietor dies
• a proprietor is made bankrupt
• a proprietor is totally and permanently disabled
• a proprietor wishes to retire
• a proprietor continually defaults in his/her obligations to the business
• a third party offers to buy the business but not all proprietors wish to accept the offer

If, for example, your business structure is a company or a trust, you do not own the business itself but rather you own shares in the company that owns the business or have a beneficial entitlement in the trust that owns the business. A Buy/Sell agreement usually deals with your rights to deal with your interest in that entity. It may be difficult to locate a third party to purchase your shares or interest from you. A Buy/Sell agreement can for example, grant options to a proprietor to purchase other proprietors’ interests or for the business to be sold or the entity owning the business to be terminated.

Companies offer limited liability protection and more professional credibility, but have greater compliance obligations. Sole traders are simpler to set up and operate, but offer no asset protection. We’ll assess your situation and recommend the most suitable structure for your goals and risk tolerance.