Understanding the legalese behind employment contracts

Understanding the legalese behind employment contracts

Unless you’re a lawyer or a linguist, legal jargon can often leave you scratching your head in confusion. But as an employer, it is important that you understand the legalese behind your employment contracts – If you don’t understand it, how can you expect your prospective employees understand it? 

We’ve compiled a list of some common phrases in standard form employment contracts – along with their plain English meanings - to demystify the confusion surrounding them.   

Getting the Most out of Your Lawyer (Without Paying Extra!)

Getting the Most out of Your Lawyer (Without Paying Extra!)

Every client/lawyer relationship is different and most of the time things run pretty smoothly however we’ve all heard the bad lawyer jokes or have a friend who has had a terrible experience of working with lawyers.

Law Squared Associate Shaun Restorick-Barton would like to change the conversation people are having about lawyers by distilling the top 10 tips to help you build a strong, cost-effective and sustainable relationship with your legal team.

New Anti-Encryption Laws: Locking Out the Global Tech Market

New Anti-Encryption Laws: Locking Out the Global Tech Market

Shock was felt throughout the Australian tech industry in response to news that the Telecommunications and Other Legislation (Assistance and Access) Act 2018 has been passed. The Act extends the powers of Australian law enforcement agencies to stop anti-terrorist activities by amending several pieces of legislation that deal with national security operations.

There are concerns that the effect of this Act may spread beyond anti-terrorism purposes. The introduction of these new laws has been labelled as “tech industry killer” by several Australian businesses. A real risk is that these laws will significantly stifle the competitiveness of Australia’s burgeoning IT industry in the global market, as well as detract major brands from Australian talent and consumer market. 

Considerations When Using "Buy Now, Pay Later"

Considerations When Using "Buy Now, Pay Later"

There is no doubt that the Buy Now, Pay Later payment gateway is one of the biggest innovations in FinTech for the retail sector. As a business owner, you may be interested to take advantage of the holiday shopping period to engage the services of one of these gateways and capture some of this value. On the other side of the coin, as a consumer you may use the platform to make payments more flexible, to make valuable purchases easier, and to stagger your cash flow.

We answer the most commonly asked questions from businesses and consumers about Buy Now, Pay Later arrangements.

Don't Copy & Paste Your Business Terms & Conditions

Don't Copy & Paste Your Business Terms & Conditions

For anyone in the business of providing goods and/or services, your terms and conditions are an important document to have, as it ensures that your business runs smoothly.

Law Squared lawyer Alexandra Geelan gives four reasons why your business needs a clear-cut set of Terms and Conditions.

Legal Documents to Organise when Starting your Startup

Legal Documents to Organise when Starting your Startup

A startup demands a significant amount of time, energy and attention – often, this is reflected in the long list of activities that a founder must tackle daily, in order to keep the startup operational.

Don’t let organising legal documents drop further down your to-do list and take note of these critical legal documents for early stage startups.

Top Tips for a Smoother Capital Raising Journey

Top Tips for a Smoother Capital Raising Journey

So you think your startup is ready to go ahead with raising capital. Congratulations! The decision to raise capital is an important one. However, it involves navigating through the entrepreneurial ecosystem, and as a founder it can be difficult to determine which steps are right for you and your startup.

The rise of e-signatures in a modern legal industry

The rise of e-signatures in a modern legal industry

It’s no secret that technology is taking over the way we do things in the professional services sphere, whether that be the way lawyers are now on hand 24/7 or the use of chatbot-style interviews to create documents and improve efficiency. Despite the breakneck speed at which the law is embracing the rise of certain new technologies, the legal industry remains resistant when it comes to replacing some particularly well-ingrained practices with new innovations.

Show me the money!

Show me the money!

Have a business that provides goods or services on credit? If so, it’s quite possible that you have some customers that have fallen behind on paying their invoices. While it’s all well and good to give customers some leeway from time to time, cash flow is important to the survival of your business, not to mention the time wasting that goes into chasing up those pesky outstanding invoices from your customers.

Why Bricks & Mortar's Are Important While Sales Boom

Why Bricks & Mortar's Are Important While Sales Boom

In the age of rapid online growth, Bricks & Mortar is more relevant than ever. While, in 2017, traditional retail channels grew by only +2.5% vs. online at +18.7% (c.f. Australia Post, Inside Australian Online Shopping) we must consider the way in which those dollars were spent, and what infrastructure and technology enabled the transaction to happen.

How Michael Elias Uses Technology To Grow His Business

How Michael Elias Uses Technology To Grow His Business

One of our key strategic deliverables is to grow in new markets through new channels and continue to learn and understand about opportunity beyond our knowledge bank. One market we have been keen to explore is China. Why? Simple, there’s over 2 billion feet there!

Negotiating & Finalising Commercial & Retail Leases

Negotiating & Finalising Commercial & Retail Leases

Negotiating a commercial or retail lease can be a daunting and confusing experience for many business owners, and particularly for first-time tenants. In this article, we will break down the process and some practical aspects of lease negotiations. It is important for both parties to a lease to actively participate in lease negotiations to ensure that their interests are adequately protects and that there is sufficient clarity in the lease.

Retail or Commercial Lease: Does It Matter?

Retail or Commercial Lease: Does It Matter?

One of the first issues for you to get to the bottom of when negotiating a lease for your business is whether the lease is a commercial lease or a retail shop lease. To non-lawyers, this may seem like a minor or unimportant distinction and an unwelcome distraction from the substantive terms of the lease.

So why does it matter? The classification of your lease can have a significant impact on your rights and obligations under the lease, and how such rights can be exercised.

Why Commercial & Retail Leases Are Important

Why Commercial & Retail Leases Are Important

At some point almost all growing businesses will require a commercial or retail lease. As the ‘home’ for your business, commercial or retail premises provide you with a space and base from which you can grow and implement your ideas, Finding and committing to the perfect premises can be a daunting step, but can play a key role in your ongoing success.

Don’t just shake on it - write it down!

Don’t just shake on it - write it down!

Last year, around this same time, I made a little wager with a friend (let’s call him ‘Ollie’, because that’s his name!) on the outcome of the AFL Grand Final - he was on the Adelaide bandwagon, while I was with the Tiger Army. Unfortunately, in making this wager, I made a crucial mistake - I sealed the deal over a handshake, and not in writing.

How To Manage Employees & Social Media

How To Manage Employees & Social Media

It’s no secret that the line between work and personal life is becoming increasingly blurred, particularly in the startup world where founders, employees, advisors, investors and clients are often friends or connections beyond the boundaries of the business. In this environment, employee engagement in social media can be a powerful tool to help companies increase their reach and engagement online and can improve how their brand is perceived.

Reforms of Victoria’s renting laws

Reforms of Victoria’s renting laws

In late 2017, the Victorian government announced a sweeping set of reforms to the Residential Tenancies Act 1997, in an effort to ‘make renting fair’. These reforms have been passed by both houses of Victorian Parliament in the last fortnight, and are due for Royal Assent by the Govenor in the coming weeks, with the reforms to be rolled out progressively. With one in four Victorians renting, it is important for tenants and landlords to understand their legal footing in light of these new amendments.