Legal Tips for Startups

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In the initial excitement of launching a start-up, key legal considerations can often be overlooked. Knowing the best corporate structure for your business, and establishing appropriate agreements between partners and investors at the beginning can save a lot of money and heart-ache down the track.  

We were delighted to welcome lawyers from Mills Oakley to CORE for a breakfast seminar titled "Top 10 Tips for Start-ups". Attendees gained an insight into legal issues to be aware of, and when to seek advice, for their business.

So, what were the 10 Tips?

  1. Consider your business structure
  2. Enter into a shareholders agreement
  3. Look out for key terms in contracts
  4. Start-up doesn't mean no bargaining power in contracts
  5. Understand your obligations under Australian Consumer Law
  6. Understand you IP assets and how to protect them
  7. Protect your trademarks/brand before using them
  8. Own your IP when engaging contractors
  9. Protect your confidential information
  10. Check your non-disclosure agreements

Michael Brady, Special Counsel for Mills Oakley is now one of our Experts available to meet CORE members as part of our Experts@CORE program. You can find more details HERE.