COVID-19 Update

Richard Browes

Starting a Technology Start-Up? Dream big and plan to avoid your dreams come crashing down

There is an abundance of material available for those thinking of establishing a start-up, including a multitude of lists of the top do’s and don’ts. It is estimated that there are 50 million new businesses launched every year in the world (or 137,000 a day). Australia-specific figures are not readily available but some estimates put … Read More

Electronic execution and remote witnessing of documents in Victoria

The Victorian Government has passed legislation permanently allowing mortgage documents, deeds, wills, and powers of attorney to be executed electronically and witnessed remotely. Enabling the execution of such documents without the need to exchange hard copy documents and arranging to meet in person will provide for flexibility and efficiency of services. The Victorian legislation makes … Read More

Reporting obligations of companies limited by guarantee

What is a company limited by guarantee? In Australia, a company limited by guarantee (CLG) is subject to the Corporations Act 2001 (Cth) (Corporations Act) administered by the Australian Securities and Investments Commission (ASIC). Note: sections mentioned below refer to the Corporations Act. A “company limited by guarantee” is defined as a type of public … Read More

The price of them apples: Ready to license but unsure how much the technology is worth?

With new and early stage technologies, or perhaps new uses for existing technologies, the value of the technology for licensing purposes is often not able to be readily determined. In the absence of a commercialisation track record, the risk is that the value for the licensed technology (licence fees, milestone payments, royalties) may be set … Read More

Licence to Rights/Rights to License (An IP licensing regime not dependent on crossed fingers)

When new IP is created, the desire to get it ‘out there’ is understandable. This is particularly so where the IP requires further development, has commercial potential, or originates from a researcher with a public benefit mandate. In the eagerness to license the IP, it is important to ensure that for all licences to rights … Read More

‘Sleeping’ Australian Director of a NZ subsidiary? Time to wake up and smell the potential liability…

On 4 April 2016, New Zealand’s Health and Safety at Work Act 2015 (NZ Act) comes into effect to seek to address New Zealand’s alarming workplace safety record. When measured per 100,000 employees, workplace fatalities and accidents in New Zealand happen twice as frequently as in Australia and six times more frequently than in the UK. The … Read More

Contact FAL Lawyers for all enquiries