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Latest News and Updates

This is where you can find the latest news and insights about Allied Legal —
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Blog

In the fast-paced world of fintech, innovation is the name of the game. From groundbreaking software algorithms to revolutionary financial products, the fintech industry thrives on pushing the boundaries of what's possible. But amidst this whirlwind of innovation, one thing remains constant: the importance of intellectual property (IP) rights.

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Blog

This article is Part 1 in a 3-part series on employee share scheme requirements under Part 7.12 Subdivision 1A of the Corporations Act 2001 (Cth) (the Act). This article looks at the application of Part 7.12 Subdivision 1A to private companies in the context of disclosure obligations. Part 2 of the series can be found here, which looks at what the general disclosure obligations are.

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Blog

Securing the necessary capital for growth remains a challenge for startups in the business landscape. While daunting, navigating through the fundraising maze is achievable with the right planning and execution. This guide aims to demystify the process of raising capital, providing startups with an outline for financial success.

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Blog

In the startup ecosystem, raising capital is a pivotal moment that can define the trajectory of a business. Among the many options available for securing funds, convertible notes have emerged as a genuine alternative for both startups and investors. 

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Blog

An indemnity is an undertaking by one party (the indemnifying party) to compensate the other party (the indemnified party) for certain costs and expenses. 

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Blog

When it comes to protecting your innovations, patents are a crucial tool. They provide legal protection for a range of inventions including devices, substances, methods, and processes, ensuring that your creativity and hard work are safeguarded. Understanding what patents cover, how they work, and the process of obtaining one is essential for any inventor.

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Blog

In the world of startups, the question of funding is crucial. While venture capital and angel investment are popular routes and remain a compelling and often rewarding approach. This article explores the essence of bootstrapping, highlighting when and why it makes sense for startup founders.

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Blog

In the world of startup financing, Simple Agreements for Future Equity (SAFE notes) have emerged as a popular instrument for early-stage funding. Created as an alternative to traditional equity and debt financing, SAFE notes represent a forward-thinking approach to investment, especially for seed-stage startups. They are unique convertible securities, converting into equity at a future date, thus simplifying the fundraising process for young companies.

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Blog

When embarking on the journey of fundraising for your startup, it's important to grasp the long-term implications of your decisions, especially regarding equity dilution. It's a balancing act – raise too much, and you dilute your ownership; raise too little, and you might fall short of crucial milestones.

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Blog

The US venture capital arena is a critical stage for Australian entrepreneurs aiming for global expansion. With its vast population, advanced technological environment, and a culture steeped in innovation, the US offers unparalleled opportunities and hurdles for international startups. This guide explores the nuances of US venture capital for Australian business owners considering a foray into this dynamic landscape.

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Blog

When embarking on the entrepreneurial journey, financing your business is one of the pivotal decisions you'll face. It's a choice that can significantly influence your company's future. While friends and family might be the first port of call for initial funding, growing businesses often look towards equity financing or venture capital. But is this the best route? Let's delve into equity funding vs. non-dilutive financing.

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Blog

Startup founders often face the decision of how to raise capital without immediately resorting to offering preferred stock. An effective alternative lies in convertible securities, specifically SAFEs (Simple Agreements for Future Equity) and convertible notes. This blog post aims to demystify these financial instruments, offering insights into their workings, benefits, and potential drawbacks.

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Commercial Law

Companies with good corporate governance practices and documents (primarily, shareholder agreements and constitutions) are well placed to navigate internal conflict effectively. However, not all conflict can be easily managed and one area that can put a company in serious hot water is oppressive conduct.

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Blog

Facing a statutory demand can be a daunting experience for any company. In Australia, a statutory demand, issued by a creditor, compels a debtor company to pay an owed debt. Ignoring this demand may lead to severe consequences like a winding-up application under the assumption of insolvency. However, there are strategic ways to counter such demands.

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Blog

In the digital landscape, where websites act as the virtual gateways to businesses, comprehending the legal underpinnings of online operations is of significant importance. This includes the critical task of drafting comprehensive Terms and Conditions and Privacy Policies for your website. This article will delve deeper into what these documents entail, their distinct purposes, and why they are integral to the safe and compliant operation of your online presence.

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Blog

As digital connectivity deepens its roots in our everyday lives, the threat of data breaches has become more prevalent, particularly in wealthy nations like Australia and early stage start up businesses. The year 2022 marked a turning point in the Australian consciousness regarding cybercrime, with a staggering 76,000 reports of cybercrime - a 13% increase from the previous year. Ransomware, especially, has emerged as a formidable tool in the arsenal of cybercriminals, affecting every sector of the Australian economy and leading to a significant 14% increase in the costs associated with cybercrime reporting.

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Commercial Law

Australia's legal landscape for consumer and business contracts has undergone a significant transformation with the recent amendments to its competition and consumer laws, particularly focusing on Unfair Contract Terms (UCT). Effective from 9 November 2023, the New UCT Regime brings forth crucial changes that businesses must be aware of to stay compliant and avoid substantial penalties.

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Employment Articles

Australia's workforce is diverse, comprising various types of employment. Understanding the differences in employee rights and entitlements across full-time, part-time, and casual employment is crucial for both employers and employees. Governed by the Fair Work Act 2009 (Cth) (FW Act), these laws aim to protect workers' rights and ensure fair treatment. This following delves into the key distinctions between each employment type.

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Blog

When contemplating the significant decision of buying or selling a business in Australia, it becomes very important to be well-versed with the extensive process and have a clear understanding of the legal requirements involved. This guide aims to provide a thorough overview of the process for those who are considering venturing into this important chapter of their professional lives.

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Blog

Directors’ duties are prescribed behaviours and rules that a person must follow when they are acting as a director. They come from both common law (i.e. judges’ decisions in court cases) and statute (principally the Corporations Act). All directors of Australian companies are required to comply with the directors duties.

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Blog

In the financial services industry in Australia, one of the most critical components that ensure the smooth running of activities is the Australian Financial Services License (AFSL). This license, administered by the Australian Securities and Investments Commission (ASIC), is a mandatory requirement for businesses and individuals intending to offer financial services. This license is not merely a formality but a cornerstone of the financial industry, which serves to regulate and ensure the legitimacy of financial services, thereby protecting consumers.

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Blog

In today's world, where technology is rapidly advancing and digital transformation is becoming a necessity, small businesses must learn to adapt to remain competitive. Recognising the need for this important digital evolution, the Australian Government has proactively launched an innovative initiative known as the Small Business Digital Adaptation Program. This forward-thinking initiative is designed with the primary aim to increase and enhance the digital capabilities of small businesses, thus empowering them to not just survive but thrive amidst a rapidly evolving digital landscape.

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Commercial Law

Embarking on the journey of starting a business in Australia is both exciting and challenging. It offers the freedom of being your own boss, crafting your own schedule, and pursuing what you are passionate about.However, it's not just about having a great idea and enthusiasm; it involves meticulous planning, research, and understanding the legal landscape of business in Australia.

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