Question 1

What does a commercial lawyer do?

Accepted Answer

A commercial lawyer advises businesses on contracts, structures, acquisitions, shareholder agreements, governance, and compliance. At Abbots Legal, our Richmond commercial team provides practical, outcome-focused advice to protect and grow your business at every stage.

Question 2

What is a shareholder agreement and do I need one?

Accepted Answer

A shareholder agreement governs how a company is run, how decisions are made, how shares can be transferred, and what happens when a shareholder exits. Even when all shareholders agree today, a well-drafted agreement is essential - it protects everyone's interests when circumstances change.

Question 3

What is corporate governance and why does it matter?

Accepted Answer

Corporate governance covers the systems and practices by which a company is directed and controlled. Good governance protects directors from personal liability, ensures regulatory compliance, and builds stakeholder trust. We advise on director duties, board structure, constitutions, and Corporations Act obligations.

Question 4

What documents do I need when buying or selling a business?

Accepted Answer

Key documents include a business sale agreement, vendor disclosure schedules, restraint of trade provisions, and lease assignment documentation. If shares are involved, a share sale agreement and due diligence report are also required. Our team manages the full process from heads of agreement to settlement.

Question 5

What is due diligence?

Accepted Answer

Due diligence is the process of investigating a business before completing a purchase or investment - reviewing financials, contracts, IP, employment arrangements, and potential liabilities. Our team conducts thorough due diligence so you know exactly what you are acquiring.

Commercial Law

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