With the new year around the corner, businesses around Australia are preparing for the ever-popular year end reporting and renewals.

To keep you in check with what you’ll need in 2015 we’ve put together 3 questions you business needs to consider before it closes its doors this year.

1. Do My Contracts / Legal Documents Need to be Updated?

The first thing to consider here is your contracts with third-party vendors and partners. Has anything changed regarding this arrangement? Do you wish to proceed with the agreement(s) going forward?

It’s also important to review all your legal documents to ensure that you are abiding with recent policy changes, particularly those relating to workplace bullying and customer privacy. Do your company’s legal documents reflect these 2014 policy changes?

2. Is My Intellectual Property Protected?

Trademarks may not have previously been something your business considered, especially if you’re operating with a smaller team and haven’t have the time and resources to look into trademarking. It can potentially be a huge cost further on if you don’t have the right to use your business name.

Taking the time to run a free trademark search can save you from plenty of future headaches, while you can learn more about the importance of trademarks in our recent blog post.

3. Should I Make Changes to my Employee Policies?

Great employees are a vital asset to any business, and to ensure you’re best serving their needs it’s important to regularly review your policies and benefits. Consider the language you are using in the policies and what types you’ll need to put in place to best reflect your team’s needs.

If there have been any uncomfortable situations regarding workplace benefits or staff behavior then the New Year is a perfect time to review these policies and get everybody on the same page. For example, it’s important to have a well communicated Drugs and Alcohol Policy to ensure that your staff is aware of expectations at Christmas parties and other social events where they are representing your business.

Unsure where to start? Contact a LawPath consultant on 1800LAWPATH to learn more about customising legal documents, obtaining a fixed-fee quote from our network of 600+ expert lawyers or to get answers to your legal questions.

Dominic Woolrych

Dominic is the CEO of LawPath, dedicating his days to making legal easier, faster and more accessible to businesses. Dominic is a recognised thought-leader in Australian legal disruption, and was recognised as a winner of the 2015 Australian Legal Innovation Index.