Every business owner goes after the low hanging fruit, whether that be to bring in more sales or improve efficiency in operations. And although the world of business law has many different requirements, there are a few actions you can take straight away to start putting some legal infrastructure around your business.

Here are three things you can do to get maximum protection for your business in a short time:

1. Privacy Policy

A Privacy Policy covers how your business deals with information collected through your website. Besides staying compliant with Australian privacy laws, having a Privacy Policy is the best way to inform and reassure users of your website about how you treat their personal information. Get started now.

2. Non-Disclosure Agreement

When you’re sharing confidential information about your business, especially trade secrets, it’s vital that it doesn’t fall into the wrong hands.A Non-Disclosure Agreement protects your confidential information by legally preventing the other entity/party from revealing it without your formal approval. Get started now.

3. Intellectual Property Agreement

After setting up your business, it’s essential that each co-founder (and anyone else who worked with you) transfers their intellectual property (IP) to the company. IP contributes significantly to a start-up’s value, and having an IP Agreement reassures your investors that your company owns the IP. Get started now.

 

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.