Most business partnerships do not last forever. Each year Meridian deals with many disputes between business partners. Disputes often happen because the relevant documentation is unsatisfactory or out of date, resulting in the partners having different views on how to deal with commercial matters. Business partners part company for many reasons. They could simply wish […]
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Nurofen Specific Pain claims: Federal Court finds misleading conduct
In December last year the Federal Court ruled that Reckitt Benckiser (Australia) Pty Ltd (RB) engaged in misleading conduct in contravention of the Australian Consumer Law by representing that its Nurofen Specific Pain products were formulated to treat a specific type of pain, when in reality the products are identical. The Australian Competition and Consumer […]
Consider these fundamentals before purchasing a professional practice
If you are thinking about purchasing a professional services practice, whether it be a dentistry practice or other, there are a number of important matters to consider. In advising prospective purchasers, we sometimes see prospective purchasers get carried away with the idea of owning their own practice but do not properly consider some fundamental business […]
How healthy is your relationship with your business partners?
The relationship between most business partners does not last forever and it is rare to expect it to. Each year we deal with many disputes between business partners, whether they are co-owners of a business set up under a corporate structure or a traditional partnership. Just because partners decide to part ways, it does not […]