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Consequences of bankruptcy include loss of assets, impact on credit rating, and restrictions on obtaining credit.;You may also face limitations on running a business and certain travel restrictions.

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Disputes over contracts, partnerships, intellectual property, and shareholder issues are common.;Other disputes can include fraud, breach of fiduciary duty, and unfair competition.

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Disputes between shareholders and directors can be resolved through mediation, arbitration, or litigation, depending on the nature and severity of the conflict.;The Corporations Act 2001 provides legal avenues for sha...

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Common challenges include maintaining consistency across franchises, managing relationships, and ensuring compliance with legal requirements.;Franchisees may face challenges such as high initial costs, strict operatio...

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Bankruptcy significantly impacts your credit rating, making it difficult to obtain credit in the future.;The record of bankruptcy remains on your credit report for up to five years or longer in some cases.

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The Fair Work Commission assists by resolving disputes through mediation, conciliation, and arbitration. It also sets minimum wages and employment conditions through modern awards.;The Commission ensures compliance wi...

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Starting a franchise involves researching potential franchises, obtaining legal and financial advice, and signing a franchise agreement.;You must also ensure compliance with Australian franchising laws and regulations...

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The Australian government recognizes Aboriginal rights through policies, legislation, and land rights frameworks.;Recent initiatives include the establishment of reconciliation programs and support for Aboriginal comm...

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A commercial litigator manages the case, represents the client in court, and provides legal advice.;They also handle negotiations and aim to achieve a favorable outcome for the client.

Ask a Childrens Law lawyer in Narrabeen

Section 51 of the Australian Constitution outlines the legislative powers of the federal Parliament, including areas such as trade, taxation, and defense.;This section is significant because it defines the scope of fe...