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The biggest dilemma faced by infant companies is a lack of operational cashflow. Setting up a new business offering and effectively launching it onto the market is a tremendous undertaking. It takes considerable time, effort and above all, money to grow a business. Unexpected expenses are the norm and traders often find themselves having to decide between competing priorities. Unfortunately, for too many young novice traders, there just isn’t enough money to go around. Consequently, many new traders neglect to invest in back-end legal processes because they simply cannot see the short term value in doing so.

Back-end legal support is certainly seen as a necessity, but it is equally seen as a necessity that can be put off until the business begins to operate on a larger scale. There seems to be an unfounded misconception that small businesses are immune to legal suits. At the very least, it is seen as an insignificant risk from a cost-benefit analysis point of view. The truth is that no business is immune from legal action, least of all small businesses whose operational practices often arise from ad-hoc and situational decision making. Building business processes “on the fly” is a surefire recipe for disaster and thus is it imperative that organisations invest in well drafted legal documents. I know what you are thinking. “That’s all well and good but it doesn’t change the fact that drafting a suite of legal documents is expensive and a luxury many businesses simply cannot afford!”. Having a suite of legal documents drafted to suit your purposes does not have to cost an arm and a leg. LegalVision works with you and for you. We are dedicated to assisting businesses of all shapes and sizes, including infant companies and sole traders, with high quality tailored contract drafting solutions at competitive market prices.

Fixed fees

Generally, legal firms charge by the hour. We, however, work on a fixed-fee basis. This means that you know what the costs will be, and there are no hidden charges.

Precedents

How do we maintain our competitive pricing? We have a wide range of precedents that we can draw from. Our precedents have been drafted by lawyers who have worked in some of the leading Australian and international law firms. Drawing from a wealth of knowledge and experience gained over dozens of years of practice, our lawyers have been able to create precedents that are consumer friendly, easy to understand, legally sound and will provide you with the utmost protection.

Bespoke Terms

Having sound precedents allows us to concentrate on the things that matter. Working with templates that already establish the basic mechanics of a contractual arrangement, our lawyers are able to focus on drafting bespoke terms. Bespoke terms are clauses specifically drafted to meet your particular circumstances, business needs, operational requirements, and so on. No two business offerings are alike; accordingly no two contracts should be identical. We understand this and are committed to ensuring that we tailor documents to meet your present and future needs.

Turnaround

Working with templates also allows us to cut down on our turnaround time significantly. From the moment we receive your instructions we can generally draft a suite of documents for you within five (5) business days.

Amendments

Like their trader counterparts, businesses are constantly growing and evolving. Business practices that were feasible and effective twelve (12) months ago may have become outdated or inefficient due to the advent of new technologies, changes in consumer preferences or due to the entrance of new competitors into the marketplace. Accordingly, traders must keep up with ever-changing industry conditions. Changes to a business’ operational processes must also be reflected in the business’ backend legal support processes. We at LegalVision are experienced in reviewing and upgrading contractual agreements and operational documents. As with drafting documents, we can review and upgrade your documents at a fixed fee price and generally within five (5) business days.

Preventing Misunderstanding

Properly drafted legal agreements are highly valuable to business, particularly if you wish to avoid a commercial transaction ending up in court. More often than not, parties litigate because one or both sides have failed to meet their contractual obligations. A failure to meet one’s contractual obligations does not have to be intentional; it can also arise due to a misunderstanding, miscommunication and poorly drafted contractual terms that give rise to uncertainty and ambiguity of meaning. Having property drafted legal contracts promotes certainty of meaning, ensures that all parties are aware of their obligations under the agreement and ultimately reduces the likelihood of the parties having to proceed to litigation. Should a dispute arise, contracts can also provide for pre-litigious dispute resolution processes such as mediation and/or arbitration.

Cost Savings

Preventing misunderstandings and the potential for disputes at the outset provides long-term cost benefits for companies and sole traders alike. Litigation is time consuming and very costly. Being able to resolve complaints by adhering to pre-litigation dispute resolution procedures that both parties have agreed to adhere to via their contractual undertakings reduces the likelihood of having to resort to costly court processes. Litigation is risky and even if you are the successful party, there is no guarantee that you will be able to recover the entire sum owed to you or even enough to cover your legal expenses.

Key Takeaways

If you would like to know more about what we can do for you, the range of documents that you may require or our capacity to review and upgrade your current agreements, why not call our friendly team of LegalVision lawyers to see how we can be of assistance. We would be happy to answer queries that you may have. Don’t delay, take the hassle out of contract drafting and call us today on 1300 544 755.

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About LegalVision: LegalVision is a commercial law firm that provides businesses with affordable and ongoing legal assistance through our industry-first membership.

By becoming a member, you'll have an experienced legal team ready to answer your questions, draft and review your contracts, and resolve your disputes. All the legal assistance your business needs, for a low monthly fee.

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Our Awards

  • 2020 Innovation Award 2020 Excellence in Technology & Innovation Finalist – Australasian Law Awards
  • 2020 Employer of Choice Award 2020 Employer of Choice Winner – Australasian Lawyer
  • 2020 Financial Times Award 2021 Fastest Growing Law Firm - Financial Times APAC 500
  • 2020 AFR Fast 100 List - Australian Financial Review
  • 2021 Law Firm of the Year Award 2021 Law Firm of the Year - Australasian Law Awards
  • 2022 Law Firm of the Year Winner 2022 Law Firm of the Year - Australasian Law Awards