Who owns the IP on product improvements?
The very real situation is often this: 2-3 friends decide to create a world changing product together. Time passes, where the product becomes improved or modified, there are more people interested in their product, there may be more money on the line & increasing pressure from others wanting their attention (i.e. investors, customers, staff, family) etc. Overall, the priorities of the friends can change where they may drift apart. One or all of them may even want to leave the business and ...
May 26, 2022What is a Phantom Share Scheme?
Quite often, particularly in growth stage companies, we will hear business owners wanting to: Retain staff 🌟Reward staff 🌟Attract staff 🌟 Traditional employee share schemes can be found in many businesses as a solution to keep staff happy. Although, how they operate can be confusing for employees (and sometimes the employer) which can lead to the business forgetting how it all works soon after the scheme is implemented. Hence some companies are considering an alternative...
April 13, 2022There's NY resolutions, but what about Company resolutions?
Hello 2022! NY resolutions has also got me thinking about another type of resolution being Company Resolutions (or Trust Resolutions or Limited Partnership Resolutions). These are fairly important documents, that may not garner the attention that they deserve. The word “resolution” is referred to in the Companies Act 1993 a whopping 348 times. To emphasise the purpose or importance of resolutions, I found a great description below that I couldn't have said be...
January 11, 2022What's the difference between a warranty vs. indemnity?
Deciding which warranties & indemnities to include in a sale & purchase agreement is one of the most involved & heavily negotiated issues of a merger or acquisition (as well as the purchase price). Generally, vendors will want to limit what warranties & indemnities they give & purchasers will want to maximise what warranties & indemnities they receive. ...
November 25, 2021Achieving board diversity: looking to success stories & statistics
As businesses look to more innovative & sustainable ways of doing business, achieving board diversity can be a great starting point where insights can be translated down to management and the wider team. From success stories around the globe, there would appear to be plenty of ways NZ’s SMEs can achieve diversity (even sole directors). Let’s check it out!...
October 11, 2021Do I buy the business or the shares?
Sometimes a manager or an executive will look to buy out existing owners or take over a new business. In these cases, there may be the question of whether one buys the shares or the business assets outright. Before we delve into 3 things to help determine which one could be best, let's check out some big picture similarities and key differences between a share sale vs. business sale......
September 28, 2021Why would a company consolidate or subdivide their shares?
Long answer short, it’s when you want a more appropriate and comparable share price to others in your industry....
September 22, 20215 Steps to Capital Raising
Capital raising can be very exciting. Although, with increasing compliance requirements and calls for transparency across NZ’s financial markets, it can create uncertainty on how to proceed. Particularly for businesses raising capital for the very first time. Let's look at 5 typical steps to a capital raise!...
September 15, 2021Do funds & investors need to consider climate change?
We have seen floods, earthquakes, storms & fires. Where the NZ financial industry has taken some great steps towards addressing climate change events and associated risks. Let's see what's been happening recently... Investment Activity: Rise of climate-related funds & consumer expectations.Law Reform: Financial Sector (Climate-related Disclosure and Other Matters) Amendment Bill.Contract Development: Chancery Lane Project's development of climate-related clauses. ...
September 8, 2021Top 5 things to know about being a director
Did you know that in NZ we have just under 1.1 million active and registered directors? NZ is consistently voted and regarded as the one of the easiest places in the world to do business. Where it is the directors who lead these companies by being at the helm of day to day management. So whether you’re an existing NZ director or thinking about being one, here are JH LAW’s top 5 things to know about being a director. Let’s get into it!...
September 3, 2021Should I be able to read financial statements?
With over half a million NZ businesses (557,680 as of Feb 2020) largely being private, financial statements are likely the best information you’ll get about a business that you’re interested in. ...
September 1, 2021Top 5 things to know about being a shareholder
Investment in shares is a topic of huge interest at the moment....
August 9, 2021 Posts 1-12 of 12 | Page