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Cross-border transactions offer Australian businesses valuable opportunities for growth, market expansion, and increased revenue. However, these benefits come with legal and financial complexities that must be carefully managed. Navigating varying international legal frameworks, tax obligations, and cultural differences is essential to ensuring a compliant and successful transaction. With thorough due diligence and a clear implementation strategy, businesses can mitigate risks and capitalise on the full potential of cross-border ventures.

An IP audit is a systematic review of a company’s intellectual property assets, such as patents, trade marks, and trade secrets. It helps businesses understand their IP portfolio, identify risks and opportunities, and develop a strategy. Key components include compiling an inventory of IP assets, verifying ownership, reviewing documentation, and analysing potential infringement risks.

A director, as defined by the Corporations Act 2001, includes officially appointed directors, de facto directors, and shadow directors. They must act in the company’s best interests, avoid conflicts of interest, and not misuse their position. Key duties include acting with care and diligence, in good faith, and preventing insolvent trading.