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Aussie SMEs to receive ‘business boost’ from boutique law firm
A boutique commercial law firm has introduced a new tool which is set to benefit the Australian SME and start-up sector.
Emma Musgrave
Sydney-headquartered commercial law firm Source Legal has introduced free one-page legal contracts in an attempt to “strip out complexity to provide clear, easy-to-use and legally binding contracts” for SME businesses.
Speaking about the decision to roll out the tool, Source Legal said the SME and start-up space is crying out for a solution to their “widespread problem” of not being able to have in-house legal counsel.
The firm explained that typically the SME and start-up community has to rely on external lawyers to create and review legal contracts for simple day-to-day matters, something it notes as “unnecessary”.
According to Stanislav Roth, managing director of Source Legal, SMEs have long battled needless legal complexity in routine business matters.
“Business contracts – even for simple things like confidentiality or consultancy services – tend to be unduly long and complex, and are often incomprehensible for small businesses. This doesn’t need to be the case,” Mr Roth said.
“Our innovative solution means SMEs and start-ups no longer need to engage in expensive legal services for a set of standard business contracts. We’re making these unique one-page contract templates available free of charge. And because they’re straightforward and easy to use, small businesses can use them without needing any additional legal review.
“This unique service underscores Source Legal’s commitment to providing practical and simple legal solutions to SMEs.”
Source Legal head employment lawyer Sean Melbourne echoed this sentiment.
“When we initially set ourselves the goal of reducing long contracts to just one page, we were excited by the challenge. Then we realised just how much there was in a traditional contract that just didn’t need to be there,” he said.
“The more simple and clear we make it for our clients, the better.”
Emma Musgrave
Emma Musgrave (née Ryan) is the managing editor, professional services at Momentum Media.
Emma has worked for Momentum Media since 2015, including five years spent as the editor of the company's legal brand - Lawyers Weekly. Throughout her time at Momentum, she has been responsible for breaking some of the biggest stories in corporate Australia. In addition, she has produced exclusive multimedia and event content related to the company's respective brands and audiences.
Prior to joining Momentum Media, Emma worked in breakfast radio, delivering news to the Central West region of NSW, before taking on a radio journalist role at Southern Cross Austereo, based in Townsville, North Queensland.
She holds a Bachelor of Communications (Journalism) degree from Charles Sturt University.
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