Elements and Performance Criteria
- Establish legal structures for businesses or projects
- preference of interested parties
- requirements of funding bodies
- structure of the industry
- subsequent ownership transfer considerations
- Comply with statutory and regulatory requirements
- Ascertain the statutory and regulatory requirements affecting the way the business operates and take appropriate steps to ensure adequate cover and full compliance
- Identify the insurance requirements fully to ensure cover and minimise risk
- If required, secure registration of the business in accordance with owner/operator preferences and legal requirements
- Investigate any specific legal questions of particular relevance to the industry
- Maintain legal documents accurately and securely, keep relevant records and update to ensure their ongoing security and accessibility
- Establish rights to materials, products/services
- Seek information on any procurement rights needed to ensure that the implications are fully understood
- Explore conditions applying to materials, products and services fully to ensure compliance with legal and contractual requirements
- Identify fully the cost of procurement rights to materials, products and services and include in ongoing financial planning
- Explore fully the rights and responsibilities applying to use of products, materials and services to ensure accurate information is communicated to customers
- Seek legal advice on contractual rights and obligations as required, to clarify liabilities
- Secure rights to materials/products/ services