Legal Audits
Do you know where the legal risks are in your business? Many business owners have contracts, agreements and business arrangements in place without knowing if they still provide the protection they need.
At Rise Legal, our Business Legal Audit helps you identify potential legal risks, understand areas that may need attention and prioritise practical steps to protect your business.
During a one-on-one session, we’ll discuss your business operations, existing legal arrangements and areas of concern. You’ll receive a written report outlining the key risks identified within the agreed scope, together with recommendations for addressing them.
We offer this service for an agreed fixed fee, with offices on the Gold Coast, in Perth and Sydney, assisting businesses across Australia.
What Your Legal Audit Includes
- A one-on-one consultation.
A discussion about how your business operates.
Identification of key legal risks within the agreed scope.
A written report outlining the top five identified legal risks.
Practical recommendations and next steps.
Areas We Can Review
Business structure and ownership arrangements.
Terms and conditions and customer contracts.
Payment terms and commercial obligations.
Trademarks and intellectual property.
Employment and contractor arrangements.
Commercial relationships and agreements.
What Is a Business Legal Audit?
A Business Legal Audit is a structured review of selected legal arrangements and risks affecting your business.
It can help business owners identify gaps in their contracts, ownership arrangements and other commercial documentation before those issues create unexpected costs or obligations.
At Rise Legal, our Legal Audit is designed to provide a practical starting point for understanding and prioritising legal risks. It is not an exhaustive review of every legal or regulatory obligation affecting your business.
When Should You Consider a Legal Audit?
A Legal Audit can be useful at different stages of your business, particularly when:
- You’ve been operating for several years without reviewing your legal documents.
- You’re bringing in business partners, shareholders or investors.
- You’re expanding your services, entering new markets or franchising your business.
- Your customer terms and conditions no longer reflect how your business operates.
- You’re engaging employees or independent contractors.
- You’re concerned about protecting your brand or intellectual property.
- You’re preparing to buy, sell or restructure a business.
What Happens After Your Legal Audit?
Following your consultation, we’ll provide a written report setting out the key legal risks identified within the agreed scope and recommendations for addressing them.
Some recommendations may involve updating existing agreements, preparing new contracts, reviewing business ownership arrangements or obtaining further advice on specific legal matters.
Where additional legal work is recommended, Rise Legal can discuss the available options and provide a separate fixed-fee proposal for an agreed scope of work.
You can then decide which recommendations to proceed with and when.
Frequently Asked Questions About Legal Audits
Does every business need a Legal Audit?
Not necessarily. However, reviewing your legal arrangements periodically can help identify documents or obligations that may no longer reflect your business operations.
Does a Legal Audit include reviewing every contract?
No. The documents and matters covered depend on the scope of the service. A detailed review or redrafting of individual agreements may require a separate engagement.
Will a Legal Audit identify every legal risk?
No. The audit is limited to the information provided, matters discussed and agreed scope of work. It is intended to help identify and prioritise relevant legal concerns, rather than provide a comprehensive legal compliance certification.
Can Rise Legal help implement the recommendations?
Yes. Where the recommended work falls within our commercial legal services, we can discuss the next steps and provide a separate fixed-fee proposal.
Can businesses outside Queensland book a Legal Audit?
Yes. Rise Legal assists businesses across Australia, with offices on the Gold Coast, in Perth and Sydney. Consultations can be conducted remotely.
Book a Business Legal Audit with Rise Legal
Want a clearer understanding of the legal risks affecting your business?
Our Business Legal Audit provides an opportunity to discuss your business arrangements, identify areas needing attention and develop practical next steps.
Call 1300 064 707 or contact Rise Legal to discuss booking a Business Legal Audit.
Disclaimer: The information provided on this page is general in nature and is intended for informational purposes only. It does not constitute legal advice and should not be relied upon as a substitute for advice tailored to your specific circumstances. We recommend seeking independent legal advice before making any decisions based on this information.