As we approach the end of the financial year, it’s the perfect time for business owners to take stock and do a legal healthcheck. Legal risks don’t always arrive with a warning – they tend to build quietly in the background through outdated contracts, compliance oversights, or forgotten renewal dates.
At MST Lawyers, we’ve seen how small legal gaps can turn into costly issues. A quick review now could save you significant time, money, and stress later.
That’s why we’ve created a Mid-Year Legal HealthCheck Survey – a simple tool to help you spot potential red flags and take proactive steps before June 30.
👉 Click here to complete the survey now.
It only takes a few minutes and could help you identify areas that need attention before EOFY.
1. Contract Review
When was the last time you reviewed your key business contracts?
- Are they still commercially and legally appropriate for your business in 2025?
- Have your pricing, service scope, or terms changed?
- Are there expiry, or renewal dates coming up?
Now’s the time to review and renegotiate terms, update clauses, and ensure you’re not locked into arrangements that no longer suit your business goals.
2. Compliance Check
Legislation moves quickly – especially in employment law, privacy, and consumer law.
- Are you complying with recent changes in workplace laws or award obligations?
- Have your privacy policies and data handling processes been updated to reflect new standards?
- Have you reviewed any standard form contracts for unfair contract terms?
- Are you meeting your record-keeping and reporting obligations?
An internal compliance audit – or a legal check-in – can reveal gaps before they become costly penalties or cause reputational issues.
3. Employment Agreements & Contractor Arrangements
The Fair Work landscape is evolving.
- Are your employment agreements up to date with current entitlements, casual conversion rules, and the right to disconnect?
- Are your contractors correctly classified and documented?
If your team has grown or changed recently, now is a good time to update your contracts and policies.
4. Business Structure & Governance
Your legal structure should still support your strategy.
- Are your shareholder agreements, constitutions, and company registers current?
- Have there been any ownership changes, directorship, or structural changes that need documentation?
- Are your annual meeting minutes and resolutions complete?
Getting governance sorted now means fewer admin headaches during tax time or if you’re looking to raise capital or sell.
5. Intellectual Property Protection
Your brand is one of your most valuable business assets, protect it.
- Are your trademarks registered in the correct name or entity?
- Have you created any new products, content, or designs worth protecting?
- Are your domain names and software licences secure?
Don’t wait until your IP is challenged or copied, secure it now.
6. Estate & Succession Planning
If you’re a business owner, your estate plan should reflect your business interests.
- Have you updated your Will or Powers of Attorney recently?
- Is there a succession plan in place if you’re unable to continue operating?
Your clients, team, and family rely on you to plan ahead.
Next Steps
This checklist isn’t just a formality – it’s a practical tool to manage legal risk and protect your future.
✅ Complete the Mid-Year Legal Health Check Survey now
✅ Identify what’s on track and what might need attention
✅ Let our team support you in reviewing and updating your legal foundations
At MST Lawyers, we work with businesses across all industries to stay compliant, protect assets, and plan for growth.
Let’s make FY2026 your strongest yet. Start your legal health check now.
