Mahoneys’ Partner Amy O’Donnell was recently featured in Resort News, sharing her expertise on one of the most critical – and commonly misunderstood – areas of management rights: options, top-ups, variations, and extensions.

It is a topic that arises regularly in practice, and for good reason.

Getting it wrong can have serious consequences. If an option is not properly exercise, the management rights agreements will come to an end.

In her article, Amy covered:

• The difference between exercising an option and topping up agreements.
• How and when written notice must be served (and why email may not be sufficient).
• Why top-ups are essential to the value (and saleability) of the business
• The key dates and information every caretaker should have on hand.

Whether a new entrant or an experienced business owner, this is a business risk that cannot be overlooked.

You can read a copy of Amy’s article here.

Not sure what your key dates are? Reach out – feel free to contact us, we would be happy to review your agreements and confirm the key dates you need to be focus on.

Mahoneys is one of Australia’s leading management rights law firms, with a team of industry-leading lawyers, that has supported the management rights industry for over 20 years.

The firm and its lawyers have been recognised in Doyle’s Guide to the Australian Legal Market and Best Lawyers in Australia for property law.

Written by Mahoneys

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