If you are planning on running a local or national competition for customers as part of your business, it is important that you do your homework as each state and territory has its own special requirements for the operation of trade promotion competitions in Australia.
An executor plays an important role in carrying out the wishes of a person after they die. Executing a will can be a complicated process so it is important to understand the duties and obligations that the role entails.
If the court has made an order that someone owes you money and they do not pay, the law provides certain tools to enable you to enforce the judgment for payment. That is, there are a number of ways the law allows you to attempt to obtain payment of the judgment amount from an individual.
In the post-GFC environment, pressure remains on businesses to maintain liquidity and compete. However sometimes despite their best efforts, company directors have to make the hard decision to place their company into voluntary administration.
The Building and Construction Industry Payments Act regulates payments and payment disputes for all commercial construction contracts in Queensland. To gain protection under the Act and ensure you receive payment for work undertaken, you must adhere strictly to the Act’s provisions and procedures.
In certain circumstances a contract will be legally enforceable despite not having been signed by one or more of the parties to the contract. It is important to understand your rights and obligations under a contract and when a legally binding agreement has been reached.
With a number of commercial tenants falling into financial difficulty in recent times, it is important for commercial landlords to understand their rights under a lease and the options they have available to them should their tenant become insolvent or enter administration.
A failure to draft a will, or amend an existing will when your circumstances change, can lead to serious consequences and emotional and financial hardship for your family and loved ones. For peace of mind, a valid and up-to-date will should be prepared to ensure your estate is dealt with in accordance with your wishes.
On 12 November 2016 changes to the Australian Consumer Law come into effect regarding what will be considered an unfair contract term in contracts with small businesses.
Recent court decisions have held that a guarantor may not be held liable under a guarantee if it can be proved that the terms of the contract were changed without notifying the guarantor.