Why the dispute resolution clause in your contracts is important (A.K.A. Everyone is friends until they’re not!)

In preparing commercial contracts a clause will often be inserted (generally at the prompting of the drafting lawyer) to provide a procedure for dealing with disputes. Often, very little consideration is given to such clauses as parties to the contract are (quite understandably) more excited and focused on the project at hand and the best [...]

2019-02-05T21:37:10+00:00February 5th, 2019|Business Advice, Business Partnerships, Contracts, Corporate Advisory, Dispute Resolution|Comments Off on Why the dispute resolution clause in your contracts is important (A.K.A. Everyone is friends until they’re not!)

When Heads of Agreement Fail

THE RECENT CASE OF CASDAR PTY LTD V JOSEPH FANOUS[1] reminds us of the hazards of non-binding and informal agreements. In that case, a Landlord, relying on a signed Heads of Agreement as the source of his rights, sought damages against a tenant. The court dismissed the claim on the basis that the Heads of [...]

Start Strong, Choose the Right Business Structure for Your Startup

Thinking of starting a business? One of the first administrative steps is to decide upon your business structure. The business structure you choose will impact upon your startup costs, how much tax you pay, your personal liability, your control over the business and ongoing administrative expenses. Start on the right foot by seeking legal advice. [...]

2017-12-06T00:28:44+00:00December 5th, 2017|Business Advice, Business Partnerships|132 Comments

Caution Over Bankruptcy and Insolvency Law Changes

The federal government has launched reforms to bankruptcy and insolvency laws which are expected to be legislated mid-2017.  They have the potential to make it easier to bounce back from a business failure, including changing the default period for personal bankruptcies from three years to one year. Recognising that not all bankruptcies occur due to misfortune or innocent [...]

2017-06-26T15:55:18+00:00May 1st, 2017|Business Advice, Business Partnerships|9 Comments