Contracts are the basis of business relationships, but many small business owners are not familiar enough with contracting at an individual level to get the most out of it. These 4 hot tips will help you avoid common mistakes and pitfalls. Common mistakes when drafting contracts #1: Write the First Draft Yourself As much as…
The Australian Competition and Consumer Commission (ACCC) has released a new warning to small businesses to be wary when entering into contracts with telecommunication companies that bundle a telecommunications service and call credit with what is perceived to be ‘free’ equipment. The warning makes note that many of the agreements being signed by the smaller…
The fitness industry is one of the fastest growing in the Western world, especially when it comes to gyms and gym memberships, which cost several hundred dollars for a subscription of a few months. For most users of gym services, the standard arrangement is to sign up for a subscription and the gym fees are…
A limitation in Australian contract law is that a clause that seeks to impose a penalty on a contracting party cannot be enforced against that party. A penalty is a condition of a contract where a party who breaches the contract (usually for late payments of goods or services supplied) would be fined (or penalised)…
An international business will need to keep in mind the legal aspects of going global and the various laws governing international trade and investments, from policies introduced by the World Trade Organisation (WTO) to the rules contained in the General Agreement for Trade and Tariffs (GATT) and Trade-Related Intellectual Property Rights (TRIPS) and legal principles…