Personal Guarantees: 5 things you should know
Personal guarantees are quite common in commercial contracts, but they are often misunderstood. Here are five things to look out for.
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Letter of Demand
A letter of demand is a formal demand for action by a third party, most commonly seeking payment of a debt owed. Read more here.
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Contractual Warranties: Can an assignee sue for pre-assignment breaches?
Introduction An assignee is a person (or entity) to whom a right or liability has legally been transferred. In business, it’s quite common for parties to a commercial contract to...
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What do you need to know about the personal property securities register (PPSR) if you are purchasing or selling a business?
In our previous article, which can be found here (http://www.turnbullhill.com.au/personal-properties-securities.html), Gavin Hanrahan provided an overview of the most recent changes to the laws relating to the PPSR. That article also...
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What is required of an insured to comply with the duty to disclose set out in section 21 of the Insurance Contracts Act
What is required of an insured to comply with the duty to disclose set out in section 21 of the Insurance Contracts Act.
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What is the Unfair Dismissal High Income Threshold?
From 1 July 2017 the unfair dismissal high income threshold has been set at $142,000 (not including superannuation). An employee with annual earnings exceeding this amount is excluded from making...
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The Debt Recovery Process in NSW
An overview of the debt recovery and collection process in NSW, including the enforcement process. Contact us for more information about this process.
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Constructing your license agreement to meet your needs
If you are granting the licence (the Licensor), generally you would want the agreement, amongst other things, to: be fair and reasonable such that it represents good value for you...
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Capital Gains Tax Rollover Relief: A benefit for some, a potential liability for others!
An important consideration in a family law property settlement is Capital Gains Tax (“CGT”). CGT rollover relief provides that after separation, a spouse who transfers an asset (which would normally...
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Can you terminate an employee for being overweight?
Employees must be able to safely and competently perform the duties related to their role. If an employee becomes unable to do so, can the employer terminate them?
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