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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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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The most important provision of a shareholders’ agreement is the exit provision
There can be no doubt that if you are a shareholder and a party to a shareholders agreement, written or verbal, that one day you will exit the shareholders agreement…...
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What types of deadlock clauses are used in Shareholder Agreements?
A deadlock clause is a provision to resolve a situation where there is a major disagreement between shareholders, but no side has the majority vote. A shareholder agreement should include...
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Effective Exclusion Clauses in Commercial Contracts: 2 Lessons for Business Owners
Exclusion clauses must be explicitly agreed upon by both parties and must form part of the contractual terms for them to be effective. For exclusion clauses to be effective they...
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Business Contracts: The Devil is in the Details
We’re all guilty of overlooking the fine print of legal documents, agreements and contracts on occasions, particularly when it comes to dealing with telecommunications, utilities and credit providers. Overlooking the...
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Supply Contracts and Terms of Trade
An informative article that covers supply contracts and terms of trade. For more information please contact Turnbull Hill Lawyers in Newcastle.
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Don’t let your customer’s Purchase Order set your terms of trade
If you supply goods and services based on receipt of a written Purchase Order, make sure you understand and are comfortable with agreeing to the terms of the Purchase Order.
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