A short guide for business transactions: Should you use a deed or an agreement?
Most commercial transactions are set out in a contractual agreement. Generally, for the contractual agreement to be binding, there must be ‘consideration’. For example, A agrees to purchase a car from B. The consideration here will be money for the... Read More →
Debt Recovery
Cash flow is a concern for every business, and unpaid debts can have a huge impact on the bottom line. If you’re in this situation, it’s worth knowing that a letter of demand on legal letterhead is often very effective:... Read More →
Personal Liability of Company Directors
Using a corporate entity to operate a business is by far the most popular business structure, and for good reason. They are inexpensive to set up, you can trade in your own name and, crucially, a company has limited liability.... Read More →
Changes to Power of Attorney legislation in Victoria
In Victoria, from 1 September 2015, the previous four types of Powers of Attorney – General, Financial, Medical Treatment and Appointment of Enduring Guardian – have been reduced to three. 1. Non-enduring (replaces General) Non-enduring Powers of Attorney are for... Read More →