The usual procedure in contracts for sale of land During the usual procedure for the exchange of contracts for a property, the purchaser gives to the vendor’s agent the cheque for the deposit. The deposit is consideration given by the purchaser to the vendor and it is what makes the contract valid. The amount can… Read More
Disclaimer: Since the publishing of this article, the New South Wales State Government has announced a 20 year plan to replace stamp duty with a property land tax. Please use caution if you are citing legislative material from this article as laws are subject to change. We recommend that you seek the most up-to-date law…. Read More
If you are a director of a company entering a commercial or retail lease, a landlord will likely require you to give a personal guarantee for the company’s obligations under the lease. In such cases, directors should fully comprehend the extent of the guarantee they are providing and obtain appropriate legal advice to minimise financial… Read More
What is a Shareholder’s Agreement? A shareholder’s agreement is essentially a corporate pre-nuptial agreement. It sets out the rights and obligations of shareholders or members in their ownership of a company. It is not compulsory but it is prudent to have one before you start a company with another person, in order to avoid disputes… Read More
An employer’s potential liability for workplace discrimination arises before the first interview and exists whether or not a decision is made to hire a person. A job interview is integral to the recruitment process and provides an opportunity for the employer to ask questions, check credentials and determine a prospective employee’s suitability for a position…. Read More