Commissioner Kenneth Hayne’s Final Report in the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry (the “Final Report”) was presented to the … [Read more...]
“Best Endeavours” and “Reasonable Endeavours” Obligations in Commercial Contracts
Commercial contracts often impose obligations on a party to use their “best endeavours” or “reasonable endeavours” to perform a particular contractual obligation. For example, in a contract for the … [Read more...]
The Importance in Conducting Proper Due Diligence during a Business Sale
Businesses come in many different shapes, sizes and structures. Acquiring an existing business can often be far easier than launching a start up from scratch, especially where the Buyer is new to the … [Read more...]
Increased Penalties for ACL Breaches
On 18 September, legislation increasing penalties under the Australian Consumer Law (ACL) came into effect. The Treasury Laws Amendments (2018 Measures No.3) Bill 2018 (Cth) (the “Bill”) has amended … [Read more...]
How can a Restraint of Trade Clause affect your business?
Restraint of trade clauses are prevalent in all industries throughout Australia and the majority of Australians will be exposed to such clauses at some stage of their working lives. Through the use … [Read more...]
Crowd Source Funding in Australia
A Brief History of Crowdfunding Crowdfunding, a method of fundraising by collecting many small contributions from across a large number of investors via an online funding platform, has been a tool … [Read more...]