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Terms of Trade are important for businesses because they record the terms on which you provide goods or services to your customers. It constitutes a contract between you and your customer. Without Terms of Trade in place, you can be left with limited legal recourse against your debtors. Good Terms or Trade improve your chances of recovering bad debts.
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Have you ever visited a provider of goods with cash and have them refuse to take it stating, “we only take payWave,”? Well I have visited several bars in Adelaide and had this happen to me. It spurred me onto investigating whether a provider of goods can legally refuse cash as the customer’s legal tender.
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Calderbank v Calderbank Calderbank v Calderbank [1975] 3 All ER 333 (EWCA) was a decision of the English Court of Appeal that has had a significant impact on Australian Law; this decision is the origin of the term ‘Calderbank Offer.’ But before we go through what a ‘Calderbank Offer’ actually is, let’s take a look at the case itself: Mr…
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Your business could be at risk for defamation action if comments left on your Facebook page or Instagram are defamatory, yes even if you didn’t know they were there. Since a recent High Court judgment, now you not only have to comply with all your other legal obligations as a small business, your Social Media accounts have just become a…
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Unlike many taxes which are generally passive in nature, the New Land Tax provisions allow you to make a number of active choices including nominating a designated beneficiary of a Discretionary Trust, Notifying the Commissioner (or not) of Unit Holders of a unit trust, or choosing who will be the director of a land owning company. All these choices, and…
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