Last month, we discussed the ways in which a company can respond to a statutory demand. But what happens if the strict 21-day deadline to apply to set it aside is missed? If the deadline passes without action, the company is legally presumed to be insolvent. A creditor is able to rely on that presumption [...]
A statutory demand is a serious legal notice. It is not a routine request for payment, and should not be ignored or procrastinated over. Companies failing to respond to a statutory demand within a fixed prescribed timeframe may face winding-up proceedings. A statutory demand is a formal demand for payment issued under section 459E of [...]
If you’ve ever been involved in a legal dispute, you’ve probably seen the words “without prejudice” stamped across a document, letter or email. But what does it actually mean? In simple terms, “without prejudice” protects settlement discussions from being used against you in court. It creates a safe space for negotiation, so you can make [...]
Why This Issue Hits Home for Every Entrepreneur Running a business—whether you’re a solo operator or leading a small-to-medium team—means making thousands of decisions and managing endless moving parts. Yet one area many entrepreneurs overlook is also one of the simplest to fix: having clear, written Terms and Conditions (T&Cs). Maybe you’ve been there: a [...]