When drafting a contract for the sale of business, there are some key terms to be on the lookout for. Here's our guide to some of the most common terms you might come across: • Payment provision: The consideration and payment structure should be agreed between the parties. Your payment provision should cover whether a [...]
The purchase of a home is a big commitment. Likewise, renovation or building works to such properties also involve large lots of energy, time and expense. Building and construction works by their very nature are complex, with many moving pieces. There are ways however, to minimise potential issues. Firstly, for domestic building works that are [...]
A common mode of entering into a new business with co-investors/partners is through the establishment of a new proprietary limited company in which each party holds shares equivalent to their proportional ownership. But what rules govern the interaction between the new business partners and what rights do they have in the operation of the company [...]
Often in entering into a new commercial lease, the landlord will insist that the tenant offer a separate personal guarantee, particularly where the tenant is a company or an individual with little to no assets. A personal guarantee is basically a legally enforceable personal promise made by an individual to the landlord guaranteeing the obligations [...]
