USEFUL TIPS FOR BUYING A BUSINESS
There are many things that need to be carefully considered when deciding whether to purchase a business. This is to minimise the risk of handing over a cheque at settlement and then finding out something later which makes you say, “If only I had known about xyz, then I would never have agreed to what I did”.
To lessen the risk of “buyer’s remorse”, in our experience the following tips have been very helpful to our clients: Continue Reading
RESPONDING TO THE ACCC’S RECENT STANCE ON UNFAIR CONTRACT TERMS
Recent actions taken by the Australian Competition and Consumer Commission (“ACCC”) suggest the ACCC is giving more attention to enforcing the unfair contract terms legislation. This serves as a timely reminder of the need to review your standard trading terms to ensure the protections you seek to rely on are drafted in a way which will stand up to legal challenge.
In the last few weeks, the ACCC commenced legal proceedings in the Federal Court against Netspeed Internet Communications (an internet service provider) alleging certain clauses in Netspeed’s standard trading terms are unfair to consumers and void under the unfair contract terms legislation. The terms in issue include those which, in effect: Continue Reading