Terms and Conditions
Terms and conditions – does anyone even read them? Yes!
The terms governing your business’ arrangements are more important than you think. Getting your terms and conditions right can save you enormous headaches later down the track if things don’t go according to plan. Unfortunately, many businesses fail to address this important aspect of customer agreements until it is too late and assets have vanished or messy litigation is pending.
Protect your business with great Terms and Conditions
Well drafted terms and conditions can protect your business by:
- Allowing your recovery of your costs if you take legal action against a debtor
- Allowing registration of security interests on the Personal Properties Securities Register
- Making a director personally liable for a debt
- Enabling registration of a caveat to ensure repayment of a debt
- Clarifying termination rights
- Not giving unnecessary warranties
- Compliance with new ‘unfair contracts’ legislation
Our clients have successfully sued on terms and conditions that we have drafted – and won. Don’t put off updating your terms and conditions until it’s too late.
Business Law Menu
The Australian Securities & Investments Commission (ASIC) is working with the Australian Business Register (ABR) to retire the use of trading names in Australia. After 31 October 2018, trading names will no longer be displayed on the ABR (including the ABN Lookup). Trading names in the ABR A trading name refers to an unregistered name that businesses could use before the…Read More
The Australian Consumer Law (ACL) has been amended to increase the maximum penalties that can be handed down for breaching the ACL. The increase came into effect on 1 September 2018. Previously, companies faced a maximum penalty of $1.1 million per consumer law breach and individuals faced a maximum penalty of $220,000 per breach. The amendments are…Read More