Personal Guarantees: 5 things you should know
Personal Guarantees: 5 things you should know A personal guarantee is a promise made by the person giving the guarantee that they will meet the obligations of a person...
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7 tips to improve your business cash flow
7 tips to improve your business cash flow Cash flow is the life blood of any business. Therefore, business owners have to be obsessive about managing cash flow. Now...
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5 reasons why a buy and sell agreement is crucial for your business
Your business might be in good hands today, but what happens if adversity comes your way? A buy and sell agreement might come in handy. Even if you’re confident...
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Letter of Demand
What is a letter of demand? A letter of demand is a formal demand for action by a third party. While a letter of demand may seek that the...
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Contractual Warranties: Can an assignee sue for pre-assignment breaches?
Take-away Message Can an assignee sue for pre-assignment breaches? Yes, unless the terms of the commercial contract specifically state that they cannot… Introduction An assignee is a person (or...
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What do you need to know about the personal property securities register (PPSR) if you are purchasing or selling a business?
In our previous article, which can be found here (http://www.turnbullhill.com.au/personal-properties-securities.html), Gavin Hanrahan provided an overview of the most recent changes to the laws relating to the PPSR. That article...
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What is required of an insured to comply with the duty to disclose set out in section 21 of the Insurance Contracts Act
A recent decision of the NSW Court of Appeal sheds some light on what an insured’ duty of disclosure obliges the insured to do. Section 21 of the Insurance...
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Unfair Dismissal Maximum Compensation Explained
The preferred method of resolving an unfair dismissal claim, under the unfair dismissal provisions of the Fair Work Act 2009, is the reinstatement of the employee (which includes back-pay)...
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What is the Unfair Dismissal High Income Threshold?
Updated – July, 2017 The high income threshold for unfair dismissals refers to the highest possible income an employee can have, unless they are covered by an award or...
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The Debt Recovery Process in NSW
The debt recovery process in New South Wales (NSW) is very similar to the debt recovery processes followed by all other Australian states. The process almost always begins in...
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