In this video, Commercial Lawyer Steven Pynt explains why you should carry out financial and legal due diligence prior to entering into a franchise.
Are Penalty Clauses in Contracts Enforceable?
A penalty clause is a term in a contract that imposes a penalty on a party that breaches a contractual obligation. It is important to know that penalty clauses are generally unenforceable under Australian law. However, it can sometimes be difficult to distinguish...