Due Diligence on Franchise

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...

Dying Intestate – The Perils of Not Making a Will

A valid Will determines how your estate is dealt with after you die. Your Will can appoint an appropriate family member, trusted friend or professional to administer your estate (your executor), nominate guardians for young children, determine who will receive your...

Heads of Agreement – key terms and considerations

A “Heads of Agreement” is one of those legal terms that you may come across for the first time and find yourself doing a quick Google search of. To make things more confusing, the term is sometimes used interchangeably with terms such as “Letters of Intent” or...