Given the increasing heat being placed on directors and business owners, it’s important for you to understand the legal requirements and put in place compliance systems so that employees are being paid their legal wages and entitlements.
Limitation of liability clauses are a great way for parties to a contract to limit, manage or allocate risk between them.
Indemnities are often treated like a ‘standard’ or ‘boilerplate’ contract clause, when they are anything but. If they are ignored or overlooked, you could be in trouble when something goes wrong. However, when used properly, indemnity clauses can help you to manage your risk when entering into an agreement.
Many businesses have built strong brands by treating customers well. But it is also important to ensure that no single customer can put your business at risk. You need to draw the line somewhere. This is where your terms of supply come in. However, these terms need to be consistent with the Australian Consumer Law.
