Lessons to be learned
As we are potentially heading into an economic downturn, it is useful to look at what lessons learned during prior downturns could give better protection for business owners including how key assets are owned.
Before You Ink the Deal: Key Lease Considerations
Entering into a lease agreement is a significant commitment for both landlords and tenants, and careful negotiation is essential to ensure a fair and functional arrangement. This article looks at the key steps and considerations involved in entering into a lease.
Essential Tips for Vendors and Purchasers: What Colcroft Holdings v Meadows Teaches Us
The recent High Court Judgment of Colcroft Holdings Limited v Meadows, illustrates important lessons when buying and selling property. Here are some key takeaways that will help you get your ducks in a row if you are interested in buying property.
Commercial leases – key tenant considerations
Signing a commercial lease is a step most businesses will have to take. The lease sets out the terms and conditions under which the tenant will occupy a commercial property. This article outlines a number of essential factors a prospective tenant should consider when evaluating and negotiating a commercial lease in New Zealand.
Tighten up your terms as we head into tougher times
When cash can’t be king, make sure you have the next best thing.
Extending the UCT Regime – What business owners need to know
With effect from 16 August 2022, the application of the unfair contract terms provisions in the Fair Trading Act 1986 (Act) will be extended to small trade contracts between businesses.
The Importance of Shareholder Agreements
When you are entering into a new venture the opportunities seem endless and everyone is positive about goals and working relationships. However, as we unfortunately see so often in our litigation team, things do not always go to plan. A well drafted shareholder agreement can be worth its weight in gold when working relationships sour.
Consumer Contract Terms – Unfair Means Unenforceable
The High Court has recently made its first declaration regarding unfair contract terms. The terms in question were found within a standard form consumer contract used by Home Direct.
Want to cancel a conditional contract without complying with your own conditions? Think again
The story of the purchaser who got more than he bargained for. A recent Court of Appeal decision has confirmed that a party who enters a conditional contract has an obligation to do all things reasonably necessary to satisfy the conditions – or suffer the consequences.
Are you a Motor Vehicle Trader?
You may not realise it, but you may be an unlicensed motor vehicle trader. A recent Court of Appeal decision[1] makes it clear that a person or company will need to register as a motor vehicle trader under the Motor Vehicle Sales Act 2003 if that person or company sells more than six motor vehicles in any 12 month period, unless it can prove that those motor vehicles were not sold for the primary purpose of “gain”.