Most businesses that have a standard set of terms and conditions of sale will also include a clause providing for interest in the event of non-payment. Often such clauses will provide for interest at a rate that is tied to the 90-day bill rate or the official cash rate.
Increased access to electronic means of communication has improved the ability of business providers and their clients to exchange information quickly and efficiently around the globe. Unfortunately, however, this increased universal access has also increased the ability of cybercriminals to intercept important information in ways that were never before possible.
If you are considering purchasing a cross lease property, then it is important to understand what the term “cross lease” means, and what the issues are when purchasing a cross lease property. This article provides an explanation of what a cross lease property is, an overview of cross lease terms, and issues regarding insurance.
We are often approached by clients who would like to give something back to the community and have therefore decided to form a charitable trust. There are a number of key steps in this process, which we can assist with.
Despite their informal nature, emails can create binding obligations.
Employment Agreements sometimes contain indemnities from the employer for liabilities the employee incurs in the course performing his or her duties as employee. Such an indemnity can also be implied by law, if the employment agreement does not contain an explicit indemnity. However there are some issues that can affect the enforceability of these.
The High Court decision of Lewis Holdings Ltd v Steel & Tube Holdings Ltd [2014] NZHC 3311 has highlighted the importance of maintaining a subsidiary’s independence from its parent company.
This article explains what a caveat is. It gives examples of when you may want to lodge a caveat and explains how a caveat is removed.
The New Zealand legal system is a common law system, based on the English system of justice. As a result, New Zealand, like England, Australia, Canada and the USA, adopts an adversarial court process. What this means is that the Courts are reliant on the parties to produce evidence and argue in favour of a particular version of events. Based on this evidence and argument from counsel, the Court will make a decision as to which party is right and which is wrong.
It is an honour to be asked to be an independent trustee for a friend or family member. However this honour comes with significant risks. This article discusses those risks and how to minimise them.