What Is a Heads of Agreement and Are They Legally Binding?

What Is a Heads of Agreement and Are They Legally Binding?

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. To make things more confusing, the term is sometimes used interchangeably with terms such as “Letters of Intent” or...
Understanding Consumer Guarantees under Australian Consumer Law

Understanding Consumer Guarantees under Australian Consumer Law

Among other protections, the Australian Consumer Law (ACL) establishes a national framework of consumer guarantees that businesses cannot contract out of. Generally, businesses must guarantee products and services for sale, hire, or lease where the cost is less than...
Understanding Share Sale Agreements

Understanding Share Sale Agreements

Understanding share sale agreements is essential for corporate clients who navigate the sale of shares in Australian businesses. Investors and entrepreneurs should familiarise themselves with typical provisions found in share sale agreements and know important...
Understanding Breaches of the Australian Consumer Law

Understanding Breaches of the Australian Consumer Law

The Australian Consumer Law (ACL) includes a range of protections to consumers from unfair business practices, including misleading and deceptive conduct, false or misleading representations, unconscionable conduct, and even representations about country or place of...
The Australian Consumer Law: What Businesses Need to Know

The Australian Consumer Law: What Businesses Need to Know

The Australian Consumer Law, or ACL, is a national law that applies to all businesses throughout Australia. It ensures that consumers have consistent rights and that businesses have the same obligations nationwide. Where is the ACL found? The ACL is in Schedule 2 of...
Succession Arrangements for Family Companies

Succession Arrangements for Family Companies

Family businesses are the backbone of Australia’s economy, contributing over 70% of the nation’s GDP and employing a significant portion of the workforce. However, their long-term success can be fragile, with only a fraction operated by the third...