Are Lease Heads of Agreement Binding?
It is common practice for a letting agent to prepare a Heads of Agreement ("HOA") to be entered into by a landlord and a prospective tenant before a lease of retail or commercial premises is signed. The document sets out the basic terms of the lease including the...
What to Know about Personal Guarantees
There are many situations in everyday life where you may be called upon to sign a personal guarantee. Some people will sign one without giving it much thought. But what are they and what are the consequences? A personal guarantee is a promise by an individual to...
Powerful Tools Before Commencing Legal Proceedings
Sometimes, when considering whether to proceed with a claim against another party, there may be a few obstacles in the way. You may not know the exact identity of the other party or where that party is located. Or the other party may be in possession of documents that...
Any Legal Redress for the CrowdStrike Outage?
The recent CrowdStrike outage had a devastating effect on businesses around Australia with many forced to stop operations for a day or longer resulting in massive economic losses. The question becomes who can be held responsible and what compensation can be payable....
How Should a Vendor Prepare for a Settlement?
In the days leading up to the settlement of the sale of a property there a few things every vendor should do to ensure the settlement goes ahead smoothly and the sale proceeds end up in the vendor's bank account! Firstly, normally, the vendor's agent will be holding...