Credit can be a red flag for many business owners. Why? When customers are given credit for goods, there is a risk they will never receive the payment for the goods. A Retention of Title clause can provide a business with protection if they are concerned about not receiving payment from the buyer. This type … Continue reading Retention of Title Clauses
Tag: contract law
Breach of Contract QLD
Breaches of contracts in Queensland Contract law What is a contract? Contracts are a crucial part of day-to-day life in Queensland and in Australia as a whole, so much so that we are entering into them everyday, often without even realising. A contract is defined as a "legally binding agreement that recognises and governs the … Continue reading Breach of Contract QLD
Contract Law – QLD
When is a contract legally binding? Not all contracts are traditionally written and signed; therefore, it is dangerous to assume that an oral agreement is not a legally binding contract. Whether a contract contains enforceable promises or not, affects whether it is binding or non-binding. Binding vs non-binding: A non-binding contract is an agreement in … Continue reading Contract Law – QLD

