A Letter of Demand comes to play where an agreement has been entered into and a breach of the agreement has occurred. When all negotiations to settle the breach have failed to have any effect, a Letter of Demand – sent to the defaulting party – is often considered to be a final reminder [...]
It is important to have appropriate estate planning documentation in place to ensure that your estate planning objectives are achieved when you pass away or lose capacity to take care of yourself. These are common Estate Planning Mistakes that our clients make... Thinking that testamentary trusts are only for complex situations or high net [...]
While there are only a few legal rules regulating who can be nominated as a financial controller under an estate plan (i.e. executor, trustee, attorney), there are some common sense principles which can make or break the effectiveness of an estate plan. These are the top 10 mistakes people make when nominating their financial [...]
What asset protection is available for real estate investors? Investing in real estate can pose risks that might result in legal proceedings. Asset protection for real estate investors can be achieved by implementing the following protections: Insurance: Having an insurance policy in place on a property can help protect it against risks and is [...]
What is Asset Protection? With insolvencies on the rise given the current Pandemic, the need for directors of companies and business owners to protect their assets is even more critical as they could be named in litigation proceedings along with their company. The aim of asset protection is to safeguard assets from legal, business [...]
“There will be insolvencies. There will be bankruptcies. There will be some businesses that will not recover. That's the harsh reality of an economic downturn that's the worst in 100 years,” – Reserve Bank Governor Phillip Lowe on a recent appearance before a parliamentary committee. What is insolvency? Legally, what is Insolvency? Insolvency occurs [...]
Business update. CMB Lawyers answering four questions relating to COVID-19 and how it affects business owners: What financial assistance is available to employers? How can I best manage my cash flow? What are your thoughts on the medium to long term outlook in this current situation? What can I do [...]
As a prospective franchisor or franchisee, it's important that you understand how to calculate franchise fees. Each franchise is different and as such, while one franchisor may charge a fee, another might not. The way the franchising fee is calculated also varies. Read on to learn more. Franchisor vs. Franchisee The company that allows [...]
What is a commercial property sublease? Commercial property leases usually have a term of several years with options to extend the term. Subleasing or subletting is an arrangement where the head tenant or head lessee may further let out the property or portion of commercial property to a third party known as the subtenant [...]
What is a commercial lease? A commercial lease is a legally binding agreement entered into between a landlord and a business tenant for the rental of property. It sets out the rights and obligations of the owner of a commercial property (landlord or lessor) and a third party that has agreed to occupy the [...]
