don't risk your business - know when you are bound by a contract and when you are not
DESCRIPTION
How well do you know your contracts? Did you know that a contract is a checklist? Do you know what to watch out for when negotiating this checklist? Do you really know what all the legal terms actually mean? No?......Don't put yourself and your business at risk.TRANSCRIPT
PROMISSORY ESTOPPEL
MISLEADING ANDDECEPTIVE CONDUCT
UNCONSCIONABLECONDUCT
A promise from one party made to another party when the party making the promise knows that the person to whom the promise is being given will rely upon that prom-ise and the person who receives the promise acts upon the promise and the person who gave the promise backs out of promise because there is no legal contract
A statutory form of action that enables a person who relies upon a representation to rely upon it whether there is a contract or not in circum-stances when they relied upon the representation and in doing so su�ered loss
A statutory and quitable remedy that a person has against another who has caused them to enter into a contract in an manner that was extremely unjust and overwhelmingly onesided
For a fast and practical check on any of your contracts
Call Etienne Lawyers1300 882 032
etienneLAWYERS
in association with Davis King & Cowww.etiennelaw.com
DON’T RISK YOUR BUSINESSBE CLEAR ON WHEN YOU ARE BOUND BY A CONTRACT AND WHEN YOU ARE NOT!
DON’T RISK YOUR BUSINESSBE CLEAR ON WHEN YOU ARE BOUND BY A CONTRACT AND WHEN YOU ARE NOT!
CHECKLIST
WATCH OUT
WHO
WHATWhen are the goods/servic-es to be supplied and when are they to be paid for
HOWHow are the good/services to be supplied and paid for
CONSEQUENCESConsequences of good or poor performance
Who is supplying the goods/services and who is to pay for them
ACCEPTANCE the taking and receiving of anything with the intention of retain-ing it
BREACH OF CONTRACT when one party fails to uphold their end of the deal
CHATTEL article of personal property as distinguished from real property
CONDITION provision making the e�ect of a legal instrument contingent on the occurence of an uncer-tain future event
CONSENT act or result of coming into harmony or accord with another party
COVENANT legal term for promise
DAMAGES compensation or indemnity may be recov-ered in the courts
DEFAULT omission or failure to perform a legal or contractual duty
DUTIES all manner of taxes, charges or governmental impositions
OPTION the right to buy something for a �xed term, it may be sold, given away or transferred
REMEDY means by which a right is enforced or violation is prevented, redressed or compensated
TORT a legal wrong
WAIVER intentional or voluntary relinquishment of a known right
CONTRACTUAL TERMS