In the vast majority of cases once you enter into a contract you are locked into its terms. However, there is a way out – you may be able to claim the contract is void because it is “unfair”.
An agreement does not need to be in writing to be legally binding as enforceable contracts can either be in written or verbal form.
Under the Fair Work Act, if an employee is dismissed in a “harsh, unjust or unreasonable” manner they may be awarded up to six month’s pay by the Fair Work Commission (FWC).
It would be great if you could work with a lawyer every time a minor documentation issue arose, but for many businesses this is simply untenable. Here are the three key times when you shouldn’t avoid working with a lawyer.
A contract is a legally binding agreement made between two or more parties. As a contract is legally binding, it is critical for you to spend the time to make sure that you get it right.
Every business owner with employees knows they need an employment contract for each employee. Many of the same business owners don’t, however, realise that they also need an employee handbook.
Businesses enter into loan agreements on a regular basis, but it’s crucial that that you review any loan agreement you sign off on.
Many business people don’t bother working with a lawyer when entering into important contracts, and end up agreeing to terms which eventually cause long terms issues, both from a client relationship and monetary perspective.
An unfortunate reality is that many businesspeople draft important legal documents themselves, using a template from a previous job or simply a free template they’ve discovered on a random website.
Setting up a franchise can be a great business decision, but there are also significant legal and regulatory costs to be considered.
