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Unfair Contract Terms Update 2021
A few reforms to the Unfair Contract Terms legislation are anticipated this year. If you use standard form contracts, or have entered into one which you believe is unfair, this article may be of interest to you.
Shareholder Disagreements and Business "Pre-Nups"
A good way to retain the value of the business and minimise the costs and acrimony involved when shareholders part company, is to ensure that a well thought out Shareholders Agreement is in place beforehand.
Breaking the Deadlock, "Shotgun Clauses" and Free Exits
Sometimes directors and/or shareholders reach a stalemate or deadlock, where they are unable to agree about a particular issue. There are a number of options to consider, including "Shotgun clauses".
Retail Leases Act
If you are a landlord or tenant in relation to a "retail premises lease", the Retail Leases Act 2003 (Vic) probably applies to your lease. Generally, the Act provides protections for tenants, some of which are fairly rugged, and it is important that you are aware of them.
CFO Leaves Just Jeans for Cotton On, gets sued
After only a matter of months the CFO resigned from Just Jeans to take up a position with the competition, Cotton On. Just Jeans sued the CFO to stop her from joining Cotton On.