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What is a contract?

In simple terms, a contract is a legally binding agreement between two or more parties. A contract can be in writing or verbal. For a contract to be reached between parties there must be an offer and acceptance, an intention to be legally bound and consideration. For...

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What does an executor do?

A loved one has appointed you as his or her executor.  What do you have to do? The responsibilities of executors include to: 1: Make sure all property is insured. 2. Secure the assets of the estate. 3:  Itemise the assets of the estate. 4: Itemise the debts...

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How to resolve a commercial dispute?

A commercial dispute can arise in varied circumstances.  There are numerous types of commercial disputes.  Some of the different methods that can be used to resolve a commercial dispute include: Negotiation – this can involve the parties in direct...

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What is a builder legally obliged to do?

In NSW, there are various obligations on builders when carrying out residential building work. The Home Building Act 1989 states that the holder of a contractor licence, or a person required to hold a contractor licence before entering into a contract,...

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