-
Why retail tenants must take timely action on rent relief
The Victorian Government has extended the Commercial Tenancy Rent Relief Scheme. However, changes to the scheme mean that retail tenants must act as soon as possible. Rent relief agreements must be made between 29 September and 31 December 2020. When an agreement is reached, it will apply from the date that you write to your […]
Read More -
Is Force Majeure a Potential Get-Out Clause in Commercial Contracts Due to COVID-19?
With COVID-19 Leaving Many Businesses Unable to Fulfil Commercial Contracts, a Force Majeure Clause Might be the Saving Grace From relying on a supply agreement to service provision to holding an event, almost every industry is feeling the effects of COVID-19 restrictions. This has left many businesses wondering what their contractual obligations are in the […]
Read More -
Navigating Commercial Leases Under COVID Omnibus Regulations
If Your Business is Struggling With Commercial Lease Rent Due to COVID-19, Relief Might be Available. On 1 May, the Victorian Parliament passed the COVID-19 Omnibus (Emergency Measures) (Commercial Leases and Licences) Regulations under the COVID-19 Omnibus (Emergency Measures) Act 2020. These regulations, covering the period 29 March 2020 to 29 September 2020, modify existing […]
Read More -
Strategies to Avoid Commercial Contract Disputes
Preventing contract disputes is crucial for maintaining smooth operations, preserving relationships, and conserving business resources. At City Pacific Lawyers, we advocate proactive measures to sidestep potential legal conflicts. Let’s explore effective strategies to prevent common commercial contract disputes. Clear and Concise Contract Language Ambiguities in contract language can be a ticking time bomb, leading to […]
Read More -
Coronavirus Has Affected My Ability to Meet a Commercial Contract. What Should I Do?
For many business owners with commercial contracts in place, failure to meet those contracts due to pandemic restrictions can be an added layer of stress. Here are some ways that businesses and company directors can explore assistance during this time. 1. ‘Force Majeure’ Provisions in Contracts Many Australian commercial contracts will contain a ‘force majeure’ […]
Read More -
Commercial Leasing During Lockdown – What To Do If You Can’t Pay Rent
Many business owners are wondering how they will afford to pay their rent over the next few months as lockdown measures continue. This strain has particularly impacted those that were part of stage one and two restrictions (such as bars, clubs, gyms and travel businesses), many of whom are already struggling. As we move to […]
Read More -
Concerned About Protecting Your Company From Shareholders Disputes? Read This.
Starting a business requires careful planning and consideration. A failure to allow for unforeseen events or for ways to resolve future disagreements could put your new venture at considerable risk. The repercussions of failing to plan are clearly illustrated in a case in the Federal Court between co-owners of the popular Grill’d fast food empire. […]
Read More -
Traps to avoid in Commercial Leases
Commercial leases form part of many business transactions and commercial property is a popular investment choice. Whether you are a tenant or landlord, there is much to consider when entering into a commercial lease. Some commercial leases are classified as ‘retail’ and fall under specific legislation operating in various States. With the increase of retail […]
Read More -
Personal Liability for Company Directors
A company is an association incorporated under the Corporations Act 2001 (Cth) (the ‘Act’). The effect of incorporation gives the company a separate entity, distinct from its directors and shareholders. It can enter into contracts, sue and be sued in its own right. The Australian Investment and Securities Commission (ASIC) is the Government body authorised […]
Read More -
Commercial leases – Responsibility for repairs and maintenance
A commercial lease is a legally binding contract that gives a tenant certain rights over a property for a set period of time subject to the terms and conditions set out in the lease. A commercial lease is used when leasing property used primarily for a business. You should never sign a lease without understanding […]
Read More
Select Category:
