Landlords and Business Owners - did you know that radical new laws were introduced this year that put your assets at risk? Since the introduction of the Personal Property Security Register if you do not register your ownership of an asset and it is not in...
In the event that a director or key person was to suffer an unexpected departure from the business due to death or disability, there are several important factors that every business needs to consider.
For the purpose of this article we will assume ABC Pty Ltd has 3 directors, Allan, Bart,and Cindy, and director Allan has recently passed away unexpectedly.
Dealing firstly with whether it is possible to franchise your business.
If your business:
then you are probably not ready to franchise.
When a retailer purchases from a wholesaler or a manufacturer the retailer must ensure that they know the limitations of the goods purchased. If the goods are faulty then the retailer may be liable to any subsequent buyer.
Whenever a retailer sells goods to a consumer there is a sale agreement and conditions are implied into that agreement. Consumers may make use of these conditions to successfully claim against a retailer.
The stakes can be high! If a product is not fit for a purpose it may cause damage and necessitate rectification works the cost of which may go well beyond the cost of the goods supplied.