Coronavirus or COVID-19 is a hot topic in the news at the moment. It is likely it will have an impact on your business in the next few months. From a legal perspective, a range of issues arise from those impacts on your business.
When you make a loan, or a supplier or other person has a liability or debt to your business, it is important to ensure that you have a proper security to protect you, and to prevent you from being last in line to claim the debt owed to you.
Indemnities and Disclaimers / Limitations of liability
The riskiest clauses in your contract with your supplier / contractor / landlord / tenant are the indemnity and limitation of liability clauses (often called a disclaimer). Nearly all contracts have these clauses.
The Australian Consumer Law provides that unfair terms in contracts between consumers or small business with each other, or with big businesses, are void. These provisions have real teeth and are changing the way that big busi...