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Personal Guarantee

What is a Personal Guarantee? A personal guarantee is essentially a document that makes an individual liable for the debts incurred by a third party. In the circumstances of a business loan agreement between a bank and a company, a personal guarantee can place the...

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Statutory Demands to Recover Debts

A Statutory Demand is a demand made in the prescribed form by a creditor to a company pursuant to section 459E of the Corporations Act which demands payment of a debt within 21 days. Failure to comply with a Statutory Demand A failure to comply with a Statutory...

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Restraint Of Trade

Protecting the goodwill and brand of the business whilst creating income and profit are the main objectives of all businesses. In an attempt to achieve these objectives business owners will often include restraint of trade (“ROT”) clauses in employment agreements,...

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Conveyancing Update: Car Parks In Community Title Schemes

In the excitement of purchasing a unit within a community title scheme, the allocation of car parking spaces within the community title scheme can be overlooked. Car parking spaces are very important, particularly in places like Brisbane Central Business District...

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Disputing An Unfair Preference Claim

‘It’s not personal. It’s just business’. We have all heard this line before in movies and television shows. Spoken where a relationship has been broken for the purpose of achieving some advantage, usually an economic gain. But for most people (and most of the...

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Do You Have A Tax Debt?

It is not surprising that the last few years have been extremely difficult for many businesses and people due to the Covid-19 pandemic (lockdowns, mask wearing and also the considerable disruption for your business). Therefore it is totally understandable that many...

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Payment of Estate Debts

In the administration of most estates, the question will arise how are the debts of a deceased person to be paid? If the estate has either cash or other assets that are sufficient to pay the estate’s debts, then it is a solvent estate and section 59 of the Succession...

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RMO Law Quarterly Issue 33
RMO Law Quarterly Issue 32
RMO Law Quarterly Issue 31
RMO Law Quarterly Issue 30
RMO Law Quarterly Issue 29
RMO Law Quarterly Issue 28
RMO Law Quarterly Issue 27