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What is an option to renew in a lease?
Most leases contain what is known as an ‘option to renew’. An ‘option to renew’ is a contractual right that is given to the Tenant to obtain an additional term for the lease if the Tenant so chooses. For instance, if the Tenant has a lease for the
Leases and Demolition or Redevelopments
Most leases, either commercial or residential, commonly lease premises for a long period of years. However, during this period, the Landlord is bound by the lease and is unable to terminate the lease if the Landlord wishes to demolish or redevelop the leased
What Is a Rescission of a Contract?
Generally speaking, a contract becomes binding once it is signed by all parties. A binding contract is required to be performed in accordance with its terms and conditions. There are several instances where the contract is no longer binding. Rescission of a
What is intellectual property? And how does it affect you?
Similar to any other assets where the value is tangible, intellectual property produces tangible value that often accumulate over time and appreciates in value. Therefore, the intellectual property of a business or a person is a valuable asset. This is common
Have You Been Dismissed From Your Employment Unfairly?
Employees are protected from unfair dismissal where an employee is dismissed from their employment with no reasonable grounds. An unfair dismissal application is normally lodged with the Fair Work Commission of Australia. The Fair Work Commission reviews the
What Is Bankruptcy and How Does It Work?
The difference between bankruptcy and insolvency is that bankruptcy takes place with the individual, whereas insolvency applies to a corporation. There isn’t necessarily a threshold in order for someone to be part of a bankruptcy proceeding or subject