What is Novation of Contract?

Want to alter the terms or parties to your contract? You can do this with a novation of contract. Learn everything there is to know.

What is an Irrevocable Trust?

An irrevocable trust doesn’t allow its creator to change anything about the trust once it is created. This article explains the advantages and disadvantages of such trusts.

What Is An Environmental Policy?

An environmental policy is a short written statement of how your business manages its impact on the environment: what you commit to doing and who makes sure it happens. Most Australian small businesses aren’t legally required to have one. Plenty are now being asked for one anyway, by customers, councils and tender panels. Here’s how […]

What Is An Engagement Letter?

An engagement letter (also called a letter of engagement) is a short written agreement that confirms what a service provider will do for a client, what it costs and how the working relationship runs, before any work starts. Once the client signs or clearly accepts it, an engagement letter is usually a binding contract in […]

What is a Bill of Exchange?

A bill of exchange is a type of negotiable instrument. This can be seen as a kind of written ‘IOU’ that can be traded in exchange for something on credit.