The option agreement is entered into between the seller of the property (usually known as the grantor) and the buyer of the property (usually known as the grantee). The grantee has a call option which would compel the grantor to sell the property at an agreed price if the call option is exercised. If the call option is not exercised, then the grantor has a put option which would compel the grantee to buy the property at the agreed price.
Sports and sponsorship have always gone hand in hand – modern athletes continue to make eye-watering amounts of money from sponsorships and endorsements, in some cases more than they’re being paid by their teams to play. While there is serious money being paid to athletes for their endorsements, there is also serious financial and reputational implications for companies when the athlete endorsing them brings their brand into disrepute through adverse conduct.
Recently, ABKJ Lawyers were able to help yet another client achieve a positive outcome in what could be considered a landmark case in the area of construction law. The Court’s decision in that matter set a precedent to assist in determining various principles that must be adhered to in order for construction payment claims to be considered valid.
Which option is right for you? When a married or de facto couple separates, it is usually necessary to also conclude their financial relationship with one another. To do this, there are several options that may be adopted, for example: Do nothing Verbal / informal agreement Financial Agreement (private contractual agreement made between the parties) Consent Orders (made by agreement between the parties and approved by the Court) Court Orders (made by the Court in the absence of agreement between the parties – i.e., litigation) Many separated couples may not feel the need to formalise any agreement with regards to… Continue Reading
The stress to settle Buying and selling property can be a stressful exercise for even the most experienced property mogul. As time is of the essence in standard property transactions throughout Queensland, it is a requirement that contractual deadlines be met as they fall due. Perhaps the most stressful deadline is being in a position to settle on the settlement date, as there may be severe consequences for failing to do so. This stress can be further compounded when you are unable to settle in time as a result of various problems arising which are out of your control. This… Continue Reading
What does off-the-plan mean? So, you are thinking of buying a property ‘off-the-plan’. It could be that you are looking at buying a duplex, townhouse or unit where the building is yet to be constructed (or is under construction). It may be that a large block of land is yet to be subdivided into smaller blocks, including the block you are looking at buying. In either instance, the title to the lot being purchased will not have been created at the time you enter into the contract. In other words, buying ‘off-the-plan’ means the lot (or property) you intend to… Continue Reading
It is quite common for us to be consulted regarding disputes involving defamation in a body corporate context. The ingredients for conflict that are present in community title schemes – strangers living together in close proximity, the sharing of facilities, members of the body corporate having different priorities in respect of the management of the body corporate, competition for committee positions, and so on – coupled with the ease of communication facilitated by email and social media, create an environment conducive to the publishing of insulting, and even defamatory, comments. Many people may be of the view that defamation is… Continue Reading
It is common for any industry, including the legal industry, to be the subject of myths believed by the general population. This is not helped by the fact that the laws and regulations which govern our society are many and not always easy to understand, and that popular culture tends to provide more entertaining representations of actual roles. For example, popular legal dramas such as Suits, Boston Legal, The Good Wife, Rake, Law & Order and so on have provided audiences with memorable moments of witty legal humour and unforgettable characters and catch-phrases. As a result, audiences can have unrealistic… Continue Reading
Amendments were made to the form of the Enduring Power of Attorney in November 2020 in an effort to address some of the community concerns regarding financial elder abuse. These changes have introduced additional transparency measures designed to minimise the risk of an Attorney abusing the trust which has been placed in them.
From sparkling beaches to tropical rainforests, outback adventures to exciting cities, the opportunities for travel within Australia are endless. Needless to say, pandemic-induced state border closures over the past two years have tended to make travel feel like a distant pastime. However, with the recent easing of Covid-related restrictions across many Australian states and territories, is it ok to seize the opportunity to travel with your child, without the knowledge or consent of the other parent? Before booking your next family holiday, it is important to consider the following.
