A recent decision of the High Court has highlighted the risks to parties taking action that interferes with contractual arrangements between other parties. In the case in question a Franchisor and Franchisee had entered into a contractual arrangement to effectively transfer the franchise business back to the Franchisor. Problems started […] Read More›
The majority of business owners in New Zealand lease the premises they operate their business from. As commercial tenants you need to be aware of your rights and obligations in exercising a right of renewal under an existing lease or when entering into negotiations for a new lease. Rights of […] Read More›
Having terms and conditions of trade in place is an important part of your business structure. What are terms and conditions of trade? Whether a business is a supplier of services or products the terms of trade are the terms upon which a customer will be bound when dealing with […] Read More›
The “doctrine of frustration‟ is a common law concept that allows a contract to be discharged when a certain event or event(s) occur, which is beyond the control of the parties. The event needs to make performance of the contract impossible. Contractual promises and obligations are usually absolute, therefore this […] Read More›