Many Australian contracts include clauses that impose financial consequences if a party breaches the agreement. But not all such clauses are enforceable. If a clause is considered a penalty, it
In the fast-paced world of Australian business, negotiations often move quickly. To outline preliminary agreements before a full contract is signed, parties commonly use a Letter of Intent (LOI). But
Risk allocation is a fundamental part of construction contracts in Australia. It outlines which party (principal, contractor, or subcontractor) is responsible for specific risks such as delays, unforeseen site conditions,
