On 1 July 2018, new laws came into effect that restrict certain termination rights in most commercial contracts. These restrictions provide an important opportunity for struggling businesses to restructure and turn their business around while ensuring that key contracts remain on foot.
In Australia, the Corporations Amendment (Crowd-sourced Funding) Act 2017 introduced the regulatory regime for this type of funding on 29 September 2017 which allows equity crowdfunding (or crowdsourced equity finance as your government-y folk like to call it). There’s been a lot of excitement, but not a lot of clarity on what that actually means for companies. So we’ve decided to change that!
Whether your business is a thriving fashion label or innovative software providing a service to consumers, falling foul of the Australian Consumer Law (ACL) because of a misleading or deceptive refunds policy or refunds clause, found in your customer terms and conditions, can have costly repercussions.
Trade promotions, commonly known as competitions, are a powerful marketing tool and a great way to promote your business. Before running an awesome consumer-engaging trade promotion, you should ensure your trade promotion complies with the plethora of laws, regulations and codes governing the conduct of trade promotions.
Most FitPros that I meet generally go about their daily work without thinking too much about the legal aspects of their business. With only 24 hours in a day, and about 10-12 actual working hours, FitPros focus their time and energy on clients, marketing and working rather than reviewing the management and operations of their business.