Establishing, Managing, & Protecting ContractsHillhouse Burrough McKeown helps clients establish, manage, and protect contracts and provides commercial law advice under Australian and international law.
- Agreements to cover death or incapacity of shareholders or partners
- Business succession planning and insurance
- Buying and selling a business in Australia
- Buying and selling shares in a company operating a business
- Contracting with large companies
- Establishing professional services contracts
- Shareholder Agreements
How Contract Law works in AustraliaThe essence of commercial law in Australia is contract law. In Australia, there are six basic elements that must be satisfied for the formation of a contract.
In the absence of one or more of these elements, a court may find that a contract is not binding on the parties.
The main elements of a contract are Agreement, consideration, capacity, intention to be legally bound, formalities and certainty.
Contract law is generally deal with under principles of common law, unless particular statutes set additional standards or rules for particular types of contract, such a building contracts, land contracts or retail shop leases which are all governed by particular legislation.
With any contract, it is important to get legal advice before you enter into the contract, as often your position may be irrevocably prejudiced once the contract has been signed.
Frequently Asked Questions about Commercial Law:Below are a list of frequently asked questions (FAQs) about Commercial Law.
Commercial Law Case Studies:
Talk to one of our Commercial Law experts:
- Ian Hillhouse, Managing Partner, Brisbane. Phone: (07) 3228 6109
- Craig Hong, Partner, Brisbane. Phone: (07) 3228 6120
- Zac Herps, Partner, Brisbane. Phone: (07) 3228 6117
- Michael Morris, Lawyer, Brisbane. Phone: (07) 3228 6122
- David Adolphe, Special Counsel, Brisbane. Phone: (07) 3228 6124