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Reading time – 5 mins A commercial contract (Commercial Contract) is a legally binding agreement between two (2) or more parties that contains the terms and conditions for a mutual exchange of value, such as goods or services for financial compensation.   This article aims to assist the reader on how to understand the contents of

International commercial arbitration offers significant benefits to businesses engaged in international transactions.  It enables them to resolve disputes quicker, at a lower cost, and with greater enforceability than can normally be achieved through national Courts. The five (5) key benefits of international commercial arbitration include: greater enforceability; consistency; neutrality; procedural flexibility; and confidentiality. What is

Arbitration is a private process where parties to a commercial contract agree (Arbitration Agreement) to let an arbitrator[1] (Arbitrator) make a binding decision on a dispute between them, without recourse to national Courts.  The Arbitrator receives evidence, hears arguments and applies relevant law to reach a binding decision, called an award (Award).  The Arbitrator’s decision

The case of Optus Networks Pty Ltd v Telstra Corporation Ltd (2010) 265 ALR 281; [2010] FCAFC 21 at paragraph 39, showed that a cause of action for a breach of confidence must have the following four (4) elements: the information in question must be identified with specificity; it must have the necessary quality of confidence; it must have been

Recitals, also known as the ‘preamble’ or ‘details’ clauses (Recitals) are introductory statements at the start of a contract that provide context, background or reasons for the terms and conditions that follow.  They have been historically used by the Courts to aid in the interpretation of ambiguous terms and are capable of including essential provisions

From 26 March 2024, IP Australia has implemented the internationally recognised Madrid Goods and Services (Madrid List), replacing the AU Goods and Services Picklist.[1]  The adoption of the Madrid List comes as Intellectual Property Australia (IP Australia) seeks to align the Australian classification standards with the other intellectual property offices around the world.[2] Adopting the

The appointment of a provisional liquidator may be appropriate in shareholder disputes if there are genuine concerns that there is a risk a company’s assets will be dissipated, there are potential solvency concerns and all other alternatives have been exhausted.  The appointment of a provisional liquidator by a Court has been said to be ‘a