Sometimes, your business will need to end a contractual relationship. For instance, you may be unhappy with a supplier or customer, or your business is changing direction. If this occurs, it is essential to understand your legal rights and obligations.
To help, LegalVision's Jodie Thomson (Practice Leader) and Cameron Graf (Senior Lawyer) discuss:
+ an overview of contracts and termination rights;
+ common termination clauses and unwritten termination rights;
+ consequences of unlawful termination and resolving disputes; and
+ strategies for effectively terminating a contract.
About Jodie Thomson
Jodie is a Practice Leader in LegalVision’s Disputes and Litigation team. She is experienced in commercial litigation and helping clients solve legal problems, ranging from contractual disputes to recovering debts, bankruptcy and corporate insolvency.
About Cameron Graf
Cameron is a Senior Lawyer in LegalVision’s Disputes and Litigation and Franchising teams. He has experience in litigation and is known for his technological proficiency, attention to detail, and drive for innovation, allowing him to provide practical solutions for clients.
About LegalVision
LegalVision is a market disruptor in the commercial legal services industry. The firm’s unlimited legal services membership provides businesses with a faster, better quality and more cost-effective client experience. LegalVision has assisted more than 150,000 businesses across Australia, New Zealand and the United Kingdom.
00:00 - Introduction
02:50 - Ways to Terminate a Commercial Contract
04:00 - What is a Contract?
06:56 - Express Termination Clauses
13:16 - Unwritten Termination Rights
18:19 - Consequences of Unlawful Termination
21:50 - Resolving a Contractual Dispute
25:03 - Strategies to Contract Effectively
30:00 - Q&A
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Request a consultation by visiting our website or emailing us at reply@legalvision.com.au
The information provided in this video is for general informational purposes only and does not constitute legal advice. While we aim to provide accurate and up-to-date content, laws and regulations may vary, and the information may not apply to your specific circumstances. We encourage you to contact us for a free consultation so we can provide advice specific to your circumstances.
