The recent case of Ingram v Patcroft Properties Limited [2011] NZSC 49 dealt specifically with one party’s right to cancel a lease agreement as a result of the other party’s breach.
The Construction Contracts Amendment Bill was referred to Parliament earlier this year. The proposed changes to the Act are intended to apply from 1 November 2013.
The strain of the current economic climate is seeing more and more debtors (clients, customers or service users) being unable to meet their payment obligations and in turn making it difficult for creditors (companies or individuals) to stay financially afloat.
The Building Act 2004 recently had an overhaul with the Building Amendment Act 2012 coming in to force in March. The next major changes to the Act are expected via the Building Amendment Bill (No 4), although it is unknown at this point when the Bill is likely to come in to force.
Purchasing a franchise usually provides the comfort of an established brand and structured business system. It does however come at a cost, both to buy into the system and with on-going marketing levies and royalties.