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    What is a share subscription agreement?

    A share subscription agreement sets out the terms on which an investor agrees to buy shares from a private company.  It is often used to formalise informal arrangements agreed between the parties in ...

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    What is a construction management contract?

    A construction management contract is one type of Early Contractor Involvement (or ‘ECI’) arrangement, and differs from a traditional lump sum model in a number of respects. This article explains the ...

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    The different types of construction contract explained

    This article explains the different types of construction contract, and explains how to choose the right type of contract for your next project. Although the same general principles should apply to ...

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    What is a provisional sum?

    A provisional sum is an allowance included in a fixed price construction contract for an item of work that cannot be priced by the contractor at the time of entering the contract.

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    What is the defects liability period (DLP)?

    The defects liability period (or 'DLP') is a fixed period of time, starting from the date of practical completion, during which the contractor has an express contractual right to return to the site ...

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    9 types of security under a construction contract

    When you think of performance security under a construction contract, cash retentions and bank guarantees come to mind. However they are not your only options.

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    How to claim a variation under a construction contract

    Construction contracts usually contain specific procedures for claiming a variation - which, if not followed, can result in your entitlement to claim being lost. There are six basic steps to follow ...

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    Introduction to AS 4000

    AS 4000, more formally known as the Australian Standard AS 4000-1997 General Conditions of Contract, is one of the most widely used forms of head contract for construction projects in Australia.

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    Can contract notices be sent by email?

    With businesses conducting the majority of their day-to-day communications by email, it can be easy to assume that email will be a valid form of communication under a contract.  However that will not ...

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    What is Early Contractor Involvement (ECI) and how does it work?

    Early contractor involvement (or 'ECI') is a method of construction contracting that allows a builder to become involved, and potentially start work, before the design has been completed.

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    What's the difference between arbitration and mediation?

    Arbitration and mediation are two very different processes that allow parties to resolve disputes outside of court. Mediation involves a facilitated negotiation, whereas arbitration involves a third ...

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    Tag along, drag along and similar clauses in a shareholders agreement

    A shareholders agreement will normally address the situation where one or more parties wish to exit the venture, or where there is a falling out between shareholders. This article explains some of ...

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    6 reasons to work on your business exit strategy now

    A business exit is the only opportunity you will ever have to convert the underlying value of your business into cash. Regardless of when you think you might exit, you will exit at some point, and it’...

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    9 ways to let your subcontracts more efficiently

    Despite subcontracts being at the heart of every contracting business, few companies (big or small) can claim to have truly efficient subcontracting processes.  As this article explains, even small im...

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    Exit strategy 101: How to plan a successful business exit

    A business exit provides a unique opportunity to realise the capital value that you have created in your business. Unfortunately, many business owners 'leave money on the table' when they exit their b...

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    What is a convertible note?

    A convertible note is a loan that can be converted into shares. This article explains how they work and when they are used.

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    Should an investor be a director?

    Some investors will seek to be a director so that they have can have greater access to information and the opportunity to influence their affairs. However being a director is not without risk, and the...

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    Terms sheet for buying shares

    This post explains what an investor should expect to see in a terms sheet for buying shares in a private company in Australia. 

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