Commercial
A letter of intent, also known as a heads of agreement, is often used by parties before entering into a formal contract. While such a letter can be a useful tool to maintain momentum during a commercial transaction, the document itself has been the centre of many disputes over the years.
We give an overview on why parties may wish to use a letter of intent, and the downsides that could lead to business losses and commercial disappointment.
In this article: Hiring migrant workers: What the new AEWV means for you; Changes to the Holidays Act on the horizon; FMA review of ethical investing highlights need for improvement
The Covid pandemic has reshaped the way New Zealanders work. Southern Cross Health Insurance conducted a nationwide survey for its Workplace Wellness Report 2021 and found that since the Covid outbreak in 2020, 34% of businesses surveyed have changed their position on remote working and now offer it as an option to employees.
If you have customer contracts, inter-business contracts or contracts valued under $250,000, the Fair Trading Amendment Act 2021, that updated the Fair Trading Act 1986, should be on your radar. The changes came into effect on 16 August 2022.
Topics covered in this article: Fair Pay Agreements Bill on the table; Proposed legislation to address modern slavery and worker exploitation; Incorporated societies – what’s next?; Next stage of vaping legislation coming into effect.
In February, the government proposed a new compulsory insurance scheme for all employees. We look at what the proposed scheme would involve and whether you as an employer should prepare.
The Minister of Finance, the Hon Grant Robertson, presented the government’s Wellbeing Budget to the House on Thursday, 19 May. With an eye on the late 2023 general election, did the Budget give short-term relief for New Zealanders or did it take the long-term view for the good of the country? The government has probably put a dollar each way.
Charges against Bunnings dismissed; Directors found trading recklessly may face multiple fines; Important upcoming legislation drafted.
Since Covid appeared in New Zealand in early 2020, employers have navigated a variety of complex matters relating to vaccinations, vaccine passes, alert systems and workforce management.
From a legal perspective, hiring contractors has always been tricky. The onus of correctly identifying who is an employee versus a contractor, and ensuring legal compliance, remains an employer’s responsibility.