Business briefs
Topics covered in this article: unfair contract terms regime extended to small business contracts; new sick leave provisions; changes to the retention money regime for construction contracts.
Commercial
Lease vs licence
Leases and licences are common contractual arrangements. Although both are similar, there are crucial differences between them which can have significant implications for anyone who owns or occupies commercial premises.
Bonding agreements
Bonding agreements can be an incredibly useful tool for ensuring employers can recoup costs incurred for training staff.
Rent reviews in commercial leases
An examination of a variety of clauses to suit different situations when rent is up for review in commercial leases.
Raising capital for your business
In 2020, the government introduced a raft of legislation to provide temporary relief for businesses struggling to navigate the effects of the Covid pandemic. Some relief measures, such as the safe harbour for company directors, have already expired, while others will expire this year unless they are renewed.
Having a puff at work
The COVID pandemic has paved the way for innovation, and many New Zealanders spent 2020 investing time and money into their new or existing businesses.
Business briefs Feb 2021
The COVID pandemic has paved the way for innovation, and many New Zealanders spent 2020 raising funding for their new or existing businesses.
Commercial leases post-COVID
In the past three months, most landlords and tenants would have become more familiar with the details of their lease. In particular, most will be looking at how clause 27.5 of the Auckland District Law Society (ADLS) lease applies to the government-imposed lockdown that we have all experienced as a result of COVID-19.
Business Briefs
COVID-19, and the restrictions imposed by the government in an attempt to control it, have deeply affected our lives. However, it’s not just our social lives that have become frustrated.
Government’s COVID-19 wage subsidy scheme
Many New Zealand employers are scrambling to maintain solvency while balancing their employer obligations during the COVID-19 lockdown; thousands of businesses accepted the government’s COVID-19 12-week wage subsidy as a necessary lifeline.