Law forms the basis of all business transactions and is essential to their proper understanding. This course examines the use and legal effect of contracts in a range of business contexts. Both negotiated contracts and standard form contracts will be studied. The role of terms in negotiated contracts will be explored as will the impact of insolvency of one party to a contract. Standard form contracts that are used in numerous business contexts will be explored in the context of the Competition and Consumer Act 2010 Part 3 Australian Consumer Law 2010 (Cth).
The common contractual themes will be highlighted, along with the different requirements attaching to the rights and obligations of parties to a contract governed transaction.