Tag Archives: contract

ILN Today Post

3 ways to build a better residential construction contract

Residential construction contracts in Ohio exceeding $25,000 must be in writing and are covered under Ohio Revised Code Section 4722. This section requires that the contractor and owner enter into a written residential construction services contract prior to the contractor performing any work on the project. Below are three tips on how to improve your residential construction contract.

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Taking stock of stocktakes: insolvency practitioners’ entitlement to incentive fees

Bicheno Investments Pty Ltd v David John Winterbottom [2017] NSWSC 536 has confirmed that the completion of a stocktake does not necessarily require a full physical stocktake. Rather insolvency practitioners may satisfactorily complete a stocktake by reviewing a business’ records, provided they are satisfied that those records are accurate and complete. On this basis, Justice McDougall of the Supreme Court of New South Wales confirmed that the Receivers were entitled to retain a $2 million incentive fee. The decision also serves as a reminder of the impact the definition of a ‘stock take’ has in retention of title matters.

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ILN Today Post

Mexicana Bimbo escala conflicto con Canal 13 y exige pago de US$65 millones

Ideal acusa que gastó $803.294.756 en contratos para mejorar reputación tras la emisión del programa de Contacto del canal ligado a Andrónico Luksic. El 9 de julio de 2013 la relación entre Ideal, filial del gigante Bimbo, y Canal 13 se quebró. La emisión del capítulo denominado “Alimentos saludables: ¿gato por liebre?” del programa Contacto cortó la relación entre ambos, y esta vez el conflicto volvió a escalar.

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Your place or mine?

March 2, 2016 — The traditional social question is also relevant in the context of business relationships: if a dispute arises out of a contract you signed, will you have to travel to the outer limits of the province if it ends up in court?

Click here to read comments by Sharon G. Druker on clauses that could spare you the high costs of having to conduct litigation in remote locations.

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